BBVA aims for higher profits and capital distribution over the next four years based on underlying loan growth in its main ...

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.

According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking consolidation efforts.

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

This legal challenge follows Spain’s recent imposition of strict conditions on BBVA’s proposed takeover of its smaller competitor Sabadell. Last month, the Spanish government said it would only ...

BBVA said on Tuesday it had approached Sabadell about a possible merger, a deal which would create a Spanish bank with assets of nearly 1 trillion euros ($1.07 trillion) and a market value close ...

Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell SAB -1.13%, seeking another shot at a tie-up that could make it Spain’s largest bank after a previous ...

Now, BBVA said it would offer one newly issued share for every 4.83 Sabadell shares, an exchange ratio representing a 30% premium over the closing prices of BBVA and Sabadell on April 29.

"EU cautions Spain over review of BBVA’s €11bn Sabadell bid " was originally created and published by Retail Banker International, a GlobalData owned brand.

BBVA Seeks To Explore Possible Merger With Sabadell; Stock Down April 30, 2024 — 02:48 pm EDT Written by RTTNews.com for RTTNews -> ...

Sabadell’s mission of self-help is paying off, and last week’s strong second-quarter results appeared a good defense against the bid it rejected in May. But BBVA turned in even better earnings ...