BBVA Compass, the nation’s 22nd-largest bank by deposit market share, is punching way above its weight in its drive to become the lender-of-choice for entrepreneurs and small businesses.
According to Investorpedia, retail banks are banks devoted to provide services to particular savers and investors and small and medium sized enterprises. On the other hand, wholesale banks specialize in the provision of services in large operations, generally with large companies and organizations.
Although financial institutions today specialize in a certain type of activity, this has not always been the case. In fact, it was not until after the crash of 1929 that these two types of banking began to operate separately.
This took place in 1933 through the Glass-Steagal Law, which was promoted by Roosevelt as part of a package to stimulate the economy (The New Deal). This law was abolished by Bill Clinton in 1999, which allowed both models of banking to be housed under the same institution once again. However, after the financial crisis that devastated banks in 2008, these activities currently operate separately in most cases.
The main difference between both banking sectors is that they each specialize in different types of customers, but this is not the only difference, Let’s take a look at other things that distinguish them.
Miami’s movers and shakers came out in force in late October for the Spain-US Chamber of Commerce annual gala, where BBVA Compass was given the chamber’s Company of the Year award.
It may seem simple to start a successful crowdfunding campaign. However, several different factors are important to keep in mind in order to be successful, which can be summarized as work and strategy. The directors of various platforms helped us to break down these elements.
For the second consecutive year, the BBVA Compass Foundation has committed to pour a significant investment into the Arizona desert in the form of a grant for community and economic development.
The other day Angela Merkel took a few hours out from the cacophony of day-to-day politics. Putting to one side migration, the eurozone, Russia and Ukraine, Brexit and the rest, the chancellor gave a speech about algorithms. Yes, algorithms.
Once again BBVA Bancomer has been named best investment bank in Mexico by Latin Finance magazine. The bank already merited the distinction in 2013 and this year, despite market volatility, BBVA Bancomer has managed to set itself apart from its competitors, earning the award for a second time. This accolade attests to the effort and work of BBVA’s investment banking unit in the country over the past year, and reaffirms the importance of Mexico within the Group.
Market analysts reacted positively to the results disclosed by BBVA, which in many cases outperformed their forecasts. Reports cite both the bank’s solid set of results and strong capital generation capacity as the factors that have allowed it to achieve its 11% fully loaded CET1 ratio goal ahead of its proposed 2017 date.