
The Federal Reserve Board assessed a civil money penalty of $27 million against Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spai, and its subsidiary, BBVA Securities, Inc., New York, New York (BSI), for exceeding limits on bsi's securities underwriting and dealing activities previously imposed by the Board. For more info visit https://www.federalreserve.gov/newsevents/press/enforcement/20161221a.htm