Manuel Moreno Capa | “We need to re-think what principles and values we want to manage in the banking sector, and maintain a clear philosophy. We tell our teams that they can not attain their objectives at the cost of principles. The values are most important, and the objectives have to be subordinated to the values of the entity if we want to improve the reputation and image of the banking sector,” explains Bankia’s CEO José Sevilla.
Articles by The Corner
The Swiss population has rejected in a referendum on Sunday, with 74% of votes against, the popular proposal that would have limited the “creation” of money only to the National Bank of Switzerland.
The ECB could announce a short taper to December current week. The central bank has to be consistent if QE is ending this year and, hence, according to BoAML’s analysts it has to send a reaffirming message on three criteria: convergence, confidence, resilience.
Taking on the leadership of the Commonwealth is a boost for the country embattled in precarious Brexit negotiations and trying to reimagine its place in the world.
Carlos Arenillas | On June 10 there will be a referendum in Switzerland, something which is quite usual in this confederate State. But this one is particularly interesting. In this country, famous for its banks, the citizens will be consulted on a very sensitive issue: money.
Repsol´s new strategic plan up to 2020 envisages dedicating 2.5 billion euros to drive the growth in energy businesses with low carbon emissions and a dividend of 1 Euro by 2020. It will use the “scrip dividend” formula, combined with a programme of share buy back.
The sudden finding last week that Deutsche Bank’s operations in the US would need to be cut back as the Federal Deposit Insurance Corporation was worried about the bank’s local funds is disastrous news. The situation does not allow for a recapitulation of some kind.
The twentieth anniversary of the creation of the ECB coincides with renewed financial tensions in the Eurozone. According to Caixa Research, the irreversability of the single currency requires ambitious advances in the European project.
Santander Consumer USA, a subsidiary of the Spanish bank, has assured the US markets regulator (the SEC) that it is in talks with Fiat Chrysler about its plans in the US.
The potential upside of European shares is now an attractive +10% in AlphaValue’s valuations and +16% for the banks. The best upsides are in BBVA and Banco Sabadell, each with +40% on a 6-month horizon.