August 25, 2014
BBVA Compass Bancshares might be the latest financial institution to have its M&A aspirations stunted by compliance shortcomings, but it could be a bit of a blessing in disguise for the foreign-owned bank. In that regard, BBVA Compass' executives find themselves in perhaps a better situation than others; management is being told by regulators to fix issues while its M&A plans are still conceptual. It is unclear if the company had any deals lined up, but investment bankers said BBVA Compass was interested in M&A, but had been rather selective. "I'd say it is much better to figure this out now while you're thinking about M&A than to find a deal and then have egg on your face when regulators find issues," said Daniel Bass, a managing director of Performance Trust Capital Partners.