BBVA Compass this week launched its Center for Financial Education Community Workshops Initiative, with the goal of giving 20,000 low- to moderate-income individuals, families and small business owners the knowledge they need to take better control of their financial lives.
24 Aug 2018
As a Certified Financial Planner, it makes sense that BBVA Compass Investment Solutions Executive Director Lorin McMurray would run the gamut when it came to saving for his children’s college, having an investment in a prepaid plan from his home state, a 529 savings plan and a custodial account. Even still, he says, “College will cost you more than you ever thought.”
New York University (NYU) made headlines around the country last week when it announced that it would be offering free tuition to current and future medical students to help alleviate the financial worries that come with high medical school costs.
27 Jul 2018
As managing director of the Center for Financial Inclusion at Accion and a member of the advisory board for BBVA’s Center for Financial Education and Capability, Elisabeth Rhyne constantly faces the challenge of addressing financial inclusion worldwide, securing the protection of microfinance customers, and helping them achieve solid financial health.
19 Jul 2018
The EduFin Summit comes round again and this time full of novelties. This year the event, organized annually by BBVA’s Center for Financial Education and Capability, will take place in Buenos Aires. Leading experts in the field of financial education will debate the challenges of the sector and the importance of financial behavior for the well-being of people.
16 Jul 2018
The BBVA Center for Financial Education and Capability has selected the winning projects in its first Call for Expressions of Interest (EOI). The projects stand out because of their innovative nature and offer solutions to the challenges of financial education on a global level.
03 Jul 2018
At its meeting on June 14, the European Central Bank (ECB) set an expiry date for the asset purchase program: December of this year. The program, which started in March 2015, is now approaching its end. It forms part of the non-standard measures that Mario Draghi’s institution implemented during the toughest years of the economic crisis. What do they consist of?
28 Jun 2018
It’s true that interest rates on mortgages are increasing, but it could still be a good time to refinance. As with so many things in life, it all depends on your unique financial situation.
According to RealtyTrac, as of April 2018, there were more than 600,000 properties in the U.S. in some stage of foreclosure. While the numbers of foreclosed homes are significantly lower than at the peak of the U.S. Housing Crisis, with more than a half million lender owned homes on the market, buyers still have a solid opportunity to find a good deal.
21 Jun 2018
When it comes to buying a home, understanding which mortgage option is right is key. When constructing a home from the ground up, the same is true, but the options for financing are slightly different.
Generally, new construction financing falls into two types of loans, construction-to-permanent and construction only.
18 Jun 2018
Having a good financial health means having both enough money to cover expenses and savings to face unexpected future events. To know how to analyze it, the Center for Financial Services Innovation (CFSI) has identified, in a study published in the Center for Education and Financial Capabilities of BBVA, eight indicators that measure the state of people’s financial health.
Everfi is a leading educational technology company that uses social games, videos, and animation among other tools to provide financial education to everyone, at any age, anywhere in the world.
14 Jun 2018
Interest rate, risk diversification and fixed-income assets are some of the financial concepts that most people have to deal with at one point or other. Do we really know what we are talking about? According to the Financial Skills Survey carried out by the Bank of Spain and the National Securities Market Commission (CNMV), 46 percent of Spaniards rate their financial knowledge as “low” or “very low”. Only 8 percent say it is “high”.
13 Jun 2018
BBVA Compass is teaming up with nonprofits to build a comprehensive network of financial education offerings, with the goal of giving 20,000 low- to moderate-income individuals and families the knowledge they need to take better control of their financial lives.
30 Apr 2018
BBVA Compass is proud to celebrate those who help others develop healthy money habits. The bank’s own Carla Tessman is certainly deserving of such celebration. She teaches financial education classes at Houston’s Harris County Jail to prepare female inmates for a future beyond bars.
05 Apr 2018
Saving for retirement is a challenge, particularly when it’s far off. However it’s in your interest to plan for it to avoid stress and assure yourself adequate income when the time comes.
29 Mar 2018
HOUSTON — BBVA Compass and Opportunity Finance Network today announced the names of the 27 dedicated leaders at community development financial institutions who were selected for the 2018 Opportunity Fellows Program, their joint initiative to boost the CDFI industry’s leadership ranks and spur greater access to capital in under-resourced communities.
