Lori Moore
Today
After nearly a decade of bringing holiday joy to families across the country, the BBVA Foundation’s Project Blue Elf campaign continues its focus on financial education in a uniquely 2020 way.
07 Dec 2020
Economics, businesses and finance
BBVA Research publishes economic analysis: Labor market loses momentum, confirming need for additional stimulus
According to the latest economic analysis from the BBVA Research team, November’s unemployment figures suggest that the labor market is losing momentum as the pandemic worsens and fiscal support wanes. Additionally, the ongoing increase in permanent unemployment reveals the damaging long-term effects of the pandemic. Both situations highlight the need for Congress to take action and adds pressure on the Fed to take more decisive action.
12 Nov 2020
Unemployment
BBVA Research publishes economic analysis: Strong November labor market report amid rising uncertainty
After showing signs of slowing in September, the unemployment rate plunged to 6.9 percent in October, down from 7.9 percent, driven by disproportionately higher job gains in the household employment survey, according to the latest economic analysis from the BBVA Research team.
09 Nov 2020
BBVA USA has been honored by Global Finance for Outstanding Crisis Leadership, a program by the magazine that recognizes banks and companies that went above and beyond in responding to the global pandemic crisis.
05 Nov 2020
Economics, businesses and finance
New vehicle sales see a v-shaped recovery, according to BBVA Research Auto Sales Chartbook
BBVA Research published its October auto sales chartbook, noting vehicle sales have experienced a v-shaped recovery, increasing 36 percent in the third quarter of 2020 from the previous quarter. However, sales are still 10 percent below levels observed in 3Q2019.
28 Oct 2020
The BBVA Research team has published its Economic Outlook for fourth quarter 2020, anticipating that the pandemic and upcoming election could add noise to the short-term outlook even as medium-term prospects improve.
17 Sep 2020
Awards
BBVA USA recognized as one of the World’s Best Corporate/Institutional Digital Banks in North America by Global Finance
BBVA USA has been honored by Global Finance as one of the World’s Best Corporate/Institutional Digital Banks in North America for 2020.
16 Sep 2020
Macroeconomics analysis
BBVA Research publishes economic analysis: Signs of sustained labor market momentum
The U.S. labor market continued to improve in August, according to the latest economic analysis from the BBVA Research team.
01 Sep 2020
BBVA USA today announced the formation of its second Business Resource Group (BRG), this one in support of employees who identify as part of the lesbian, gay, bisexual, transgender, queer (LGBTQ) and supporting community. The announcement was made during the bank’s first LGBTQ Perspectives internal panel discussion, held virtually and including more than 300 bank employees.
20 Aug 2020
The BBVA Research team has published its Economic Outlook for third quarter 2020, as the U.S. faces one of its most challenging environments in modern history.
06 Aug 2020
Motor vehicle industry
New vehicle sales stronger than expected in 2Q20, according to BBVA Research Auto Sales Chartbook
BBVA Research published its July auto sales chartbook, noting vehicle sales exceeded expectations for the quarter, resulting in an upward revision to the economists’ annual forecast. However, sales were still 33.7 percent below levels observed in 2Q2019, the worst decline since 2Q09.
The BBVA Research team published its economic analysis of the drop in gross domestic product for second quarter 2020, noting it is the steepest decline in over-the-quarter growth since 1937, in the aftermath of the Great Depression.
31 Jul 2020
As companies across the globe struggle to find a balance between protecting the health and safety of employees and maintaining an efficient and effective workforce, BBVA is using its highly visible leadership team to meet that challenge with frequent transparent updates.
BBVA USA Indirect Auto Executive Melissa Sacher was named to American Banker’s Most Powerful Women in Banking: Next. Now in its second year, the list recognizes the accomplishments of women age 40 and under in the banking industry.
