HALISTER: Google, Apple, Facebook to ‘Strongly’ Enter Banking Sector: BBVA

Google, Apple, Facebook to ‘Strongly’ Enter Banking Sector: BBVA

(Bloomberg) -- Internet players such as Google, Amazon, Facebook, Apple interested in banking sector, will enter sector “strongly” sooner than later, BBVA Chairman Francisco Gonzalez says.
  • Gonzalez speaks at AGM in Bilbao
  • Internet cos “probably stay on the margins of the industry because they don’t want to be regulated, but its a question of time for them to break-in to the sector in one way or another”
  • A lot of banks in the world, startups will dissapear, Gonzalez says
  • BBVA Chairman sees Mexico economy growing 1% in 2017
  • Mexico medium-long term potential “huge”
  • BBVA sees Turkey growing 2.5% in 2017
  • Turkey’s political situation complex, “we hope it will normalize gradually”
  • BBVA confident with its investment in Turkey in short, long term

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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