Spanish BBVA is negotiating the formation of a three-way alliance with the Mexican banking group BANCOMER and Canadian BANK OF MONTREAL, an operation which would provide growth opportunities on the United States market, mainly in regions where many Mexicans live. In March, BBVA had announced a project aimed at acquiring 40% of the capital of BANCOMER through a capital injection of $1.2 billion. The project had been countered by the Mexican group BANAMEX who had launched a competitive...