Spain's BBVA swings to net loss on U.S. writedown and COVID-19 provisions

MADRID (Reuters) - Spain's second biggest bank BBVA reported a loss of 1.79 billion euros ($1.94 billion) in the first quarter after a writedown in the United States and provisions taken against the potential fallout from the coronavirus outbreak. Banks worldwide have been taking measures to offset risk amid the crisis. On Thursday, BBVA's fellow Spanish lenders Caixabank and Sabadell also reported steep profit declines due to provisions taken against the pandemic.BBVA said the goodwill..