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Initiative part of bank's $11 billion commitment
- Role: Goff replaces former president Dan Brown, who has joined the bank's local board of directors in his retirement
- CFO: Bond holds a solid background in wealth management services that dates back to 2005
- CEO: Knudson holds more than a decade of experience in the financial industry, including serving as bank market president for the Inland Empire
MADRID, Nov. 28, 2018 /PRNewswire/ -- The Board of Directors of BBVA (NYSE:BBVA) approved the succession plan for the company's Chief Executive Officer (CEO).
- Five finalists: Michelle Corson with On the Road Lending (Dallas), Gabriel Garcia with 400 Voices (Houston), Deidre Mathis with Wanderstay Hotels (Houston), Scott Bennett with Skratch (Dallas) and Helaine Blum with Pathlight HOME (Orlando, Fla.)
- BBVA Group Executive Chairman Francisco González presented 'The Age of Perplexity' - the tenth installment of OpenMind's book series - at the Atlantic Council in Washington DC.
HOUSTON, Oct. 30, 2018 /PRNewswire/ -- Quarterly net income totals $175 million Net income up 34 percent from a year ago and 39 percent on a year-to-date basis Return on average assets and return on average tangible equity 1 for the quarter were 0.
BBVA Wealth Solutions launches new investment product SmartPath® Digital Portfolios
- Diversity and Inclusion: Business Resource Group supports bank's Workplace Diversity and Inclusion initiatives
- Elite group: BBVA Compass awarded twice over for prowess in "ease of use" and "customer service"
- Game: Houston Rockets faced off against the Memphis Grizzlies in Birmingham's first professional basketball game in 12 years.
- Ribbon Cutting: Featured many prominent figures in the Birmingham area, including city leaders, bank representatives, former basketball players, and current Houston Rockets players.
- BBVA Compass received its second award for its wellness program from the American Heart Association.
- Consecutive Honor: Houston named as one of American Banker's Women to Watch for third consecutive year
Spillover from a Turkish currency crisis is potentially limited to a handful of banks.
Goldman Sachs, the Wall Street firm, lists $2.53 billion of "net exposures" to Turkey. But that figure is dwarfed by the Spanish bank BBVA's 73 billion euros ($83 billion) of assets in the country.
As the contagion in Turkey is grabbing headlines and sinking share prices across European banking stocks, analysts say Deutsche Bank's slide has more to do with other factors.
Turkey's lira fell to a fresh all-time low against the dollar overnight, extending its losses since July past 51%, as the country's economic crisis threatened to spillover into markets all over the world.
Turkey's currency crisis deepened Monday, sending the lira to a fresh all-time low against the dollar, amid what President Recep Tayyip Erdoğan has called an "economic war" against the nation.
Turkey's lira has fallen to a record low against the dollar, and its $860 billion economy -- four times the size of Greece -- is teetering on the edge of a full-blown financial crisis.
Turkey's economic crisis threatened to spill over into the global financial markets Friday as the lira plunged to a fresh all-time low, sending safe-haven assets, including the U.S. dollar, notably higher and hitting stock markets all over the world.
This has put downward pressure on Turkish sovereign debt.
Catalan parliament formally proposes independence as Spain votes to take direct control of the region.
Sabadell and CaixaBank had already announced that they planned to move their headquarters out of Catalonia
The highest U.S. court ruled that CalPERS waited too long to sue banks that underwrote billions in debt securities offered by Lehman Brothers, whose collapse froze global credit markets.
Spanish bank stocks gained in the wake of the ECB's arranged rescue of Banco Popular by Banco Santander Wednesday as investors bet that a consolidation could improve sector profitability.
President Donald Trump's tax plan left markets reeling from disappointment Thursday while corporate earnings were mixed
Banco Popular stock fell sharply Thursday after first-quarter results from a key competitor brought investors' attention to net interest income levels in the Spanish market.
Goldman shares are vulnerable and modern banks are uninvestable, according to Berenberg, which advises dumping at least sixteen of Europe's lenders as well as the heaviest weight on the Dow.
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