A Spanish bank, Banco Bilbao Vizcaya Argentaria, will buy Hipotecaria Nacional, Mexico's biggest specialty mortgage lender, for $375 million to gain clients among less affluent home buyers in Mexico and the United States. The Spanish bank will make the purchase through its Bancomer unit, Mexico's largest commercial bank by assets, Banco Bilbao told regulators. Hipotecaria Nacional, with $2.15 billion in loans, is one of 17 pure mortgage lenders that focus more on blue collar clients. Hipotecari.

Big Holder Seeks Rest Of Bancomer Of Mexico

Spain's second largest bank, Banco Bilbao Vizcaya Argentaria, is offering to pay $4.1 billion to gain total control of Bancomer, Mexico's leading bank. Banco Bilbao already owns nearly 60 percent of the company, which controls a quarter of Mexico's banking. Bilbao will pay 12 Mexican pesos in cash for every Bancomer share, nearly 14 percent more than Bancomer's closing price on Friday. agreed to sell their combined stake of more than 92 percent in Atlntico to Sabadell for 71.79 euros ($88.72) a share, 1 percent above its closing price on Friday, Sabadell said in an e mailed statement.

By EMMA DALY

Scandal of the sort that has hurt Banco Bilbao Vizcaya Argentaria, one of Spain's largest banks, will be ''psychologically impossible'' in the future, the bank's chairman said recently as he introduced a code of corporate governance. The chairman, Francisco Gonzlez, has been working to impose changes at the bank, which is the subject of a criminal investigation and a Bank of Spain civil inquiry into suspected tax fraud and falsifying of accounts. The criminal inquiry is also looking into po.

World Business Briefing Europe: Spain: cheap jerseys Bank Sells Stake

The second largest bank in Spain, Banco Bilbao Vizcaya Argentaria, agreed to sell a 24 percent stake in Metrovacesa, a real estate company, for 545 million euros ($512.9 million), helping offset losses from Argentina's currency devaluation. Bami, Spain's fifth largest real estate company, will pay Banco Bilbao 36.55 euros a share, or 59 percent more than Metrovacesa's closing price on Monday, Banco Bilbao said. Bilbao and Santander Central Hispano, Spain's two biggest banks, are speeding their . wholesale jerseys