23 Jul 2020
April 2020 marked a high point in U.S. investments in environmental, social and governance (ESG)-themed exchange-traded funds in April 2020, according to analysts with BBVA Global Market Research. Nearly $2.8 billion flowed into equity and fixed income ETFs during the month, compared to the previous record of $2.4 billion in January 2020.
22 Jul 2020
The BBVA Research team published its insights into the economic impact of possible presidential election outcomes in 2020, noting that a divided government is unlikely to make significant policy changes, resulting in a continuation of the status quo in terms of growth.
07 Jul 2020
06 Jul 2020
The BBVA Research team has published two reports: its U.S. Regional Outlook for July, highlighting key factors impacting regional economies, along with its economic analysis of the U.S. employment report. The COVID-19 pandemic continues to impact job growth and other economic indicators.
02 Jul 2020
BBVA USA continues its strong push to provide financial education opportunities in the communities it serves, despite the continuing challenge of pandemic related stay-at-home orders in many areas.
19 Jun 2020
BBVA USA announced earlier this week that it would close offices across its footprint in commemoration of Juneteenth, creating an opportunity to cultivate a deeper understanding of our individual and collective roles in standing against systemic racism and social injustice.
16 Jun 2020
BBVA USA will close all offices across its footprint at 1pm Friday, June 19 in observance of Juneteenth, the commemoration of the end of slavery in the United States.
10 Jun 2020
It’s a constant refrain among leaders at BBVA USA that theirs is an organization of people helping people, and that means addressing both sides of the people equation – customers and employees. Not surprising, then, that the bank’s five-year strategic plan contains pillars that focus on both.
09 Jun 2020
The BBVA Research team has published its unemployment insights for May 2020, noting that the economy appears to have reached bottom and that the recovery is underway.
29 May 2020
Operational excellence provides the foundation upon which the hallmarks of superior performance are built. This is true for companies of all sizes in all industries, and BBVA USA is no exception.
21 May 2020
The BBVA Research team has published its Economic Outlook for second quarter 2020, offering a look at how the U.S. economy might recover in a post-COVID world.
13 May 2020
Corporate Responsibility
BBVA USA announces $600,000 award to Feeding America to help food banks during pandemic
BBVA USA announced today it awarded $600,000 to Feeding America®, a nationwide network of food banks. The organization will distribute funds to food banks across the bank’s geographic footprint.
28 Apr 2020
While banks across the country struggle to keep up with the onslaught of loan applications from small businesses racing to access Paycheck Protection Program funds, employees at BBVA USA found a unique solution: volunteers.
27 Apr 2020
The BBVA Research team has published its U.S. Macroeconomic Pulse for April 2020, offering insight into the economic outlook as well as macro fundamentals.
When the pandemic relief legislation known as the CARES Act passed in late March, BBVA USA recognized that an online application for the Act’s Payroll Protection Program (PPP) would be the best way to expedite funding and ensure the safety and health of its customers and employees.
17 Apr 2020
As small businesses across the country struggle with challenges from decreased sales to mandatory shut-downs tied to the COVID-19 pandemic, BBVA USA employees worked fervently to ensure the bank was one of the first in the U.S. to accept applications for the Small Business Administration’s (SBA) Paycheck Protection Program.
07 Apr 2020
Simple,a subsidiary of BBVA USA, today announced another addition to its rapidly growing list of products and features for its online customers with the launch of its No-Penalty CD.
03 Apr 2020
BBVA USA today announced it will be one of the first banks in the U.S. to begin processing customer applications for the Paycheck Protection Program, a key small business relief component of the recently passed CARES Act and administered through the Small Business Administration (SBA).
31 Mar 2020
According to the publication released from BBVA Research, When will the U.S. economy recover from the infection?, the experience of countries that have transitioned beyond the worst phase of the pandemic suggest that the number of coronavirus cases in the U.S. could peak in the spring or early summer.
19 Mar 2020
As millions of Americans face the prospect of being quarantined — either self-imposed or medically necessary — all of us are looking for creative ways to accomplish our daily chores and activities.
