Finance
Finance
The Financial Stability Board (FSB) has just published the list of Global Systemically Important Banks (G-SIBs) for 2017. The number of institutions remains the same, but with three significant changes. Systemic banks have a major impact on the economy, but what makes them different from the rest?
Positive market conditions and investor appetite have helped BBVA to get an excellent reception for its sixth issue of CoCos. The Group has issued a $1 billion bond, with the lowest coupon in dollars for an issuer from southern Europe (6.125%), and the longest maturity (perpetual, with a ‘call’ option starting in the tenth year). Registration of a prospectus with the U.S. Securities and Exchange Commission (SEC) has prompted a bigger participation from American, European and Asian investors.
Dr. David Ferguson moved to San Antonio, Texas a little less than a decade ago to find a warm place to plant his roots with his family. Little did he know that his business would heat up shortly thereafter.
GarantiBank International NV (GBI), a member of the BBVA Group, received an innovation award at the Outsystems Annual “NextStep” Event in Utrecht, the Netherlands. GBI won the prize for being the first bank in the Netherlands to obtain the consent of the Dutch Central Bank to bring its core banking processes to the cloud.
The BBVA Group takes another step forward in its digital transformation and in improving customer experience, with a new website for shareholders and investors. The site includes new content and the latest trends in browsing, and is accessible from any mobile device.
Contactless technology enables users to make card payments through near-field communication (NFC). Adoption of this technology has grown exponentially in recent years, thanks to the benefits it offers both consumers and stores.