Lionel Laurent, Columnist

Bank Cries Wolf on Bonuses

Limits on technologists' bonuses shouldn't hinder BBVA's hiring plans.

August 22, 2016 at 11:58 AM UTC

Lionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe. Previously, he was a reporter for Reuters and Forbes.

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Banking is so yesterday, at least according to BBVA's chairman, Francisco Gonzalez. “BBVA will be a software company in the future,” he said last year, in a nod to his booming number of mobile customers.

It’s only fitting, then, that the Spanish lender should lead the charge against the European Union’s limits on bank bonuses -- not on behalf of its traders, of course, but its tech stars.