22 Mar 2018
A ‘teachable moment’ is a unique instant in which the opportunity presents itself to teach something to someone else who has had their attention captured by that something. These valuable learning opportunities in financial education lend themselves to teaching people to take informed decisions.
21 Mar 2018
The BBVA Center for Financial Education and Capability has launched the first ‘Call for Expressions of Interest,’ an initiative aimed at fostering academic research in financial education and inclusion. This first edition will focus on six areas that address different global issues from diverse perspectives.
19 Mar 2018
Financial education is key to guaranteeing a sustainable and inclusive economy, creating an era of opportunity through digital transformation, asserts BBVA’s Executive Director responsible for Global Economics, Regulation & Public Affairs, José Manuel González-Páramo.
14 Mar 2018
José Manuel González-Páramo, BBVA Executive Board Director and Head of the Advisory Board of the Center for Financial Education and Capability, and Antonio Ballabriga, Global Head of Responsible Business at BBVA, go over what the Center has been up to in its first year of existence amid as the Global Money Week event takes place.
21 Feb 2018
BBVA Compass and Opportunity Finance Network are putting out the call to dedicated leaders at community development financial institutions and inviting them to apply to the Opportunity Fellows Program, their joint initiative to boost the CDFI industry’s leadership ranks and spur greater access to capital in under-resourced communities.
19 Feb 2018
A year ago BBVA launched a project that reflects its commitment to financial education: the Center for Financial Education and Capability, whose goal is to foster knowledge in the area of financial education and inclusion.
15 Feb 2018
Garanti Bank is recognized internationally with its practices in gender equality and once again included in the Bloomberg Gender Equality Index. Through its numerous practices and initiatives for ensuring gender equality within its human resources as well as its activities directed to customers and the community, Garanti is the only company to be included in the index from Turkey.
07 Feb 2018
Diana Mejía, a senior specialist in productive and financial development at CAF-Development Bank of Latin America and member of BBVA EduFin Advisory Council, is an expert in measuring the financial capabilities of people in Latin America. The results obtained in the last CAF financial education surveys found a gap between the financial products offered and the needs of the population, especially in terms of savings.
06 Feb 2018
This year Davos’ World Economic Forum (WEF) once more brought together world leaders, experts and thinkers to discuss the big economic matters that invite global concern. Over the course of the global event’s tight agenda, there was room for the inclusion and education of woman in financial affairs.
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.
10 Jan 2018
Goodwill Central Texas will open a new hub for financial education as part of the future Goodwill Career and Technical Academy, with funding generously provided by the BBVA Compass Foundation. The BBVA Compass Center for Financial Education will break ground in late 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.
18 Dec 2017
Her Majesty Queen Letizia of Spain presided over the presentation of the 2017 Teacher Action Awards, held at BBVA City in Madrid. The prizes are aimed at raising awareness about the importance of the role of Spanish education centers in promoting social values. The event was organized by the Foundation for Aid Against Drug Addiction (FAD), the Spanish National Commission for Cooperation with UNESCO, and BBVA. The Queen was accompanied by BBVA Group Executive Chairman Francisco González; the president of the Foundation for Action Against Drug Addiction, Ignacio Bayón and the Secretary of State for Education, Marcial Marín.
15 Dec 2017
In the era of the digital economy, it’s crucial that entrepreneurs acquire the financial knowledge and skills needed to develop innovative projects with long term sustainability. That´s why the focus on education, and in particular financial education, should be widened to include entrepreneurship, especially among young people.
14 Dec 2017
Wim Mijs, CEO of the European Banking Federation and member of Advisory Board for BBVA’s Center for Education and Financial Capability, has been working to promote financial education for many years now – first in the Netherlands and then throughout Europe. His efforts have been well received by the most important institutions in the finance industry and he’s building an ecosystem that breaks down barriers to foster knowledge.
13 Dec 2017
Customer experience, the new business models and investment in social commitment are the three opportunities for the banking industry, as it seeks to maintain a relevant role in society. “Investing in social sustainability is part of the banking industry’s responsibility,” said José Manuel González-Páramo, BBVA’s Executive Director and Head of Economy, Regulation and Institutional Relations, during the event entitled XIII Banking Industry Meeting organized by IESE (13th Meeting of the Banking Sector, organized by IESE) in Madrid.
