MEXICO'S MEGA MERGER.Spain's Banco Bilbao Vizcaya Argentaria (BBVA BBVA Banco Bilbao Vizcaya Argentaria (First Bank of Spain) ) will merge its Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum operations with Bancomer to create Mexico's largest bank. BBVA will inject in·ject v. 1. To introduce a substance, such as a drug or vaccine, into a body part. 2. To treat by means of injection. US$1.2 billion into the new bank--Grupo Financiero BBVA-Bancomer--in exchange for operating control and an initial stake of about 30%. The bank will boast about 2,000 branches and some US$36 billion in assets. The merger, expected to be completed by the end of the second quarter, is subject to Mexican and Spanish regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . |
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