Digital financial services are within everyone´s reach, but each generation has its own peculiarities when using them. Mobile banking apps have won over the centennials, while social networks influence Generation Y when it comes to changing banks, and Generation X confides in online banking. The baby boomers, meanwhile, prefer to take a stroll to the branch office.
Jackson Hole is a town of only 9,000 inhabitants located in a valley in the middle of the Rocky Mountains in the US State of Wyoming. Apparently, there is nothing newsworthy about it, and, so, why have we been reading and hearing its name so often in the media lately?
Most people would agree that the U.S. economy’s current expansion cycle has been anemic. Since 2010, average real GDP growth has been 2.1 percent, significantly lower than 3.2 percent between 1992 and 2007. Over time, the cumulative difference between the two paths could be quite dramatic. The average person would be 17 percent less wealthy after 15 years, and 38 percent less wealthy after 30 years.
In 2007, one of the biggest financial crisis in modern history started, one that has brought drastic changes to the world’s economy.
The bursting of the financial bubble caused by subprime mortgages triggered a deep economic recession, especially in countries such as Spain. The crisis also resulted in record-high unemployment rates that still affect large segments of the population. This is how the crisis that started a decade ago has evolved and affected people and the economy.
BBVA has recently joined the Singapore-based Capital and Credit Risk Manager (CCRM) platform as a full member bank. CCRM is a Digital Market Place providing a secondary market for trade and working capital risks, owned by Tin Hill Capital and supported with a grant from the Monetary Authority of Singapore (MAS) Financial Sector Development Fund.
BBVA Trader is an easy-to-manage and accessible market monitoring platform for users with a trader and heavy-trader profile. Its Trader Pro version goes one step further. In line with its principle of immediacy and ease of use, this version of the tool is more customizable and offers more possibilities for operating in the markets.
Entrepreneurs seeking to launch or expand their enterprise may experience big success for their small business when it’s built with a set of prime financial tools. According to BBVA Compass Director of Small Business Product Solutions Lance Gibson, while needs differ from business to business, there are some financial tools that are essential when it comes to starting or growing a small business.
BBVA has sold one of the largest loan portfolios in the Spanish market to an affiliate of Cerberus Capital Management, L.P. The portfolio, which has a gross nominal value of nearly 600 million euros, consists of loans from real estate developments distributed throughout Spain, with the largest number in Andalusia, Madrid and Catalonia.
Technology is changing the way we make our payments, with new applications for carrying out transfers or payments, which require nothing more than a smartphone.