Violation Tracker Individual Record

Company: 
Banco Bilbao Vizcaya Argentaria, S.A.
Current Parent Company: 
Banco Bilbao Vizcaya Argentaria
Penalty: 
$27,000,000
Year: 
2016
Date: 
December 21, 2016
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Violation Description: 

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.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Spain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.