02 Mar 2020
25 Feb 2020
BBVA often is quoted as saying that the future of finance is financing the future – in part, this means that the bank believes that financial institutions play a key role in the transition to a more sustainable economy.
19 Feb 2020
The BBVA Research team has published its Economic Outlook for first quarter 2020, offering a look at a number of timely events and their anticipated economic impact.
07 Feb 2020
Simple, a subsidiary of BBVA USA, today announced its automatic savings program, Round-up Rules, reached a benchmark of more than $1.2 million in customer savings accounts.
06 Feb 2020
Economic analysis
BBVA Research, other economists see nonfinancial business debt as potential source of financial instability
Nonfinancial debt, specifically the relatively high ratio of business leverage, is drawing attention from economists working in policy and finance spheres, according to a recent publication by BBVA Senior Economist Filip Blazheski.
03 Feb 2020
Motor vehicle industry
New car sales expected to hit lowest point since 2014, according to BBVA Research Auto Sales Chartbook
BBVA Research published its January auto sales chartbook, noting vehicle sales were 16.9 million in 2019, down 1.7% from 2018. While the sales results are still solid, 2019 sales were the lowest since 2014.
28 Jan 2020
According to the publication released this week from BBVA Research, U.S. Macroeconomic Pulse for January 2020, the current baseline assumes growth of 1.8% in 2020, with a potential upside emerging. The paper further notes that model-based recession projections suggest probability around 30% over the next 24-months.
27 Jan 2020
Financial education
BBVA USA highlights focus on financial education at Boston College Corporate Citizenship Film Festival
BBVA USA highlighted the work its employees do to share knowledge and empower community members through financial education in its recent submission to the Boston College Corporate Citizenship Film Festival.
23 Jan 2020
Economic forecasting
American Bankers Association reports economists expect continued economic growth, stable interest rates
BBVA Chief U.S. Economist Nathaniel Karp, a member of the American Bankers Association (ABA) Economic Advisory Committee, joined the group’s other 14 economists in providing a detailed forecast for the coming year.
22 Jan 2020
Corporate Responsibility
BBVA USA earns 100 percent on Human Rights Campaign Foundation’s Annual Scorecard on LGBTQ Workplace Equality
BBVA USA received a perfect score of 100 on the 2020 Corporate Equality Index (CEI), the nation’s premier benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality, administered by the Human Rights Campaign (HRC) Foundation. The bank joins the ranks of over 680 major U.S. businesses that also earned top marks this year.
20 Dec 2019
Video
The BBVA Foundation hosted its seventh annual Project Blue Elf initiative during November and December, continuing its annual tradition of recognizing families that participate in the bank’s financial education programs.
17 Dec 2019
Customer experience
Forbes “100 Stats on Digital Transformation and Customer Experience” reflects BBVA’s own digital transformation
Forbes contributor Blake Morgan highlighted in a recent article that digital transformation and customer experience go hand in hand. She goes on to share 100 statistics that demonstrate the growth and importance of digital transformation and its impact on customer experience, as well as the digital challenges and opportunities that companies are likely to face in the future.
13 Dec 2019
BBVA Research released its U.S. Recession Risk Monitor, noting that the probability of a recession within the coming 12 months is at a one-year low, with the likelihood at 30 percent.
12 Dec 2019
BBVA USA Jacksonville Market CEO Nelson Bradshaw was named by Florida Governor Ron DeSantis to serve a second term in the Florida Development Finance Corporation (FDFC). Bradshaw, who serves as the organization’s treasurer, was one of four members announced and the only returning member.
11 Dec 2019
BBVA USA was named one of the Best Regional Banks of 2020 by GOBankingRates, an online resource that helps consumers find the best financial products nationwide.
06 Dec 2019
BBVA Research released its U.S. Oil Prices Outlook, highlighting the expectation that oil production will expand further in 2020, though at a slower pace.