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News Breaks | | | | April 30, 2012 | | 06:02 EDT |  | STD, BBVA | Spain's economy contracts for two consecutive quarters, WSJ reports
Spain's economy contracted again, the second quarter in a row, and the country's banking sector was hit with a widespread credit downgrade, adding more pressure on the government, reports the Wall Street Journal. Economists define a technical recession as two consecutive quarters of economic contraction. Reference Link | |
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News For STD;BBVA From The Last 14 Days Check below for free stories on STD;BBVA the last two weeks. |
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| May 16, 2013 | | 12:32 EDT |  | BBVA | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | May 13, 2013 | | 06:49 EDT | | BBVA | ECB member says negative deposit rates would help economy, Reuters says
 Subscribe for More Information | | | May 9, 2013 | | 10:08 EDT |  | BBVA | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 05:35 EDT | | BBVA | Banco Bilbao upgraded to Buy from Hold at Societe Generale
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