Bank Invaders Scale The Pyrenees

Two Spanish rivals race to do the first big cross-border merger

At Madrid's Banco Bilbao Vizcaya Argentaria, Pedro Luis Uriarte would love to be the first chief executive to make a major transborder bank merger in Europe. So would his crosstown rival, Angel Corcostegui, CEO of Banco Santander Central Hispano. Having carved up Spain and Latin America between them, the pair are now making the whole Continent their battleground.

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