- Earnings: BBVA Compass reported a net income of $196 million for the fourth quarter of 2018.
- Appointments: BBVA Compass appointed Miami Market CEO and new Global Wealth Executive.
- Shutdown Relief: BBVA Compass announced that it will provide financial relief for clients directly impacted by the recent federal government shutdown.
18 Feb 2019
BBVA regrets the inconveniences caused by the freezing of some customer accounts in Spain, which was undertaken in compliance with Anti-Money Laundering laws. This legislation requires that banks assume obligations related to the knowledge, monitoring, and control of their customers and their banking activities with the aim of preventing money laundering in the financial system. BBVA has taken the necessary measures to streamline the documentation process and restore the affected accounts to normal activity, once the documentation required by law is in place.
11 Feb 2019
BBVA CEO Onur Genç continues his tour across the Group’s operating countries. After his visit to Spain and Mexico, last week he found himself in Turkey. During his visit to Garanti Bank, Genç was able to witness firsthand the digital transformation progress that has been made by one of the bank’s leading digitization franchises, led by Fuat Erbil.
07 Feb 2019
BBVA Compass has named Brian Fricke as its Chief Information Security Officer (CISO), where he will oversee the bank’s Information Security and Engineering Risk functions.
29 Jan 2019
Che Goff knows Corpus Christi. One could surmise that the newly-appointed BBVA Compass Corpus Christi City President got to where he is because of his attachment to the place he calls home.
BBVA CEO Onur Genç, is still embarked on his tour across the different geographies in which the BBVA Group operates. After Spain, his next stop was Mexico, where he met with the BBVA Bancomer team, led by Eduardo Osuna.
Over the course of the work sessions, Onur Genç had the opportunity to learn first-hand about the business plans of BBVA’s Mexican franchise and discussed the countless milestones achieved by the bank in its transformation journey, with an ever increasing portfolio of digital products and services for private customers, corporates and public administrations. “What you have achieved as a team in Mexico is simply marvelous. In all metrics, BBVA Bancomer’s has done a wonderful job. You’re leading the way towards transformation,” he said.
24 Jan 2019
Spain was the first stop in the tour BBVA’s new CEO is taking across the different markets where the Group operates.
Onur Genç met with those in charge of BBVA Spain, as well as the different multidisciplinary teams working on the development of next-generation digital products and services. “I was able to see first hand the commitment and dedication of the entire BBVA team in Spain. They are pioneers in many of the projects the Group launches,” he said.
16 Jan 2019
BBVA Compass has appointed Hector Chacon as its new Global Wealth Executive, promoting a long-time employee who has held multiple positions prior to his new role.
In general, banks are able to continue with business as usual during a government shutdown. Accounts can be opened, transactions can be processed, loans can be funded. However, there are some areas that rely heavily on Federal employees in specific situations.
15 Jan 2019
In general, banks are able to continue with business as usual during a government shutdown. Accounts can be opened, transactions can be processed, loans can be funded. However, there are some areas that rely heavily on federal employees in specific situations.
10 Jan 2019
With regards to media reports related to Grupo Cenyt, which if found to be true would be extremely serious, BBVA informs that in June 2018 it opened an investigation into the hiring and services rendered by this company. It also commissioned an external law firm to proceed with an independent review of all facts and available documents. Both actions are currently underway.
Should any irregularities be detected during these reviews, BBVA will adopt the pertinent internal measures and take the appropriate legal actions and, as always, will fully cooperate with law authorities.
The 49th World Economic Forum, known as the Davos Forum, is set to begin on January 22 in the Swiss district of Davos-Klosters. For four days politicians, businessmen, and representatives from social and cultural organizations will gather to discuss global problems and identify solutions. This year, the forum will place special emphasis on international collaboration, giving the world a voice.
19 Dec 2018
BBVA is to initiate a strategic review of options for its automobile financing business in Chile, mainly carried out through Forum Servicios Financieros S.A (Forum). Some of the options being explored include a total or partial sale of Forum, which will not necessarily lead to a sale. BBVA will assess all possible options that contribute to create value for its shareholders.
29 Nov 2018
Onur Genç has just been named the next CEO of the BBVA Group. He is excited, beyond happy and somewhat surprised. As the announcement is made public we meet him for a quick chat.
