BBV is one of my favourite international banks. It's been clobbered during this credit bubble bursting but continues to have good capital ratios, very impressive dividend and is diversified in the Spanish/Latin global banking market.
I was in the UK during most of March and each business professional I met with talked confidently about how the US housing & credit woes wouldn't have a contagion effect on Europe or the rest of the world. I heard the usual buzz terms like "well capitalized", "strong lending practice" and "conservative consumer debt".
Its unfortunate but it looks as though "risk" is the word that is being redefined.
11 Stocks Selling Below Cash [View article]
Ireland's Ailing Banking Sector [View article]
Its unfortunate but it looks as though "risk" is the word that is being redefined.