BBVA Bullish on Simple’s Growth Despite $60 Million Writedown

#BBVA Compass, the U.S. subsidiary of the Spanish banking giant BBVA, purchased the neobank Simple almost three years ago for $ 117 #million. Since then, it has written down $ 89.5 million of that investment. $ 60 million of that came in a “goodwill impairment” in 4Q 2016. BBVA Compass held an earnings callRead More
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