Tag #Bbva

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cincodias.elpais.com

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May 29, 19:10

Spanish Court to Rule on Legality of BBVA-Sabadell Merger Consultation

Spain's National Court will examine the legality of a government-led public consultation regarding BBVA's takeover bid for Banco Sabadell, prompted by a law firm's challenge citing legal deficiencies; the court's decision could significantly impact future government involvement in corporate mergers.

Spanish Court to Rule on Legality of BBVA-Sabadell Merger Consultation

Spain's National Court will examine the legality of a government-led public consultation regarding BBVA's takeover bid for Banco Sabadell, prompted by a law firm's challenge citing legal deficiencies; the court's decision could significantly impact future government involvement in corporate mergers.

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How does the government's use of public consultation in this merger differ from typical practice, and what are the potential broader consequences?

This legal challenge highlights the unusual use of public consultation to evaluate a corporate merger's impact on public interest. The government's decision, influenced by five ministries, will determine whether to impose stricter conditions or block the merger, potentially setting a precedent for future M&A activity in Spain.

elpais.com

🌐 85% Global Worthiness

May 28, 07:12

Spanish Government to Decide on BBVA-Sabadell Merger by June 27th

The Spanish government will decide by June 27th whether to approve BBVA's takeover bid for Banco Sabadell, considering factors beyond competition, including potential job losses and regional economic impact; the CNMC approved the deal with conditions on April 31st.

Spanish Government to Decide on BBVA-Sabadell Merger by June 27th

The Spanish government will decide by June 27th whether to approve BBVA's takeover bid for Banco Sabadell, considering factors beyond competition, including potential job losses and regional economic impact; the CNMC approved the deal with conditions on April 31st.

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What are the potential long-term implications of this decision for Spain's financial sector and regulatory landscape?

The outcome will significantly impact Catalonia's financial landscape and employment. If the government blocks or severely alters the deal, it could set a precedent for future mergers and acquisitions in Spain. The BBVA's strategy may involve waiting for a more favorable government to allow the merger, showcasing the deal's inherent political complexities.

elmundo.es

🌐 75% Global Worthiness

May 21, 19:12

Sabadell CEO Rejects Merger Talks, Calls BBVA Takeover Undervalued

Banco Sabadell CEO César González-Bueno rejected rumors of merger talks with other Spanish banks to counter BBVA's takeover bid, citing the undervaluation of Sabadell shares in the offer and the disruption an additional corporate action would cause. He emphasized Sabadell's superior dividend policy ...

Sabadell CEO Rejects Merger Talks, Calls BBVA Takeover Undervalued

Banco Sabadell CEO César González-Bueno rejected rumors of merger talks with other Spanish banks to counter BBVA's takeover bid, citing the undervaluation of Sabadell shares in the offer and the disruption an additional corporate action would cause. He emphasized Sabadell's superior dividend policy ...

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What is the immediate impact of Banco Sabadell's CEO rejecting merger talks and his assessment of BBVA's takeover bid?

Banco Sabadell's CEO, César González-Bueno, has ruled out any short-to-medium term plans for further corporate actions, specifically dismissing rumors of merger talks with Unicaja and Abanca as a defense against BBVA's hostile takeover bid. He highlighted that such a move amidst an ongoing OPA would be highly disruptive. He also stated that the current BBVA offer undervalues Sabadell shares, offering less in dividends and share price appreciation.

elmundo.es

🌐 75% Global Worthiness

May 14, 04:12

Spain's Productivity Growth Slows Despite Robust Job Creation

Spain's productivity growth is slowing in the first quarter of 2025, decreasing by 38% from 2024's peak, although productivity per hour worked increased by 1.03% and capital productivity by 0.61%, remaining above pre-pandemic levels but below 2000 levels.

Spain's Productivity Growth Slows Despite Robust Job Creation

Spain's productivity growth is slowing in the first quarter of 2025, decreasing by 38% from 2024's peak, although productivity per hour worked increased by 1.03% and capital productivity by 0.61%, remaining above pre-pandemic levels but below 2000 levels.

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What are the immediate economic implications of Spain's slowing productivity growth, considering its recent trend of robust job creation?

