History of investment banking (part 2)
The New Deal, the interventionist program Roosevelt promoted to soften the blow from the 1929 Wall Street Crash, meant that investment and retail banking must operate separately for the first time in history. After being separated in 1933, they began to develop independently during a period of economic boom in the U.S.
BBVA’s new headquarters in Madrid has been built according to the strictest sustainability criteria to ensure minimal environmental impact. Thanks to the smart systems built into the new Ciudad BBVA it has been possible to cut energy consumption rates by 30%. Potable water consumption has been also cut by half and 100% of waste is recycled.