Heads up: Latin loaners

compass bank

If it’s not bad enough that Hispanics are taking over all of the crummy chicken processing jobs and day laborer positions, then you’d better sit down. Banco Bilbao Vizcaya Argentaria is buying Birmingham-based Compass Bank for a cool $9.6 billion. BBVA is the second largest bank in Spain.

We’re a little rusty on our high school Spanish. What’s Spanish for “layoffs”? Or “headquarters relocation”? After Wachovia’s takeover of Southtrust and the Regions-Amsouth merger, the Big Four of banking are no more. Says one Auburn University Montgomery economist, “The idea of Birmingham as a banking center is gone.” Heck, we just want our free toaster.
• Birmingham News: Compass bought for $9.6 billion

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Posted: Thursday, February 22, 2007, 10:35 pm, in Headlines.
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2 Yips for “Heads up: Latin loaners”

Curtis
Monday, February 26, 2007, 8:36 pm
1

That’d be “despidos” and “establece jefatura de la relocalización” (according to AltaVista’s Babel Fish) – smile
Wade
Thursday, March 1, 2007, 9:56 am
2

Show off.

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