BBVA in Talks With Cerberus, One William Street on Loan Sales
The sales add to the so-called significant risk transfers recently carried out by BBVA in a effort to trim its balance sheet and generate capital as it bids for Spanish rival Banco Sabadell SA. That deal is close to a decision point and could imply a hit to capital for BBVA, Spain's second-biggest bank.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
23 minutes ago
- Wall Street Journal
Trump's New Tax Is in the Mail
Proponents of tax increases on others seldom like to pay them personally. Tariffs are no different. The White House claims its tariff revenue is coming from foreign countries, but Americans will soon pay new levies on small packages from abroad because of an executive order President Trump signed last week. On Aug. 29, the U.S. will end its de minimis exemption, which grants Americans a tax break for small mail-order purchases from abroad. For the first time since 1938, international packages will arrive with a tariff bill to be paid by the recipient. That means your next eBay purchase from Europe will incur a 15% tax. Your online coffee order from Brazil will face a 50% markup. And everyday purchases from Amazon Haul, or its Chinese competitor Temu, will come with a surcharge matching the tariff on its origin country. If a postal carrier isn't equipped to calculate the fee according to Mr. Trump's ever-changing tariff schedule, the new tax is a minimum $80 flat rate per package. In total, Mr. Trump's order will put tariffs on the estimated 1.36 billion packages that Americans receive every year from online purchases that were previously tax-exempt. Tax hikes are seldom rewarded at the ballot box. That's why the White House is trying to justify its order by saying the de minimis exemption is abused to send fentanyl and other synthetic opioids undetected. The vast majority of fentanyl smuggled into the U.S. comes from one country: Mexico. But Mr. Trump is ending the de minimis exemption for packages from all countries. Although fentanyl is a deadly drug, there's no evidence that taxing worldwide e-commerce will stop drugs from entering the U.S. Mr. Trump's new package tax is part of a global protectionist resurgence, and we've already seen the pitfalls of the strategy across the Atlantic. The European Union has been targeting Temu and Shein, another low-cost Chinese platform, under the guise of 'consumer protection.' The EU alleges that these platforms distribute 'illegal' goods. But, in many cases, 'illegality' means little more than failing to meet the EU's notoriously complex product-labeling regulations or falling short of its Byzantine labor and environmental rules.
Yahoo
42 minutes ago
- Yahoo
Alexander Isak: Liverpool handed huge transfer boost in striker pursuit as deal agreed
Liverpool's pursuit of Alexander Isak looks to be gaining momentum once more as the Reds were handed a big boost to their transfer war chest. The Premier League champions last week saw a £110million plus add-ons bid turned down by Newcastle for the Swedish international, and reports soon after claimed that interest in the striker then ended. However, that stance is now believed to have changed with Liverpool nearing a key sale to bolster their transfer kitty. According to widespread reports, Liverpool have reached an agreement to sell striker Darwin Nunez to Al-Hilal, who had made the Uruguayan their 'priority' target after missing out on Victor Osimhen, who made his loan move to Galatasaray permanent. Fabrizio Romano reports that the Saudi Pro League outfit are closing in on the signing of Nunez, in what would be a huge boost to Liverpool's chances of signing Isak. The Italian journalist detailed that the Reds would receive £46m plus add-ons for the forward. Not only does Nunez's prospective exit make room for another body in Arne Slot's striking ranks, it also brings in vital cash for Liverpool to tack onto their initial Isak offer as they prepare to test Newcastle's resolve once more. The Daily Mail reported previously that the Magpies were holding out for closer to £150m for their talisman, and funds brought in from Nunez will help Liverpool get closer to that figure. Liverpool have spent well over £200m this summer already, with the arrivals of Florian Wirtz, Jeremie Frimpong, Milos Kerkez, Hugo Ekitike, and Giorgi Mamardashvili.
Travel Weekly
42 minutes ago
- Travel Weekly
Celebrity Cruises reveals what's new in 2027 and 2028
The Celebrity Xcel will sail a second full Mediterranean season in the summer of 2027 while the Celebrity Edge will do an extended Alaska season. The Xcel, debuting this November, will be one of seven ships and three in the Edge class sailing in Europe in 2027 and 2028. Its Mediterranean sailings will range from seven to 12 nights. Other Celebrity ships sailing in Europe will be the Ascent, Apex, Eclipse, Silhouette and Infinity. The Infinity will sail the region year-round for the first time and do off-season sailings to the Canary Islands and Morocco. The Celebrity Millennium will homeport from Tokyo's Narita terminal for a second season with overnight stays in four Japanese cities. In Alaska, the Edge's season will include more sailings at the beginning and end of the season than in previous years. Celebrity soon will reveal the start and end dates for the Edge's Alaska season at a later date. The Celebrity Solstice and the Celebrity Summit will also return to Alaska. The Europe and Japan cruises are on sale; Alaska cruises go on sale Sept. 9.
