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BBVA aims for higher profits and capital distribution over the next four years based on underlying loan growth in its main ...
According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking ...
The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco Sabadell, a deal that would create one of the region’s largest lenders.
The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s freedoms of establishment and capital movements.
Ruling prevents an immediate merging of the banks even if Spain’s bigger lender succeeds in its €13bn hostile bid ...
The European Commission (EC) has taken legal steps against Spain, challenging its decision to block the BBVA and Banco Sabadell merger.
The European Commission officially challenged the Spanish government on Thursday over its attempts to hinder Spanish bank BBVA's hostile bid for smaller rival Sabadell .
Investing.com -- The European Union has initiated legal proceedings against Spain over its intervention in banking mergers, specifically targeting the government’s decision to block the merger between ...
Banco Sabadell SA’s chief executive officer said an acquisition offer by BBVA SA remains too low, leaving little prospect for plans to create a Spanish banking powerhouse.
Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.
Under Spanish law, the government cannot stop BBVA from buying Sabadell's shares, but it has the final word at a later stage on whether a merger goes ahead. BBVA decided to proceed with its bid ...
The Spanish bank expects to generate around 48 billion euros ($54.75 billion) in cumulative net profit in the years to 2028, supported by higher activity and market share gains in its core countries.