The week of the publication of fourth quarter 2017 results (4Q17) begins and as it does, we remember the five keys to understanding a bank´s results. The following infographic shows how to interpret the most important figures.
Around seven years ago, in the wake of recently enacted regulatory changes, the availability of free checking accounts started a slow descent into oblivion as banks grappled with how to adjust business models.
Fast forward to today, and banks are still grappling with the issue, as evidenced by a recent bank’s announcement that it would be eliminating its free checking account and moving customers into an account charging a $12 monthly fee - unless the customer maintains a direct deposit of $250 or more, or a minimum daily balance of $1,500
BBVA Compass was an official supporter of the Alabama Crimson Tide’s championship parade this past Saturday, Jan. 20, helping the school celebrate its College Football Playoff National Championship.
Owning a credit card in 2018 may become more lucrative, says BBVA Compass Head of Payments Jon Groch.
According to Groch, rewards - or more precisely, the proliferation of them - is one of the biggest trends for credit cards in 2018. Other trends, he says, underscore the same emphasis on the consumer, as well as strategies to differentiate and distinguish individual cards and credit card issuers from one another.
‘World Finance’ magazine has selected BBVA Bancomer as the Best Digital Bank in Mexico 2017, and its Bancomer Móvil app as the country´s Best Mobile Banking application. These two accolades in the latest edition of the ‘World Finance Banking Awards’ recognize BBVA Bancomer ‘s ongoing efforts to promote digital banking in Mexico. They also underscore the challenge that the financial sector faces in using technology to transform the user experience.
In late 2017, the European Commission established a roadmap for deepening the European Economic and Monetary Union (EMU). The plan represented yet another step towards the economic integration of the EU, during a political year marked by the elections in the Netherlands, France and Germany and the Brexit negotiations with the United Kingdom. One of the most far-reaching proposals is transformation of the current European Stability Mechanism (ESM) into a European Monetary Fund (EMF). The year 2018 opens with the challenge of implementing this proposal.
BBVA-owned content be available through a number of channels, including iVoox, Apple podcasts, bbva.com and BBVA's social media profiles. BBVA's first proposal for the new channel is Blink, a weekly program offering practical information on personal finance, fintech solutions, work methodologies and tips to help users make the best financial decisions.
In accordance with accounting regulation, BBVA will make an adjustment in its accounts regarding its stake in communications provider Telefónica. This entry does not involve any cash outflow, nor does it have any impact on the bank’s capital ratio or the payment of dividends. The adjustment will be reflected in the income statement for Q4-17.
Economist William Nordhaus received the BBVA Foundation Frontiers of Knowledge Award in Climate Change for developing the first model capable of integrating economic and environmental data to identify the most efficient policies against global warming.