Report: Spain's BBVA Considering Opening Digital Consumer Bank in Germany

Spanish bank BBVA is reportedly considering opening a digital consumer bank in Germany.In this effort, the bank will use existing technology to lower the cost of expansion, Bloomberg reported Monday (June 17), citing unnamed sources.BBVA did not immediately reply to PYMNTS’ request for comment.The project is led by the head of BBVA’s digital bank in Italy, Javier Lipuzcoa, and the bank is preparing a feasibility study and putting together a team that would lead the new unit, according to the report.This eff ...