Spanish banks to penetrate U.S. market

After making significant inroads in Latin America in the 1990s, then the British markets this century, Spanish banks now are firmly committed to penetrating the U.S. market.

A group of experts meeting at a conference held in Miami recently predicted that the Spanish financial institutions’ successful business model can be implemented in large part in the United States.

“There’s a business opportunity - due to the maturity of the Spanish banks and their extraordinary level of competitiveness - to open an important niche in the United States,” Fernando Perez-Hickman, chairman of the board of Miami’s TransAtlantic Bank, a subsidiary of Spain’s Banco Sabadell, told Efe.”*

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