BBVA (BBVA.MC) warned of a tougher business environment in Mexico this year while the Spanish bank's largest market adapts to the policies of U.S. President Donald Trump.
A 14 percent fall in the peso over the past year, on concerns Trump could rip up a free trade deal with his southern neighbor, contributed to a drop of nearly 30 percent in fourth-quarter profit at BBVA on Wednesday.
Almost half the profits at Spain's second largest bank are from Mexico, which has offset recent weakness at home for BBVA.
CEO Carlos Torres Vila said BBVA's . . .
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