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As BBVA quits US retail, pressure mounts on European peers to do likewise

Blog Blog Blog Blog 10 Dec, 2020 Author Jennifer LaidlawZain Tariq The American dream has not come true for European banks. Unable to generate the level of profits enjoyed by their U.S. rivals, some of Europes large lenders are exiting or scaling back their stateside retail operations. Spains Banco Bilbao Vizcaya Argentaria SA is selling BBVA USA Bancshares Inc. and BBVA USA to PNC Financial Services Group Inc., while London-based HSBC Holdings PLC i...
United States City Of United Kingdom Banco Bilbao Vizcaya Argentaria Johann Scholtz Christopher Whalen

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