We're not saying it's going to happen tomorrow, but we think there's about a 20 to 30 percent probability it (Lloyds) might get taken out in the next few years.
Steven Hayne
tomorrow probability
BBVA could pay up to about 650p for Lloyds and still enhance its earnings by about 10 percent in year one.
RBS was the big story but there was a constant focus from all the banks saying they need to maintain capital focus -- linked to trying to demonstrate that they have strong organic growth opportunities.
growth focus story strong opportunities banks big organic
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