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.
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.
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.
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.
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.
Europe has taken a giant leap forward to keep taxpayers from footing bailout bills in the future. Last week, the European Commission unveiled a regulatory package which, among other measures, envisaged the revision of the resolution framework for institutions. The proposal represents a new leap towards the goal of ensuring that banks allocate the right amount of resources to absorb eventual losses, even bail-out themselves, without resorting to public funding. It will also help European banks boost the amount of high-quality capital in their balance sheets.