
MADRID, May 24 (Reuters) - Spain's No.2 bank BBVA may sell its Latin American pension fund businesses, joining the ranks of banks looking to shed operations outside their main markets to reduce...
Wall Street Breakfast Editors submit: Top Stories H-P earnings top forecasts; confirms massive restructure. Hewlett-Packard ( HPQ ) shares jumped 8.9% pre-market after the company's FQ2 earnings beat expectations and it confirmed it would slash 27,000 jobs as part of a widely leaked restructuring
BBVA ( BBVA ) is considering the sale of its pension businesses in Latin America, calling it an attractive but non-core unit. BBVA is slow-boating it, saying the strategic review will take several quarters and a decision is unlikely to be made this year. Post your comment!
MADRID, May 24 (Reuters) - Spain's second largest bank, BBVA said on Thursday it is studying strategic alternatives to some of its non-core activities in Latin America, including the total or partial sale of its pension fund businesses.
May 22 - Fitch Ratings has affirmed BBVA Leasing 1 FTA's ratings, as follows: EUR750.0m class A1 notes: affirmed at 'BBsf'; Outlook Stable EUR1.606.2m class A2 notes: affirmed at 'BBsf'; Outlook...
May 18 (Reuters) - Moody's affirms the supported debt ratings of BBVA 's North American bank subsidiaries (Caryn Trokie, New York Ratings Unit)
Reduced creditworthiness of the Spanish sovereign...Rapid asset-quality deterioration." Santander ( STD ) and BBVA ( BBVA ) were cut but remain the most creditworthy of the nation's lenders. Opinion: How Spain can solve its banking crisis
Spanish stocks rebound from a sharp opening loss after rumors start to circulate about a possible ban on short selling of banks . IBEX 35 now -0.2% . In Spain, BBVA +3.8% . In U.S. premarket, Santander ( STD ) +4.5% . Post your comment!
May 17 (Reuters) - Moody's rates BBVA Bancomer's certificados bursátiles (Caryn Trokie, New York Ratings Unit)
By David White : Virtually all of the big European banks have large exposure to the PIIGS sovereign and/or commercial debt. All of these banks are in strong down trends since last summer. Deutsche Bank ( DB ) may be in Germany, but that does not make it immune. It has invested in the PIIGS along ...