28 Nov 2018
The Board of Directors of BBVA approved the succession plan for the company’s chief executive officer (CEO). Onur Genç, who is currently the CEO of BBVA Compass and U.S. country manager for BBVA, will replace Carlos Torres Vila as Group CEO. The succession is expected to take place on Dec. 31, 2018.
26 Nov 2018
BBVA’s family of podcasts is growing. The Group is launching two new programs this week that will join its collection of audio content. ‘Deep Talks’ is a monthly interview with people who managed to transform their environment. The first person featured in the podcast is BBVA Group Executive Chairman Francisco González. Meanwhile, ‘Data Stories’ aims to explain the world of data and its importance in people’s everyday lives. The podcasts are part of the bank’s commitment to sharing knowledge and content.
10 Oct 2018
Because safety is our top priority, many BBVA Compass branches along the Alabama and Florida Gulf Coast were closed on Oct. 10 due to Hurricane Michael. Below are the branches’ current status. We will continue to provide any updates as they become available. Online Banking and the BBVA Compass Mobile Banking app are still available, and you can also call us at 1-800-COMPASS.
08 Oct 2018
The Royal Swedish Academy of Science has awarded the Nobel Prize in Economic Sciences 2018 to U.S. Scientists William D. Nordhaus and Paul M. Romer in Economic Sciences. Nordhaus, who earlier this year won the BBVA Foundation Frontiers of Knowledge Award in Climate Change, has developed the first model capable of integrating economic and environmental data to identify the most efficient policies against global warming. Romer has pioneered the use of technology in macroeconomic research.
26 Sep 2018
The Board of Directors of BBVA approved the succession plan for the company’s chairman. The plan establishes that CEO Carlos Torres Vila is to replace Francisco González as group executive chairman when he leaves his post, which is expected to take place on Dec. 31st, 2018. The succession ensures the continuity of the transformation process which has placed BBVA at the forefront of the global financial industry.
21 Aug 2018
Political concerns in Italy and the intensification of geopolitical tensions between the U.S. and Turkey set a cautious tone in financial markets last week. The tone was not alleviated by the possibility of an easing in trade disputes between China and U.S.
20 Aug 2018
11 Aug 2018
As the trade war between China and the U.S. continues to escalate, both sides exchanged salvos in early July with the U.S. imposing 25 percent tariffs on $34 billion worth of imports from China, followed by a similar response from China.
14 Jul 2018
Top news and articles from BBVA Compass in June reflected the bank’s commitment to being a digital leader and engine of opportunity for customers, small businesses and communities throughout its footprint. The bank also positioned itself as a financial education resource, publishing a series of informational articles on homeownership.
22 Jun 2018
The rise of fintech platforms has yielded an uptick in banking industry innovation. Newsworthy developments seemingly come in waves, bombarding the news cycle and drowning consumers with vast amounts of information.
15 Jun 2018
BBVA Compass‘ record quarterly earnings for the first quarter of 2018 was top news on bbva.com for the month of April. Other leading news in April and May reflected the bank’s commitment to small businesses, financial education, and being an engine of opportunity locally and within its communities. The bank also published a series of articles that spotlighted its culture, employees and digital transformation.
18 Apr 2018
BBVA Group Executive Chairman Francisco González has been distinguished with the Mexican Order of the Aztec Eagle, in the grade of Plaque. The Aztec Eagle is the highest distinction awarded by the Mexican government at international level. The award stands as a testament to Francisco González’s outstanding career, “which has allowed to benefit Mexican society through projects in healthcare and education, stimulating young entrepreneurs in Mexico.”
14 Feb 2018
BBVA Compass continues to create opportunities for its clients, consumers and communities throughout its footprint, focusing on impactful hyper-local initiatives. Published on the bank’s global news platform, bbva.com, the articles below highlight BBVA Compass’ commitment to being an engine of opportunity within the communities it serves, and a bank with a mission of providing insights and services that help position its clients and consumers for a bright financial future.
31 Jan 2018
BBVA Compass assembled a worldly-wise panel in Houston last week to help its Global Markets clients, all of whom maintain assets outside the U.S., sort through the barrage of global economic news to better understand the risks.
