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How Spain Is Politely Killing a Bank Merger
9 Articles
9 Articles
BBVA's president, Carlos Torres, considers that the government cannot tighten the conditions imposed in the Opa al Sabadell.
BBVA's president, Carlos Torres, has revealed that the government has let them see the results of the public consultation on the opa to Sabadell Bank and says that "an overwhelming majority" considers that the operation does not affect the general interest. "We have had access to the consultation data and perhaps should no longer make them public," he said in an interview in the 'More than one' program of 'Onda Zero', to point out that the "true…
How Spain Is Politely Killing a Bank Merger
Rather than moving to formally block Banco Bilbao Vizcaya Argentaria’s (BBVA) proposed acquisition of Banco Sabadell, the Spanish government is signaling that it is prepared to attach such a broad set of conditions—justified in vague terms as serving the “public interest”—that the deal would likely collapse under its own weight. It’s a kind of regulatory asphyxiation: a polite yes that functions as a strategic no. A formal decision by the gover…
BBVA's hostile opa could land in court if the government finally tightens the commitments accepted by the National Markets and Competition Commission...
BBVA users are happy. The bank has taken a firm step to further facilitate the use of Bizum within its renewed mobile app. A decision that is generating widespread applause among customers, as it suddenly eliminates unnecessary problems and steps when making instant transfers.With its new app, BBVA has wanted to demonstrate that it listens to its customers. That's why Bizum can now be used more directly, quickly and comfortably.BBVA achieves the…
BBVA is considering legal action if the Spanish government tightens the conditions of the takeover bid for Banco Sabadell. The bank's president, Carlos Torres, said this on Wednesday in an interview...
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