BBVA bonds weather scandal


The bonds of Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) remain a good investment, according to sell-side analysts, despite the investigations launched last month into alleged financial misconduct at the bank, and continuing volatility in Argentina.

The Spanish state prosecutor for anti-corruption, who is investigating the use of hidden trust funds by BBVA management, will indict 28 current and former executives of the bank, up from the initial 16 under investigation by the central bank

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