BREAKINGVIEWS-Santander could beat BBVA to the American dream

By Fiona Maharg-Bravo

LONDON, Aug 27 (Reuters Breakingviews) – Spain’s rival
banking giants have both made the United States their next
frontier, yet are following radically different strategies.
While it’s too soon to be sure who will come out on top,
Santander’s (SAN.MC: ) strategy looks more convincing.

A considered view will be published shortly.

CONTEXT NEWS

— Santander has restarted talks in recent weeks with M&T
Bank (MTB.N: ) over a merger of the U.S. operations of the Spanish
lender with the regional bank based in Buffalo, New York,
according to the Financial Times.

— The author is a Reuters Breakingviews columnist. The
opinions expressed are her own —

— For previous columns by the author, Reuters customers can
click on [BRAVO/]

(Editing by Andrew Macdonald and David Evans)

BREAKINGVIEWS-Santander could beat BBVA to the American dream