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Finance

Finance

blockchain technology revolution banking resource

P2P financial systems are becoming more common in our economy. For this reason, we would like to provide you with the six keys to a better understanding of shadow banking, as well as its strengths and weaknesses in comparison with traditional banking.

BBVA has agreed to sell its 29.68% in Citic International Financial Holdings Ltd. (CIFH) for about €845 million to China CITIC Bank Corporation Limited (CNCB). This deal improves the BBVA Group’s fully-loaded Common Equity Tier 1 capital position by around 20 basis points, equal to generating over €700 million in capital. The sale does not change BBVA’s stake in CNCB.