The Federal Reserve announced Wednesday the results of its Comprehensive Capital Analysis Review, or CCAR, and for the fourth year in a row, it did not object to the capital plan submitted by BBVA Compass Bancshares, Inc.
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Finance
BBVA is the first dealer to give its institutional clients an automated way to build bespoke structured products and then calculate a tradeable price in real-time through a new Bloomberg function called the Derivatives Library, or {DLIB<GO>}.
This past 23 June, the Cabinet approved a new category of debt for issuance by all financial entities: senior non-preferred debt, which has the ability to absorb losses.
Ricardo Gómez Barredo, Director of Accounting & Supervisors at BBVA, indicated that “the first country that manages to balance the power of the bank regulators will be the most attractive to potential investors,” at the workshop “Madrid the financial center” last Friday. In the context of Brexit, the Spanish financial system should make the regulatory framework less complex in order to become an attractive destination for international banks.
The Aspen Institute named BBVA Compass Director of Corporate Responsibility & Reputation Reymundo Ocañas one of its 2017 First Mover Fellows this week, recognizing him as a leading “intrapreneur” who is working within his company to help solve some of the world’s most pressing social and environmental challenges.
BBVA Compass is sponsoring the Houston Pride Parade for the fifth year in a row, putting its signature blue colors atop the main festival entrance this weekend in a show of support for one of the nation’s largest Pride Celebrations.
A bevy of recent awards and recognitions for BBVA Compass has shined the spotlight on the bank’s Corporate, Commercial and Small Business operations, highlighting the bank’s elite solutions for its wide range of clients.
For BBVA Compass, helping clients create opportunities for their brighter futures is more than a slogan; it’s a mission the bank follows in order to help its clients realize their dreams and ambitions.
BBVA Compass President and CEO Onur Genç has been on the job for just six months, but already, he sees a wealth of opportunity for BBVA in the U.S.
BBVA’s expansion to the U.S. came after it found success in South America and Mexico. The U.S. was an attractive market from a demographics standpoint, with a growing population, a solid economy - which also happened to be the world’s largest - and a positive banking environment. Also, given the Group’s leadership in Latin America, the U.S. with its large and growing Hispanic population was a natural choice.