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Banco Bilbao Vizcaya Argentaria

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Spain's Bankia to Sell Florida Bank to Chile's BCI for $882.8 Million

Spain's Bankia SA (BKIA.MC) said Friday it has agreed to sell a small bank in Florida to Chilean bank Banco de Credito e Inversiones SA (BCI.SN) for $882.8 million, in the latest sign of a shift in trends in the financial-services industry across the Americas.The sale of Miami-based City National Bank of Florida comes as banking heavyweights in developed economies are retreating while Latin American banks expand across the region, seeking to complement growth at home or to take advantage of the financial weakness at European and U.S. banks.The deal forms part of Bankia's plan to shed assets to boost capital ratios and restructure its business, which suffered when a decade-long real-estate bubble in Spain burst. Authorities from the European Union, which had to inject billions of euros into Spain's ailing banking system to cover property-sector losses, have required nationalized banks such as Bankia to take such measures."We're likely to continue to see acquisitions in this industry, bu...

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    China Citic Bank Corp. (0998.HK) said Friday that first-quarter net profit rose 7.7% from a year earlier on the back of growth in net interest income and fee income....

  3. BBVA Plans Roadshow for Potential Undated Subordinated Bond

    Spanish lender Banco Bilbao Vizcaya Argentaria SA (BBVA) is planning to meet with investors ahead of a potential subordinated bond sale, one of the banks organizing ...

  4. BBVA 1Q Net up 73% on Extraordinary Gains

    Banco Bilbao Vizcaya Argentaria SA (BBVA) Friday reported a 73% increase in first-quarter net profit, driven by extraordinary gains due to asset sales and resilient ...

  5. BBVA 1Q Net Profit up 73% on Extraordinary Gains

    Banco Bilbao Vizcaya Argentaria SA (BBVA) Friday reported a 73% increase in first-quarter net profit, driven by extraordinary gains due to asset sales and resilient ...

  6. EARNINGS FORECAST TABLE: BBVA 1Q 2013

    The following is a summary of analysts' forecasts for Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) first-quarter results, based on a poll of eight analysts conducted...

  7. BBVA Sells Peruvian Pension Unit to Sura, Bank of Nova Scotia

    Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC), the Spanish banking giant, is exiting the Peruvian pension fund business as part of its efforts to focus on its c...

  8. Mexican Financial Group Banorte Expands Credit in 1st Quarter

    Mexico's Grupo Financiero Banorte SAB (GFNORTE.MX, GBOOY) said Tuesday its first-quarter net profit jumped 27% to 3.14 billion pesos ($256 million) as the bank poste...

  9. Mexico to Unveil Bank Reform Tuesday in Effort to Boost Lending

    Mexican President Enrique Pena Nieto plans to present a broad financial-reform proposal early Tuesday that aims to raise Mexico's low rate of lending to the private ...

  10. BBVA Completes Sale of Stake in Colombian Pension Fund Manager

    Banco Bilbao Vizcaya Argentaria SA (BBVA) said Thursday it has completed the sale of its stake in a pension fund management firm in Colombia, BBVA Horizonte Sociedad...

  11. Mexico Financial Reform Seen Improving Credit Data, Collections

    Mexico is likely to create a universal credit bureau that adds information from government lenders and nonregulated entities to existing data from commercial banks a...

  12. BBVA Mexican Unit Teams With Franklin Templeton on Fund

    The Mexican unit of Banco Bilbao Vizcaya Argentaria (BBVA) has formed an alliance with fund manager Franklin Templeton Investments to offer an emerging-markets equit...

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    Foreign direct investment into Mexico rose in the first quarter of the year to $4.99 billion, largely as a result of reinvested profits by foreign companies in the c...

  2. Bank of Spain Finds Banks Hide Real NPL Ratio

    Bank of Spain inspectors have detected that the banking sector is hiding part of their clients' real nonperforming loans by refinancing them once and again, reports ...

  3. Bank Of Spain Finds Banks Hide Real NPL Ratio on Retail Mortgages -Report

    Bank of Spain inspectors have detected that the banking sector is hiding part of their clients' real nonperforming loans by refinancing them once and again, reports ...

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    Mexico's antitrust authority recommended Tuesday that Congress approve the government's proposed financial reform in an "expedited manner," as it sees the proposal b...

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    International companies trading in New York closed lower Thursday amid a batch of data on the U.S. economy that fell short of expectations and concerns that the Fede...

  6. Peru Gives Green Light to Chilean Pension-Fund Manager AFP Habitat

    Peru's government Monday gave the green light to Chilean pension-fund manager AFP Habitat SA to begin conducting business in the country.Peru's Superintendent of Ban...

  7. Riskier European Bank Debt Beckons as Bond Sales Tumble

    Investors in bank bonds, facing dwindling options for buying new European debt and under pressure to boost returns, are warming to riskier types of bonds that regula...

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