Search for growth fuels urge to merge

With private banking contributing anything up to 20% of global bank profits, capturing market share through mergers and acquisitions is a preoccupation of wealth managers.

North of the border, down Mexico way

As it looks to keep pace with rival Banco Santander, Spanish bank BBVA is setting its growth sights on the Hispanic market in the US - at the outset Mexicans in California and Texas - rather than Europe.