In a world where geopolitics is at an inflection point, where work is done with little room for foresight, where we have to deal with scenarios with greater social polarization, less consensus and more unilateral decisions, non-profit organizations become the only light of hope for the groups that suffer the most. “Managing to remain firm […]
Tag: bank
LAS PALMAS FOOD BANK
“Volunteering is so rewarding, it gives you wings”LP/DLP In a world where geopolitics is at an inflection point, where work is done with little room for foresight, where we have to deal with scenarios with greater social polarization, less consensus and more unilateral decisions, non-profit organizations become the only light of hope for the groups […]
Plata, the new digital bank that is looking for one million clients in Mexico | Economy
The story of Plata cannot be understood without Russia's military offensive in Ukraine. The start of the war, in February 2022, forced hundreds of companies and thousands of professionals to exodus. The financier Neri Tollardo (Treviso, 32 years old) worked at the time at the main Russian digital bank, Tinkoff Bank. However, at the rate […]
The Bank of Spain will require banks to provide an additional capital buffer of 7.5 billion against future crises
Although there are still no clouds on the horizon that would allow us to suspect any type of new economic or financial stormthe Bank of Spain has decided to anticipate and has announced that it will require financial entities to, starting in the fourth quarter of 2024, begin providing a new 1% capital buffer (about […]
When you can't even be a hostage to a bank
Good morning! How is the week going? We once again have the bittersweet taste that good macroeconomic data gives that later do not have as much translation to various sectors of citizens. The European Commission has improved the growth forecast for the Spanish economy for 2024 to 2.1% and has reduced the deficit to 3%. […]
The Bank of Spain warns that young people accumulate less and less wealth | Economy
The Bank of Spain warns that young people now have less capacity to accumulate wealth and that this may leave them in a more vulnerable situation in the face of future economic shocks. The Family Financial Survey, which the organization published this Tuesday with data going back more than 20 years, allows us to compare […]
The drop in rates and the rise in technological costs reopen the door to bank mergers
The number of banks with a significant size in Spain has decreased from 45 to 10 since the outbreak of the Great Financial Crisis in 2008. Most of it was due to the merger of entities with issues -in many cases nationalized- that were absorbed for more solid ones: it happened between 2009 (intervention by […]
Bank of Spain in Valencia | The most armored building in Valencia
This building, which since 1918 has greeted pedestrians crossing the center of Valencia, hidden under the shadow of the trees on the sidewalk of Barcas Street where it stands, acts like our own Everest: you can access the secrets it hides. … choosing from a rich diversity of aspects, although it must be accepted that […]
The Bank of Spain raises the deficit of new homes in the Region of Murcia to almost 30,000
The deficit of new construction homes in the Region of Murcia is a reality that the Bank of Spain estimates at nearly 30,000 residences, according to data collected in the 2023 yearbook that was published a few days ago by the financial institution. … This report includes a comparison between the creation of new homes […]
The decalogue of the Bank of Spain to make housing cheaper
In its recent 2023 annual report, the Bank of Spain performs a thorough x-ray on the housing situation in Spain: one of the biggest problems facing a growing part of the population. The institution's document combines purely descriptive analysis – why housing has become so expensive in recent years – with prescriptive analysis – what […]