Bitcoin, the digital currency whose anonymity attracted drug dealers and tax evaders, is on a roll again. But after a renewed price spike that echoes its first speculative bubble three years ago, even many of the currency's backers warn that another sharp correction is likely to follow.
Finance
Finance
José Ángel Sánchez Asiaín, who stood out as a key figure in banking modernization, passed away on December 31 in Madrid at the age of 87.
The Dutch NGO PAX recently published a new edition of the report, “Don't Bank on the Bomb”, which documents and denounces the governments and banks around the world that are financing of companies producing nuclear weapons. The organization also annually publishes the report “Worldwide Investments in Cluster Munitions: A Shared Responsibility”, which focuses on financing of cluster bombs.
More than 300 BBVA Compass team members came together to set product and service development priorities for 2017 in the bank’s third U.S. Quarterly Planning meeting.
Economics, businesses and finance
Europe must press forward even more urgently with key financial reforms
Europe must press forward even more urgently with its key financial reforms to face current challenges with more resilience, said BBVA’s Executive Board Director José Manuel González-Páramo this morning at a conference in Rome.
Economics, businesses and finance
Third liquidity auction of TLTRO-2: higher demand than the previous
The European Central Bank (ECB) today announced the outcome of the third auction of TLTRO (targeted long-term refinancing operations). These long-term financing operations aim to stimulate lending in the euro zone. The demand for additional liquidity has reached 47.9 billion euros. In the first auction of the TLTRO-2, the demand for additional liquidity was 36 billion euros and, in the second, was 34 billion euros.
Unoe's integration in BBVA has been successfully completed. Starting this week, the online bank's customers are now to all effects part of the Group.
Economics, businesses and finance
ECB meeting: European Central Bank extends asset purchase program, for longer than expected, but at a slower pace
The ECB will keep interest rates unchanged and extend its bond-buying program until the end of 2017, although for a lower amount, starting in April. Draghi did not rule out the possibility of new extensions if conditions are not favorable. The market reacted with significant increases.
Economics, businesses and finance
BBVA Compass economists: Houston stands to gain $69 million from Super Bowl, but biggest lift could be to its image
Super Bowl LI will have a net economic impact on Houston of $69 million, which is a small fraction of the city’s economic output but still a welcome boost to its bottom line and, most importantly, its image, BBVA Compass economists say in a new report.