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

By Jesús Aguado MADRID (Reuters) -BBVA aims for higher profits and capital distribution over the next four years based on ...

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

Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell SAB -1.13%, seeking another shot at a tie-up that could make it Spain’s largest bank after a previous ...

The European Commission (EC) has taken legal steps against Spain, challenging its decision to block the BBVA and Banco Sabadell merger. According to the EC, Spain's actions contravene European ...

The board of Spain's Banco Sabadell on Monday rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, Sabadell said in a statement to the Spanish ...

The Spanish bank expects to make around 48 billion euros ($54.75 billion) in cumulative net profit in the four years to 2028.

From the perspective of BBVA's management, "the merger represents a unique opportunity to create one of the most competitive and innovative banks in Europe." Upon completion of the transaction, ...

BBVA said on Tuesday it had approached Sabadell about a possible merger, a deal which would create a Spanish bank with assets of nearly 1 trillion euros ($1.07 trillion) and a market value close ...

Spain’s second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant.

By Elena Vardon The European Union began proceedings against Spain over its intervention in banking mergers after the government blocked the legal combination of BBVA and Sabadell for at least ...