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Stock impact report

Spain to Name Escriva New Central Bank Governor, Expansion Says [BNN Bloomberg (Canada)]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: BNN Bloomberg
The government is set to announce the new central bank head on Wednesday. Economy Minister Carlos Cuerpo has requested to address lawmakers on the economic committee to unveil the appointment, according to an agenda posted on the parliament's website. The choice of the new Bank of Spain governor has been delayed because Prime Minister Pedro Sanchez's executive and the People's Party, its main opponent, have failed to reach an agreement on a candidate. Although it's the government's prerogative to pick the governor, Spanish tradition dictates that it is done together with the opposition, who names the deputy. Sanchez's team had already proposed naming Escriva, but the PP had said it's against giving the job to a serving minister. Escriva is a former European Central Bank official, who has also worked for Spain's central bank and Banco Bilbao Vizcaya Argentaria SA, one of the country's largest lenders. The government has suggested it wants the new policymaker to be able to attend Show less Read more
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