Business
sabadell
Business
Banc Sabadell may buy UK bank TSB, partially owned by Lloyds
Business
All Catalan banks pass European Banking Authority stress test with a wide margin
Politics
Trivialisation of Nazism by Spanish nationalists outrages German CDU and Catalan civil society
Business
Banc Sabadell completes the acquisition of the US JGB Bank in Florida for $36 million
Business
Investors are confident Spain and Catalonia will reach “an agreement” to avoid independence, says chairman of Banc Sabadell
Josep Oliu admitted in an interview that the bank “does not have a plan B” in case of a break-up of Catalonia from Spain. The chairman of the Catalan financial institution admitted that they do not contemplate the independence of Catalonia as a feasible scenario. “Reaching agreements, changing some things, giving in a bit, trying to find a settlement suitable for everyone, that’s what we are all hoping for”, Oliu said. Commenting on the state of the economy, the banker regretted that politicians in government in Spain and Catalonia seem to be “ashamed” of the economic policies that they are introducing, when they should “explain to people that they are reasonable”.
Sports
Kei Nishikori wins Barcelona Open Banc Sabadell 2014
Sports
Rafa Nadal competes for his 9th Godó Trophy against a strong lineup in Barcelona Open Banc Sabadell
Politics
Catalan President urges employers “to work together” on the economic recovery and self-determination process
Business
Banc Sabadell triples its net profit in 2013
Business
Catalan Banc Sabadell concludes the integration of Caixa Penedès’ business and becomes Spain’s 4th largest bank
Business
Catalan Sabadell Bank approves a capital increase of €1.4 billion
Business
Catalan Banc Sabadell has made €1.27 billion from the sale of 7,700 properties during the first half of 2013
Business
Banc Sabadell pays AEGON €450 million for 50% of the insurance company Mediterraneo Vida
The Catalan financial entity Banc Sabadell reached an agreement with the Dutch insurance company AEGON on Friday to buy 50% of the shares of Mediterráneo Vida, S.A. de Seguros y Reaseguros, the joint venture originally established with Caja de Ahorros del Mediterráneo. The operation is on the condition that they receive the green light from the regulatory authorities. The transaction will allow Banc Sabadell to own 100% of Mediterráneo Vida, S.A. With the operation, the Catalan bank will move forward in the organisation of its insurance subsidiaries and affiliates.
Business
Lloyds buys 1.8% of Banc Sabadell by transferring its Spanish subsidiaries to the Catalan bank
The Catalan Banc Sabadell has bought all the shares in the Lloyds subsidiary companies in Spain: Lloyds Bank International and Lloyds Investment. Banc Sabadell paid €84 million that will be paid through giving 53.75 million shares in the Catalan bank to the British banking giant. This way, Lloyds will control 1.8% of Banc Sabadell’s total shares. The agreement foresees than the UK group will become a “stable shareholder”, since Lloyds has committed to keeping the stocks for at least two years. With the operation, the Catalan bank will control the Lloyds retail and investment businesses in Spain, where the UK company has 28 branches, €1.79 billion in loans and €760 million in deposits.