Search Results for: BBVA
HSBC settles $250 billion on blockchain
January 16th, 2019
According to a press release sent by HSBC Bank to the Financial Times and published in the newspaper on 15th of January, it settles $250 billion of Forex trades on the blockchain during 2018. HSBC, an international banking giant, uses ...
European stocks dropped on Tuesday; Investors monitor Brexit and Italian budget plans
November 27th, 2018
European stocks dropped on Tuesday, as investors monitored a number of political events including Brexit and Italian budget plans, and digested further comments from President Donald Trump. The pan-European Stoxx 600 was 0.3 percent lower with the various sectors ...
European banks exposed to Turkey’s currency crisis
August 14th, 2018
Turkey’s economic crisis poses a threat to European banks with business in the country. Spain’s BBVA, Italy’s UniCredit, France’s BNP Paribas, Dutch bank ING and Britain’s HSBC are the most exposed to Turkey and vulnerable to its free-falling currency. ...
Spanish banks move ahead with blockchain platform for digital IDs
June 21st, 2018
A consortium of Spanish banks is moving ahead with the development of a blockchain-based digital identity platform slated for live testing before the end of the year. Supported by eight companies (Abanca, Bankia, Caixabank, Caixa Ontinyent, Ibercaja, Kutxabank, Liberbank ...
Strategic partnership between Worldline and SIX consolidating European payments
May 24th, 2018
Worldline’s $2.75 billion deal to buy the payments unit of Swiss exchange operator SIX Group, announced on Tuesday, could herald more consolidation in the industry, SIX’s chairman told Reuters. France’s Worldline beat competition from U.S. bidders to land the ...
European banks stashing billions in tax havens
March 27th, 2017
Europe’s largest banks are draining public coffers by stashing billions of profits offshore. A 52-page report, by international aid agency Oxfam out on Monday (27 March), estimates €25 billion of banker money ended up in tax havens in 2015. ...
Plato Partnership announces 15 new Partners
March 7th, 2017
Plato Partnership, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, is pleased to announce 15 new Plato Partners. The new Partners announced today include: BBVA Asset Management, Capital International Ltd, part of the Capital Group, ...
Japan banks target fintech start-ups after law change
September 26th, 2016
Change to 5% ownership cap part of national effort to push financial technology Japan’s biggest banks are looking to pour hundreds of millions of dollars into fintech start-ups after the abolition of a law that prevented them from owning more than ...
European stocks and bonds fell in a volatile market on Monday
September 12th, 2016
European stocks and bonds fell in a volatile market on Monday, hit by growing concerns that global central banks’ commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programs may be waning. German Bund yields DE10YT=TWEB ...
Europe expected to retreat at open
August 2nd, 2016
European stocks were lower in morning trade Tuesday, dragged down by banking shares as worries about the health of the region’s lenders continued to weigh on sentiment. The pan-European STOXX 600 was down 0.71 percent. The banking sector was once again ...
