Spanish bank goes to Texas
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Spain&#39;s second-largest bank BBVA on Tuesday agreed to buy Texas-based financial services group Laredo National Bancshares for $850 million, driving further toward a long-standing goal to build up a US presence.
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The country's third-largest bank flexes its muscles.
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SPAINâs Banco Santander Central Hispano is conducting a beauty parade of investment banks to sell the life businesses it will acquire as part of its Â£8 billion takeover of Abbey.
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Spanish bank Banco Santander Central   Hispano SAN.MC will pay $651 million to buy a 90 percent   stake in U.S. auto financing company Drive Financial Services,   it said on Monday.
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Spain's Banco Santander Central Hispano has the backing of the Abbey National board to accelerate its 8.3 billion pound bid for the UK mortgage bank, the Financial Times says.
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Santander Central Hispano SA, the largest bank in Spain and Latin America, almost doubled third- quarter profit on gains at its European consumer lending business and from selling a stake in Royal Bank of ...
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Spain's BBVA has reached an agreement to acquire privately held Texan bank Laredo National Bancshares (LNB) for $850 million as part of the Spanish financial group's expansion into the United States, BBVA said ...
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Banco Bilbao Vizcaya Argentaria, the No.2 Spanish bank, agreed Tuesday to buy Laredo National Bancshares for $850 million to gain more customers in the US Southwest.
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A Texas high school band is offering its services on eBay to raise money for a trip to Arizona. So far no one&#39;s placed the starting bid of 49-hundred-99 dollars.
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Prosecutors indicted a Korean bank and a Belgium-based holding company owned by Lone Star Funds, an American private equity group, on charges of stock price manipulation in connection with Lone StarÂs 2003 acquisition of the bank. Lone StarÂs vice chairman, Ellis Short, and its general counsel, Michael Thomson, already face charges of spreading false information to weaken the stock price of the Korea Exchange BankÂs credit card unit before it was bought by Lone Star. The new charges are against the bank and LSF-KEB Holdings, a paper company based in Brussels that Lone Star set up in 2003 to take over the bank, according to Chae Dong-wook, a senior prosecutor. Officials of the bank and other Lone Star officials declined to comment.
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LONDON Santander Central Hispano of Spain looked certain to clinch its bid for the British mortgage lender Abbey National, after HBOS, Britain&#39;s biggest home-loan company, said Wednesday it would not counterbid, and after the European Commission cleared
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ON THE ROAD -- The Weather Channel says it's the size of Texas.
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Banco Bilbao Vizcaya Argentaria SA, which agreed to buy Laredo National Bancshares Inc. for $850 million, plans to keep Chairman Gary Jacobs in place at the Texas- based lender and to back his expansion strategy.
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Lone Star Funds, the buyout firm founded by John Grayken, plans to sell a stake in Korea Exchange Bank for as much as $1.1 billion after its move to divest entirely was derailed last year by a legal dispute. Lone Star is offering 73.1 million shares, or 11.3 percent of Korea Exchange, for 13,150 to 13.750 won ($14.19 to $14.84) a share, according to an e-mail message sent to fund managers by the Credit Suisse Group, the investment bank arranging the sale. Shares in Korea Exchange fell 1.7 percent, to 14,600 won, up 14 percent this year. Lone Star, based in Dallas, has struggled for two years to sell the controlling stake it bought in 2003 as Korean prosecutors contend that the firm purchased the shares at an artificially low price. The sale of part of the Seoul-based bank would allow Lone Star to return money to investors while the case is pending and retain a majority stake.
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Spainâs second-largest bank will depend on North America for 10 percent of its earnings after it completes the purchase of 622 new U.S. branches.
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Spain's biggest bank Santander Central Hispano has completed its takeover of Abbey Nationalin a deal with a current market value of almost $18 billion (9.7 billion pounds). Santander's share price has risen ...
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NEW YORK -- Once relegated to the lower rungs of the US economic ladder, Hispanics are emerging into a new era of affluence, and bankers and investors are taking notice.