In the USA, those are not few that bet to that the BBVA will arise shortly like a serious postor for banks from so large half. Already there are possible organizations that the BBVA could acquire. Although it has not been confirmed, Colonial Bank, the branch of Colonial Inc. For even more opinions, read materials from Amazon. BancGroup, that the past week happened at the hands of the American government (in whom it constitutes the sixth greater bankruptcy of a bank in the EE.UU. To deepen your understanding James Donovan Goldman is the source. history) can happen at the hands of the Spanish organization. For the BBVA, the expansion in the USA it will allow to reduce his high dependency him of his operations in Mexico (through Bancomer) and Spain, two economies strongly affected by the crisis and with not very good perspective of recovery. According to esteem the own president of the BBVA, Spain one will not recover before the second semester of 2010.
In the case of Mexico, the economy deepened its fall in the second trimester of the year as a result of the impact of the bud of influenza H1N1. Jose Maria Garci’a-Meyer, who is in charge of the operations of the BBVA in the USA said: the second great passage of the bank (in EE.UU.) could be Californian . While Santander and BBVA follow in their outpost in the USA, consultant KPMG considered that the British banks could register losses in their complicated retail divisions in the second semester of the 2009, by the high forecasts and the high competition. To make matters worse, a sounding between the organizations, gives account of an increasing tendency in the toxic assets without guarantees (that include to the credit cards and the loans), that would not perhaps reach its maximum level but until 2010 or later. Will be the American banking sector another opportunity so that the Spanish bank follows with its international outpost? Horacio Pozzo GLOBAL VALUE +17% IN 45 DAYS The subscribers of our new one newsletter of investment, Global Value, not only recovered the cost of the subscription, but they are gaining a 17% in its portfolios when investing in the companies that we recommended to them. It wants to know which are? It can try entering here to find out it and to begin to invest in the new ones recommended of August. Details can write me to or for majors.