trending Market Intelligence /marketintelligence/en/news-insights/trending/Ll52ilWFtXMsnKkoWN7Gnw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

BBVA to book $1.5B impairment charge on US unit

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

BBVA to book $1.5B impairment charge on US unit

Banco Bilbao Vizcaya Argentaria SA expects to make a negative adjustment of roughly $1.5 billion to the value of the goodwill in its U.S. unit, citing a slowdown in the country's economy and declining interest rates, particularly during the second half.

The Spanish lender said the impairment charge will also result in lower-than-expected future profits compared to previous estimates, but will not affect its tangible net equity, capital, liquidity or its capability to distribute dividends, as well as the amount of dividend payment to be proposed to its board for approval.

BBVA will book the charge in euros in its full-year 2019 results, noting that it has informed Spanish regulator CNMV of the development.