Spain's bank BBVA posted €9bn operating income at the end of the third quarter, with gross income up by 13.6% to €17.1bn.
With the number of Spanish mutual saving banks down by two-thirds, the consolidation of the mutual funds range available to selectors is accelerating.
Banco Bilbao Vizcaya Argentaria (BBVA), Spain's second biggest bank, posted a 58% profit decline at the end of H1, caused by the implementation of new government provisions to limit the bank's exposure to toxic real estate loans.
Pictet Wealth Management says it is able to build market share in Spain because of its ability to manage foreign accounts on behalf of local clients.
Eduardo García Hidalgo has been appointed global chief investment officer at Spanish BBVA asset management.
Over 40% of Spanish mutual funds come with capital or performance guarantees, and parent banks and cajas are having to make good on their promises.
In a gloomy context for European markets, Latin America represents more than a simple growth driver for Spanish banks, according to independent consultancy firm Velhon Partners.
What do you do when existing regulation threatens your most successful fund sector? According to the Spanish regulator, relax credit rating criteria for guaranteed funds.
Rating agency Moody's has downgraded 16 Spanish banks, based on rising concerns over the credit worthiness of the institutions and on the ability of the Spanish government to support them during the current crisis.
As the Spanish fund industry consolidates - and parent banks merge or are taken over - there will be fewer private bank fund selectors and changes to access third-party funds.
The prospects for Spain’s fund management industry are poised between a punishing downturn or a reasonably strong rally, according to M&G’s Ignacio Rodriguez
Fiscal and regulatory reforms announced by the new Spanish government have led market participants to rethink wrappers and product maturities, with growth and fund-linked products likely to benefit.
La banca española BBVA refuerza su presencia en Castilla y León con la apertura de un nuevo centro de banca privada en Valladolid.
Spanish investors have been redeeming fund investments through the financial crisis, but one sector is managing to attract interest.
BBVA Asset Management is to close BBVA Codespa Microfinanzas, the first hedge fund launched in Spain.
The worst of Europe’s debt crisis has passed and there will be no problems implementing measures agreed at the December 9 European Union summit, according to Francisco Gonzalez, president of the BBVA banking group.
People who expected European banks to offload asset management arms to meet mandated 9% tier one capital ratios by mid-2012 may be disappointed, as Credit Suisse analysts barely named such an action as likely among nine banks they highlighted in a report...
The past year's financial turmoil has intensified competition across Spain’s asset management industry as companies fight for a share of a diminishing wealth market, with both local and international asset managers under pressure.
News from: Pictet AM, Schroders, First State, Bloomberg, BBVA AM, BNY Mellon, SGSS and Banco Cooperativo
Spanish banking group BBVA has launched a new management and advisory service for its clients that combines remote access, personalized financial advice and virtual banking.
The most efficient size of fund and the question of whether to prefer large fund houses or boutiques is discussed by selectors such as Bruno Pennino at FinecoBank and Ansgar Guseck at Sauren.
The summer’s financial turmoil has intensified competition across Spain’s asset management industry as companies fight for a share of a diminishing wealth market cake with both local and international asset managers under pressure.
As the crisis in Europe threatens global economic recovery, investors are looking at more attractive alternatives in emerging markets and turning their attention to Latin America.
Spain’s financial institutions recovered quickly from their downgrade earlier this week which temporarily sent the country’s bank stocks sharply down as bank shares rose on hopes of an agreement to recapitalise Europe’s troubled banking sector.