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Finance

Finance

Following the publication of first quarter results, BBVA CEO Carlos Torres Vila today said that net attributable profit from January through March increased by 69%, to €1.2 billion. “This is the highest level of profit of the past seven quarters,” he said. This has been possible thanks to income growth, lower impairments on financial assets and exemplary cost containment practices.  Also, the capital generation during the quarter was very notable.

Following the urgent measures adopted by Franco’s government to expedite the reconstruction of the economy, the Ministry of Finance redoubled its efforts to strengthen its grip over the banking sector.  On the last day of 1946, a new banking law was passed, outlining the new scenario in which institutions would be required to operate during the next decade.

The European Commission is currently seeking to answer this and many other questions that citizens have posed about retail financial services. In 2015, the Commission launched a public consultation that is set out in a document containing requests from citizens, presented by the European Parliament at the close of 2016. The next step was the publication of the Consumer Financial Services Action Plan: Better Products, More Choice, with specific proposals for eliminating the barriers to retail banking in Europe.

The scam involves both customers and ATMs. Two or more people stand behind the victim, while he or she withdraws cash from the ATM. First, they try to see and memorize the PIN number or password for the victim’s card.