Sheila Garrard
Sheila Garrard
adequacy although capital dealing operating position progress quality slightly trend
The operating trend is as I expected, although revenues are of slightly better quality. But it's disappointing that they haven't made progress in dealing with the capital adequacy position at this stage.
currently focused links looks mexican priorities trying
This one looks very unlikely. BBVA is currently focused on trying to get (Italy's) BNL. Its priorities after that are in the (southern) U.S. for links with its Mexican business.
good market
That's the kind of thing that they are good at and what the market would like them to do.
respond
I think they have to respond and I think they have to respond with cash.
exit eye feeling good looking reason regretted sector
I get the feeling they may have regretted that exit and they've probably been looking for a good reason to get back in with an eye on sector consolidation.