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BBVA

Spain's BBVA opens Bitcoin trading service to clients in Switzerland
Business & Finance

Spain's BBVA opens Bitcoin trading service to clients in Switzerland

  • BBVA said that during a gradual roll-out it had detected a "significant desire" among investors for crypto-assets or digital assets to diversify their portfolios despite their volatility and high risk.
  • BBVA said it was limiting this new cryptocurrency service to Switzerland because the country has clear regulation and widespread adoption of digital assets.
Published 18 Jun, 2021 05:20pm
BBVA says will invest additional cash from US sale to cut costs
Business & Finance

BBVA says will invest additional cash from US sale to cut costs

  • "This additional capital opens the door to profitable growth, and allows us to invest in further cost reduction, and to become more efficient in the markets in which we operate, strengthening our leadership position," Torres told a remotely held shareholders' meeting.
  • BBVA has started talks to cut staff in Spain to better cope with stubbornly low interest rates and a shift towards online banking.
Published 20 Apr, 2021 05:44pm