BBVA launches hostile takeover bid for Banc Sabadell
Spanish government rejects move and warns of 'damaging' effect on financial system
Spanish government rejects move and warns of 'damaging' effect on financial system
Catalan bank says proposal 'significantly undervalues' its project and growth prospects
2 million euros in earnings also tied to sale of troubled assets and restructuring plan
Disagreements over split of shares prevent formation of Spain's second largest lender
Resulting banking group would have assets of €600bn, close to that of CaixaBank and Bankia
CaixaBank and Banc Sabadell make 67% and 72% less in the first half of 2020, while Spanish GDP collapses 18.5%
Banc Sabadell earns €532 million so far this year, a rise of 341%
Rise attributed to strength of core business, while Banc Sabadell registers 54% fall in gains last year
Madrid regrets "important damage" caused to economy after referendum
Ara newspaper says state authorities and crown put orchestrated pressure on firms to flee the country immediately after October referendum
Ara newspaper says state authorities and crown put orchestrated pressure on firms to flee the country immediately after October referendum
CaixaBank and Banc Sabadell close 2017 with big turnover, despite crisis between Catalonia and Spain
Spanish government preparing new law to facilitate relocation of companies and banks outside of Catalonia