BBVA to proceed with Banc Sabadell takeover bid despite new conditions
Bank believes acquisition generates value despite Spanish government's three-year delay imposed on merger
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BBVA weighs withdrawing Banc Sabadell takeover or suing Spanish government
Acquisition approved under stricter conditions, raising doubts about its feasibility
Spanish regulator suspends trading of BBVA and Banc Sabadell shares
Decision made ahead of Economy Minister's appearance on possible government action over takeover bid
BBVA shareholders approve capital increase for Banc Sabadell takeover
President Carlos Torres says acquisition will be a 'success' and make bank 'more competitive'
BBVA launches hostile takeover bid for Banc Sabadell
Spanish government rejects move and warns of 'damaging' effect on financial system
Banc Sabadell turns down BBVA merger offer over valuation concerns
Catalan bank says proposal 'significantly undervalues' its project and growth prospects
BBVA bank looks to merge with rival bank Sabadell
Failed talks to integrate Basque and Catalan lenders also took place in 2020
BBVA and unions agree 1,001 layoffs in Catalonia
Bank will cut 2,935 jobs across Spain but unions claim there will be "no forced exits"
BBVA plans to lay off 3,800 workers, 16% of the bank's staff in Spain
Bank intends to close 530 offices, a few days after Caixabank revealed 754 people would be made redundant in Catalonia
BBVA and Banc Sabadell talks fail, merger ruled out
Disagreements over split of shares prevent formation of Spain's second largest lender
BBVA and Sabadell banks in merger talks to create Spain's second largest lender
Resulting banking group would have assets of €600bn, close to that of CaixaBank and Bankia
Catalan GDP forecast down over ‘uncertainty’ concerns, says top bank
BBVA lowers economic growth prospects for 2019-2020 and warns of long-lasting impact on international tourism
Spanish banks suggest they might leave Catalonia if it becomes independent
The Spanish Bank Association (AEB in Spanish) and the Spanish Confederation of Saving Banks (CECA in Spanish) warned about the “risks” of Catalonia’s independence. In an official announcement made this Friday, both associations assured that all banks with a presence in Catalonia “would face severe problems of judicial insecurity” in the event of a Unilateral Declaration of Independence after the 27-S elections. They outlined that “any political decision which would imply breaking the rules in force” would result in “exclusion from the EU and the Eurozone” for Catalonia. The Catalan Finance Minister, Andreu Mas-Colell, described the Spanish government as “being irresponsible” for pushing the banking sector to be against the independence of Catalonia. He regretted that such “a delicate sector” was used as an “artillery weapon”.