If the context in which banks and companies interacted last year was already complicated due to the political and economic uncertainty, combined with the low interest rate scenario, the arrival of the COVID-19 pandemic last March further complicated this context by forcing nearly everyone into lockdown. Investment banks were a key component for the survival of large corporations. Jose Ramón Vizmanos, the Head of Global Client Coverage at BBVA Corporate & Investment Banking, explained this to the financial newspaper Cinco Días in an interview this summer.

BBVA is a global financial group with a customer-centric vision, characterized by its pioneering commitment to digitalization, innovation, and sustainability. It currently has over more than 81.2 million active customers and over 127,174 employees. BBVA operates in more than 25 countries worldwide, has a leading position in the Spanish market, is the largest financial institution in Mexico, and has leading franchises in South America and Turkey. BBVA also has a remarkable investment banking, transaction banking, and capital markets business, leveraged on the cross-border business among its geographies and sector-specific expertise, with specialized focus on supporting companies in their decarbonization efforts.

Millennials are the generation known as the tech generation, the echo generation, along with other monikers. However, they’re also known for their reluctance to buy homes. There have been many reasons for this trend among millennials, according to BBVA USA Head of Mortgage Banking Murat Kalkan.

In an interview with ‘La Linterna’ de COPE, BBVA’s Group Executive Chairman said that the EU funds to face the health crisis represent “a great opportunity”. In his opinion, if invested “productively in long-term growth and combined in combination with structural reforms”, they can help tackle key problems of the Spanish economy, such as structural unemployment. "We also need to invest in education, focusing on the world of the future: the digital world, the world of data and addressing the transition to a more sustainable world, socially and environmentally."

Last week, the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed  the PPP lender’s responsibilities, which can be found here. The second part of the bank’s PPP forgiveness webinar provided an overview of the borrower’s responsibilities and this article highlights some of the borrower’s responsibilities.

On May 25, 2020, the General Data Protection Regulation celebrated its second year of entry into application. As envisaged in the standard itself, the European Commission performed an assessment on its application and functioning over this period of time, taking into account the feedback provided by associations, companies, consumers and EU institutions. The commission has finally released the corresponding findings, which concludes that, on top of having a very positive impact, the COVID-19 crisis has demonstrated that the Regulation is prepared for the new digital age