12 Dec 2017
María José Roa, a researcher at the Center for Latin American Monetary Studies (CEMLA), recently presented the results of her study, “The importance of financial capabilities: an empirical analysis in the Andean region,” which was carried out with the collaboration of CAF (the Development Bank of Latin America).
05 Dec 2017
BBVA Compass and KIPP Houston Public Schools cut the ribbon Monday on the charter school system’s newest campus: the BBVA Compass Opportunity Campus, home of KIPP NEXUS Primary School and KIPP NEXUS Middle School in Northwest Houston. The campus, which welcomed its inaugural classes in the fall, is the first KIPP campus nationwide to share its name with a corporate investor.
04 Dec 2017
BBVA Global Wealth held the second edition of its Next Generations Madrid program, intended for second generations of Private Banking customers. The purpose of the program is to bring value to customers’ families, providing them with a specific educational experience.
23 Nov 2017
BBVA is the only bank participating in the European Business – Education Summit organized by the European Commission and CSR Europe in Brussels. At the meeting, BBVA’s Executive Member of the Board, Head of Global Economics, Regulation and Public Affairs, José Manuel González-Páramo, defended the importance of providing young people, not only with financial education, but also entrepreneurial skills, to boost Europe’s economy.
In the business world, we increasingly hear the term “soft skills.” It refers to the social skills that can only be acquired in everyday life, that allow people to successfully integrate into work environments. The demand for soft skills is on the rise, but how can we strengthen them?
10 Nov 2017
The use of cash as method of payment has been declining in recent years, in favor of digital methods and credit cards. Last month we saw another example in the Hawkers sunglass brand, which will not be accepting cash payments in its new Madrid store.
08 Nov 2017
Richard H. Thaler was awarded the Nobel Prize in Economic Sciences by the Royal Swedish Academy, for his “contributions to behavioral economy”
19 Oct 2017
BBVA Compass and the Houston Dynamo wrapped up their joint campaign to raise money for Hurricane Harvey relief efforts with a series of community events that ended when the Dynamo took the pitch at BBVA Compass Stadium for the Ninth Annual BBVA Compass Dynamo Charities Cup.
13 Oct 2017
The Financial Stability Board (FSB) is an international body that oversees the proper running of the financial system by promoting oversight and regulatory policies.
11 Oct 2017
Stock market indices can be described as baskets of shares. They are calculated based upon the average prices of a number of shares selected from a market or a particular sector. Their performance allows the investor to know the evolution and trends in the market. At the same time, indices serve as a reference for investors who specialize in funds or portfolios of shares. Following is a list of the principal stock indices on the world market.
09 Oct 2017
The best way to specialize in the broad world of finance is by earning one of the degrees that we discuss below. Each one focuses on a specific field of finance and adds the kind of gloss that can make a job candidate’s resumé stand out from the crowd.
21 Sep 2017
19 Sep 2017
18 Aug 2017
BBVA Compass brand ambassador James Harden of the Houston Rockets landed in Birmingham Thursday to help make a surprise announcement at Parker High School: the bank will bring a preseason game to Birmingham, between the Rockets and an as-yet-unnamed team in 2018, for the first time in more than a decade.
07 Jul 2017
Euromoney has chosen BBVA as the best bank for transaction business and Corporate Social Responsibility in Latin America in the 2017 edition of its Awards for Excellence. The prestigious international magazine has also recognized BBVA Bancomer as the best bank in Mexico. In a ceremony held last night in London, Euromoney recognized the institution’s work in Latin America and Mexico, which have been key markets for the group for decades.
23 Jun 2017
How peoples’ behavior affects the economy and how their conduct can be educated so they can aspire to a better present and future wellbeing. That was the central idea of the panel Behavioral economics and financial education, moderated by Jorge Sicilia, director of BBVA Research. The participants included Josh Wright, executive director of Ideas 42; Carlos Ramírez, chairman of the National Commission for Retirement Savings of Mexico and Hugo Ñopo, senior researcher at the Group for the Analysis of Development (GRADE).
19 Jun 2017
Essayist Brett King shares his vision of a future that is already at hand, in which banking will have to completely change its vision of the business: the important thing will no longer be products or distribution channels, but the customer experience.