Lloyds would give them (BBVA) an established low growth bank with high market share. The deal logic is not compelling.
More Quotes from Simon Maughan:
The proposal represents one of Europe's most effective commercial banks seeking to continue exporting its know-how to markets where these skills can accelerate growth at targets. BNP expands this way worldwide.Simon Maughan
The key thing to note is the strength of the wealth management operations and the net new money inflows. The world is opening up now to UBS. There's money coming in from the Middle East, from Asia and China.
Simon Maughan
Macquarie prides itself on its entrepreneurial spirit. Macquarie in effect is run as a series of competing businesses. At times the management encourages different teams to compete for the same assets. They see it as healthy.
Simon Maughan
The structure of the results and the growth that was being delivered was very well flagged and rewarded post the pre-close statement.
Simon Maughan
What this is telling us is that pan-European consolidation is on hold until we see the creation of national champions.
Simon Maughan
Readers Who Like This Quotation Also Like:
Based on Topics: Logic QuotesBased on Keywords: bbva, lloyds
There can be no greater error than to expect, or calculate, upon real favors from nation to nation. It is an illusion which experience must cure, which a just pride ought to discard.
George Washington
I would rather be the candidate of the NAACP than the NRA.
John F. Kerry
The entire lower world was created in the likeness of the higher world. All that exists in the higher world appears like an image in this lower world; yet all this is but One.
Michel de Montaigne