Spain's productivity growth is slowing, decreasing by 38% from 2024's peak in the first quarter of 2025. Total Factor Productivity (TFP) increased by 0.9% year-on-year, while productivity per hour worked grew by 1.03% and capital productivity by 0.61%, both similar to the last quarter of 2024 but below previous levels. This slowdown follows a period of robust job growth alongside productivity increases.

elmundo.es

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May 9, 22:11

Catalan Organizations Urge Government Intervention in BBVA-Sabadell Merger

Nine major Catalan economic organizations sent a letter to Spanish Prime Minister Pedro Sánchez urging government intervention in BBVA's takeover of Banco Sabadell, citing concerns about economic power concentration in Madrid and negative consequences for regional businesses and territorial balance.

Catalan Organizations Urge Government Intervention in BBVA-Sabadell Merger

Nine major Catalan economic organizations sent a letter to Spanish Prime Minister Pedro Sánchez urging government intervention in BBVA's takeover of Banco Sabadell, citing concerns about economic power concentration in Madrid and negative consequences for regional businesses and territorial balance.

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What are the potential systemic implications of this merger regarding financial inclusion, regional development, and talent attraction in Spain?

The long-term impact of the merger, according to the organizations, could be a loss of strategic value for the business and educational fabric beyond Madrid, impacting talent attraction and academic-business-finance interaction. They also foresee the risk of financial exclusion for smaller businesses due to reduced banking presence and specialized services, hindering regional economic development and potentially exacerbating social inequalities. The claim that maintaining a dual corporate headquarters would be largely symbolic reinforces their concerns about actual decentralization.

elmundo.es

🌐 85% Global Worthiness

May 5, 16:13

Catalan Business Leaders Oppose BBVA-Sabadell Merger, Citing €70 Billion Credit Loss

Catalan business leaders strongly oppose the BBVA-Sabadell merger, citing a projected €70 billion credit reduction for SMEs and increased financing costs due to reduced competition, prompting a government public consultation.

Catalan Business Leaders Oppose BBVA-Sabadell Merger, Citing €70 Billion Credit Loss

Catalan business leaders strongly oppose the BBVA-Sabadell merger, citing a projected €70 billion credit reduction for SMEs and increased financing costs due to reduced competition, prompting a government public consultation.

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What are the immediate economic consequences for Spanish SMEs if the BBVA-Sabadell merger proceeds?

Following a CNMC technical report, the president of Catalonia's Small and Medium-sized Enterprise Association (Pimec), Antoni Cañete, declared there would be a response from the business sector. He stated that a merger between BBVA and Sabadell would create a lack of competition, harming SMEs' access to financing. This follows Prime Minister Pedro Sánchez's announcement of a public consultation on the BBVA-Sabadell merger.

elpais.com

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May 28, 13:13

Spain Reviews BBVA-Sabadell Merger, Potential EU Conflict

The Spanish government is reviewing BBVA's takeover bid for Banco Sabadell, potentially adding conditions beyond the CNMC's approval, despite the European Commission stating it sees no reason to block the deal and urging alignment with the BCE and CNMC; the government has 30 days to analyze the situ...

Spain Reviews BBVA-Sabadell Merger, Potential EU Conflict

The Spanish government is reviewing BBVA's takeover bid for Banco Sabadell, potentially adding conditions beyond the CNMC's approval, despite the European Commission stating it sees no reason to block the deal and urging alignment with the BCE and CNMC; the government has 30 days to analyze the situ...

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How does the Spanish law enabling government intervention in corporate mergers interact with EU competition regulations?

Spain's review of the BBVA-Sabadell merger stems from a law enabling government intervention to address broader interests beyond competition, such as employment and regional economic impact. The European Commission's statement highlights potential tension between national and EU regulations, emphasizing the importance of aligning decisions with the EU's banking union and capital markets. The 30-day review period allows for consideration of factors like job security and financial inclusion, not solely economic competition.

elpais.com

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May 27, 10:14

Spanish Government to Decide on BBVA's Banco Sabadell Takeover

The Spanish Ministry of Economy will decide by Tuesday whether to escalate BBVA's takeover bid of Banco Sabadell to the Council of Ministers, potentially modifying the CNMC's imposed conditions based on a public consultation's results and concerns about financial sector concentration, job losses, an...

Spanish Government to Decide on BBVA's Banco Sabadell Takeover

The Spanish Ministry of Economy will decide by Tuesday whether to escalate BBVA's takeover bid of Banco Sabadell to the Council of Ministers, potentially modifying the CNMC's imposed conditions based on a public consultation's results and concerns about financial sector concentration, job losses, an...

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What is the Spanish government's role in the BBVA's takeover bid of Banco de Sabadell, and what immediate consequences will its decision have?