26 Jan 2018
This year, the World Economic Forum at Davos is attracting plenty of attention. From the long-awaited speech by U.S. President Donald Trump to the criticisms of American protectionism and support for global cooperation expressed by German Chancellor Angela Merkel and French President Emmanuel Macron, no leader misses their moment in the spotlight to send messages to the world community.
10 Jan 2018
BBVA-owned content be available through a number of channels, including iVoox, Apple podcasts, bbva.com and BBVA’s social media profiles. BBVA’s first proposal for the new channel is Blink, a weekly program offering practical information on personal finance, fintech solutions, work methodologies and tips to help users make the best financial decisions.
09 Jan 2018
In December, BBVA Compass published a series of articles that captured its brand promise of “creating opportunities,” honing in on efforts and investments that will positively impact underserved communities throughout the bank’s footprint. The bank also positioned itself as an engine of opportunity for people, highlighting its commitment to helping customers digitally and through an array of financial services.
28 Dec 2017
Sustainable Development is essential to achieving more peaceful and just societies and the United Nations counts on the private sector to help in this effort. The BBVA Microfinance Foundation (BBVAMF) has contributed its experience in the finance sector to the report entitled “Business and SDG 16: contributing to peaceful, just and inclusive societies,” drawn up by the Sustainable Development Goals Fund and the University of Pennsylvania.
08 Dec 2017
In November, BBVA Compass published a series of articles that underscored its efforts of being an inclusive and digital bank committed to the customers, clients and communities throughout its footprint. Top articles of the month were centered around a recognition for the award-winning BBVA Compass Mobile Banking app; the bank’s recent achievement from the Human Rights Campaign; dinners held for the bank’s Denver clients; and the bank’s new agreement with entertainment presenter, AEG.
22 Nov 2017
This isn’t an article about magic or a secret trick for using cell phones. It’s simply about using the voice assistants that any mobile device contains: Siri for Apple and the popular “OK Google” for Android. Both allow users to send messages while leaving the smartphone on the table, untouched.
14 Nov 2017
The volume of credit granted to companies in Spain increased by 6% in the first quarter of 2017, according to data from DBK Informa Observatorio Sectorial DBK, coverd by Cinco Días. SMEs are responsible for most of the movement in this indicator, which is forecasted to pick up in the second quarter this year.
13 Nov 2017
Global CO2 emissions were nearly stagnate for the third year in a row. Total CO2 emissions reached 35.8 gigatons in 2016, which represents a 0.3% increase over the previous year. Published by El Periódico, the data come from the estimates of the European Commission’s Joint Research Centre, and the Netherlands’ Environmental Assessment Agency.
10 Nov 2017
They’re always popular with users of Android mobiles and they’re a fixture on any smartphone. Weather applications allow you to be always informed, in real time, about the meteorological conditions at a given place. Some of these apps are free, others have a cost; some are well known and others are just making a name for themselves in the market.
09 Nov 2017
Last month, BBVA Compass showcased its digital prowess with headline stories about BBVA Open Talent, its 2017 online banking award from Javelin Strategy & Research, and Tuyyo, BBVA’s new money transfer mobile app. The bank also published articles that highlighted it as an engine of opportunity for its employees and the communities throughout its footprint. The bank wrapped up its month of stories on Oct. 27, releasing its third quarter earnings.
08 Nov 2017
Changes in the digital transformation can now be observed in 50% of the companies that have decided to reshape their businesses around these new technologies, according to a Fujitsu report covered by Europa Press. The purpose of the report was to shed light on how companies are adapting to the new digital challenges and how these challenges will impact the future.
07 Nov 2017
06 Nov 2017
Digital business and digital transformation are the most important strategic priorities for banks, according to a recent study by Gartner. The report says that 26% of executives surveyed in financial institutions cite this as their principal goal, compared to 17% in other industries. The figures were based on a survey of 3,160 CIOS (Chief Information Officers) in a total of 98 countries.
03 Nov 2017
The opening of the Mexican gasoline market has not been enough to make up for the enormous disparities with the country’s main trade partner, the U.S. According to Consusef’s National Household Survey covered by El Universal, Mexican families spend an average of 3.38% of household income on gasoline, compared to 2.4% in the U.S.