pensiones playita

Spending on pensions reaches record €12,668 million in February, 6.2% up on February 2023

Social Security allocated a record €12,668 million to the payment of the ordinary monthly payroll of contributory pensions in February, 6.2% more than in the same month in 2023, according to the Ministry of Inclusion, Social Security and Migration, which reported on Tuesday. Following the rise in pensions in line with the CPI applied since the beginning of the year, the average retirement pension increased by 4.8% year-on-year in February,…

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Crédito y CauciónCrédito y Caución
green new deal

Lagarde points to broader Capital Markets Union and venture capital to promote energy transition

Banca March| Christine Lagarde has spoken out on independence and investment strategies in the eurozone. On the one hand, she stressed the need to be more self-sufficient in energy, by boosting investment in renewable energies such as green hydrogen and a smart grid system. The leader of the ECB provided numbers that would favour greater progress: 620,000 million euros per year in climate objectives and 125,000 million in the digital…

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Banner CIR, junio 2022

fed edificio

US banks ready to use Fed funding mechanism, Standing Repo Facility, that has been dormant for over two years

Norbolsa| Banks are finally signing up for a US Federal Reserve funding mechanism that has been largely dormant for more than two years, putting them in a stronger position to cope with any stress. It is unclear, however, whether they will want to use it in the event of a crisis. The Standing Repo Facility allows banks to borrow emergency overnight cash from the Federal Reserve through a repurchase agreement,…

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interviews

Indexa

“In banking funds, there are sales targets and conflicts of interest”

Fernando Rodríguez| “The big picture of Indexa is that we aspire to be the leading independent asset manager in Europe” says Ramón Blanco, founder and director of Indexa Capital Group Q- What is the equity story or investor proposition of Indexa’s shares?A- What is listed is Indexa Capital Group, and underneath it hang three operating companies: Indexa Capital – a broker-dealer, the French insurance broker Indexa Courrier d’assurance and the…

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JordiGual

“How many mobile operators are there in the United States? Three. How many are there in Europe? We are almost in triple digits”

According to Jordi Gual, director of Telefónica Brazil and chairman of VidaCaixa, the biggest problem of the single European market is precisely that, “we still don’t have a single market. Neither in banking, nor in energy, nor in telecommunications… Nor have we created a single risk-free European asset, which is fundamental in the financial markets”. In the next issue of Consejeros, the former chairman of Caixabank gives his forecast for…

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