The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco ...

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

Ruling prevents an immediate merging of the banks even if Spain’s bigger lender succeeds in its €13bn hostile bid ...

The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s ...

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

The European Commission officially challenged the Spanish government on Thursday over its attempts to hinder Spanish bank ...

BBVA, Spain's second-largest bank, and smaller rival Banco Sabadell have walked away from a planned merger after a price disagreement. The two lenders had confirmed a tie-up less than two weeks ago.

BBVA said on Tuesday it had approached Sabadell about a possible merger, ... Spain's BBVA takes aim again at $10 bln Sabadell. By Jesús Aguado. April 30, 2024 5:04 PM UTC Updated April 30, 2024 ...

BBVA and smaller rival Sabadell said they are in talks to create Spain's second-biggest domestic lender by assets, the latest move in the accelerating consolidation of the Spanish banking sector.

If a BBVA/Sabadell deal goes ahead, the new bank would have nearly 600 billion euros ($710.52 billion) in assets in Spain and a combined market value, based on Monday's closing share prices, of 26 ...

Spanish lenders BBVA and Banco Sabadell have called off merger talks after failing to agree financial terms, prompting Sabadell to consider options for its British unit TSB.

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