The Spanish Ministry of Economy will decide by Tuesday whether to send BBVA's takeover bid for Banco Sabadell to the Council of Ministers. This will determine if the conditions imposed by the CNMC (National Commission of Markets and Competition), such as maintaining commercial conditions for three years in specific areas and avoiding branch closures in underpopulated areas, will be altered. The government's decision will be based on a report including results from a public consultation.

elmundo.es

🌐 75% Global Worthiness

May 20, 19:13

BBVA Launches AI-Powered Banking App with Six Times Faster Speed

BBVA launched a redesigned banking app in Spain on Tuesday, featuring AI-powered personalization, six times faster speed, a financial coach, and plans for crypto trading by summer, aiming to attract new customers and increase engagement.

BBVA Launches AI-Powered Banking App with Six Times Faster Speed

BBVA launched a redesigned banking app in Spain on Tuesday, featuring AI-powered personalization, six times faster speed, a financial coach, and plans for crypto trading by summer, aiming to attract new customers and increase engagement.

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What are the key features of BBVA's new banking app and its immediate impact on customer experience?

BBVA launched a redesigned banking app in Spain, aiming to attract new customers and increase engagement among existing ones. The app boasts six times faster speed and includes features like a financial coach and personalized savings plans.

cincodias.elpais.com

🌐 85% Global Worthiness

May 9, 10:14

BBVA Open to Sabadell Acquisition, but Not Merger

The Spanish government's public consultation on the BBVA's takeover bid for Banco Sabadell creates uncertainty, with BBVA now considering acquiring Sabadell as a separate entity even if the government imposes conditions, while the deadline for the consultation is May 16th.

BBVA Open to Sabadell Acquisition, but Not Merger

The Spanish government's public consultation on the BBVA's takeover bid for Banco Sabadell creates uncertainty, with BBVA now considering acquiring Sabadell as a separate entity even if the government imposes conditions, while the deadline for the consultation is May 16th.

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What are the immediate consequences of the Spanish government's public consultation on the BBVA-Sabadell merger?

The Spanish government's public consultation on the BBVA's takeover bid for Banco Sabadell introduces uncertainty. While BBVA initially aimed for a merger, it now prioritizes acquiring Sabadell as a separate entity, even if the government imposes strict conditions, provided profitability and earnings per share remain unaffected. The consultation, lasting until May 16th, has raised concerns that the government might use it to block the deal.

elmundo.es

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May 8, 04:12

Spanish Government's Public Consultation on BBVA-Sabadell Merger

The Spanish government launched a public consultation on BBVA's takeover bid for Banco Sabadell, surprising markets and regulators; the Bank of Spain and CNMV declined to comment, while the consultation seeks public input on 'general interest' factors before a May 16th deadline, influencing the fina...

Spanish Government's Public Consultation on BBVA-Sabadell Merger

The Spanish government launched a public consultation on BBVA's takeover bid for Banco Sabadell, surprising markets and regulators; the Bank of Spain and CNMV declined to comment, while the consultation seeks public input on 'general interest' factors before a May 16th deadline, influencing the fina...

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What are the immediate implications of the Spanish government's public consultation on the BBVA-Sabadell merger for market stability and regulatory oversight?

The Spanish government's public consultation on BBVA's takeover bid for Banco Sabadell has surprised markets and regulators. The Bank of Spain and the CNMV (National Securities Market Commission) refuse to comment, stating their roles concluded with previous approvals of the bid. The consultation's non-binding nature means it won't directly influence the government's final decision.

elmundo.es

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May 5, 13:15

Spanish Government Launches Public Consultation on BBVA-Banco Sabadell Merger

Spanish Prime Minister Pedro Sánchez announced a public consultation on BBVA's takeover of Banco Sabadell, aiming to counter widespread opposition from business groups and unions who fear reduced competition, despite the CNMC's conditional approval.

Spanish Government Launches Public Consultation on BBVA-Banco Sabadell Merger

Spanish Prime Minister Pedro Sánchez announced a public consultation on BBVA's takeover of Banco Sabadell, aiming to counter widespread opposition from business groups and unions who fear reduced competition, despite the CNMC's conditional approval.

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What is the immediate impact of the Spanish government's public consultation on the BBVA-Banco Sabadell merger?

The Spanish government, led by Prime Minister Pedro Sánchez, will launch a public consultation on the potential effects of BBVA's hostile takeover of Banco Sabadell. This follows criticism from numerous business associations and unions concerned about reduced competition. The government aims to influence the outcome, despite the CNMC (National Commission of Markets and Competition) approving the merger with conditions.

Showing 61 to 72 of 100 results