| Updated:
BBVA takes a hit on US goodwill
BBVA, Spain’s second-biggest bank, said it would take a €1bn (£825m) hit on 2011 net profit due to an adjustment in its goodwill, boosting capital by €400m. The goodwill adjustment in its US unit was due to the slow economic recovery and an expectation of low interest rates in that country, BBVA said yesterday.