Tag: BBVA

• Wednesday, November 29th 2017 - 07:53 UTC

  Scotiabank en route to becoming Chile's third largest private bank

  

  Bank of Nova Scotia is pushing deeper into Latin America with a US$2.2-billion bid for control of a Chilean rival, looking to ignite its growth as the bank's fourth-quarter profit edged higher but missed expectations.

• Tuesday, December 18th 2012 - 05:34 UTC

  Santander keeps growing: absorbs Banesto and Banif and will close 700 branches

  

  Banking giant Santander said on Monday that it will absorb two of its Spanish offshoots, closing 700 branches in the latest stage of Spain's great banking shake-up. The biggest bank in the Euro zone by market value, said it could save 520 million Euros a year by absorbing the offshoots, Banesto and Banif.

• Monday, August 6th 2012 - 07:21 UTC

  Slowdown in Latin America further exposed vulnerabilities of Spain and Portugal

  

  The slowdown in Latin America’s once booming economies could take a heavy toll on profits for Spanish and Portuguese companies whose two-decade investment spree abroad has provided a lifeline during a deepening crisis at home.

• Friday, May 18th 2012 - 09:31 UTC

  Moody’s cuts credit ratings of 16 Spanish banks and four regions

  

  Ratings agency Moody's has cut the credit ratings of 16 Spanish banks, a further blow to a country that is struggling to deal with the bad debts of its banking sector. It also cut the debt rating on Santander UK, a subsidiary of the Spanish banking giant.

• Friday, December 9th 2011 - 06:58 UTC

  European banks must increase capitalization to 114.7bn Euros by next June

  

  Europe's banks must increase their capital by 114.7 billion Euros, more than predicted two months ago, to make them strong enough to withstand the Euro zone debt crisis and restore investor confidence, Europe's banking watchdog said.

• Saturday, May 28th 2011 - 00:36 UTC

  Uruguay successfully floats Samurai bonds; warnings of economy over-heating

  

  Interest for Uruguayan ten-year bonds in Yens more than doubled the issue equivalent to 490 million US dollars. The bonds are guaranteed by Japan Bank for International Cooperation with a 1.6% yield.

• Sunday, January 30th 2011 - 20:57 UTC

  President Chavez Denies Plan to Nationalise Bank

  

  Venezuelan President Hugo Chavez has said that he has no plans to nationalise the Banco Provincial, the Venezuelan affiliate of Spain's Banco Bilbao Vizcaya Argentaria, or BBVA.