<p style="text-align: justify;">U.S. stock exchange regulators asked Spanish bank BBVA to explain the presence of an employee in Havana, El País reported. Like those of many other foreign multinationals, BBVA shares trade on the New York Stock Exchange. American Depository Shares on U.S. stock exchanges help companies raise capital in the United States and add prestige.The Securities and Exchange Commission was prompted into action by an annual report in which BBVA states it operates a small office in Cuba. BBVA has had a presence in Cuba since 1995.
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