Showing 1 to 12 of 12 results
Sabadell Shareholders Approve TSB Sale, Strengthening Defense Against BBVA Takeover
Banco Sabadell shareholders overwhelmingly approved the sale of its UK subsidiary TSB to Banco Santander (99.6% vote), triggering a €2.5 billion dividend payout and strengthening its defense against BBVA's hostile takeover bid.
Sabadell Shareholders Approve TSB Sale, Strengthening Defense Against BBVA Takeover
Banco Sabadell shareholders overwhelmingly approved the sale of its UK subsidiary TSB to Banco Santander (99.6% vote), triggering a €2.5 billion dividend payout and strengthening its defense against BBVA's hostile takeover bid.
Progress
56% Bias Score
Spanish Government Suspends BBVA-Sabadell Trading Amid Merger Review
The Spanish government is reviewing BBVA's takeover bid for Sabadell, resulting in the CNMV suspending both banks' trading. The government will impose stricter conditions than the CNMC, focusing on protecting SMEs and branches, with a decision expected within three weeks.
Spanish Government Suspends BBVA-Sabadell Trading Amid Merger Review
The Spanish government is reviewing BBVA's takeover bid for Sabadell, resulting in the CNMV suspending both banks' trading. The government will impose stricter conditions than the CNMC, focusing on protecting SMEs and branches, with a decision expected within three weeks.
Progress
36% Bias Score
CaixaBank CEO: Spain's Banking Consolidation Shows Room for Growth
CaixaBank CEO Gonzalo Gortázar assesses Spain's banking consolidation as "medium", highlighting the potential of further mergers like the BBVA-Sabadell deal, while acknowledging challenges from interest rate changes and global trade uncertainties.
CaixaBank CEO: Spain's Banking Consolidation Shows Room for Growth
CaixaBank CEO Gonzalo Gortázar assesses Spain's banking consolidation as "medium", highlighting the potential of further mergers like the BBVA-Sabadell deal, while acknowledging challenges from interest rate changes and global trade uncertainties.
Progress
40% Bias Score
CNMC Rejects Sabadell's Merger Concerns, Highlights Prior Consultation
The head of Spain's competition authority, Cani Fernández, rejected Banco Sabadell's claims that its merger with BBVA would harm SME lending, citing existing market share losses to competitors like CaixaBank and highlighting a prior consultation with over 58 entities.
CNMC Rejects Sabadell's Merger Concerns, Highlights Prior Consultation
The head of Spain's competition authority, Cani Fernández, rejected Banco Sabadell's claims that its merger with BBVA would harm SME lending, citing existing market share losses to competitors like CaixaBank and highlighting a prior consultation with over 58 entities.
Progress
56% Bias Score
Spanish Bank Branch Closures Reach 50% Amidst Merger Concerns
Spain's major banks have closed nearly half their branches (9,500) over the past decade due to mergers, digitalization, and low interest rates, leading to thousands of job losses; the proposed BBVA-Sabadell merger threatens further reductions, raising concerns about financial exclusion.
Spanish Bank Branch Closures Reach 50% Amidst Merger Concerns
Spain's major banks have closed nearly half their branches (9,500) over the past decade due to mergers, digitalization, and low interest rates, leading to thousands of job losses; the proposed BBVA-Sabadell merger threatens further reductions, raising concerns about financial exclusion.
Progress
56% Bias Score
BBVA's Bid for Sabadell Ignites Intense Competition in Spanish Banking
BBVA's takeover bid for Banco Sabadell intensifies competition in the Spanish banking sector, with both entities increasing their loan portfolios significantly despite high interest rates, leading to a battle for market dominance and impacting future interest rate reductions and credit demand.
BBVA's Bid for Sabadell Ignites Intense Competition in Spanish Banking
BBVA's takeover bid for Banco Sabadell intensifies competition in the Spanish banking sector, with both entities increasing their loan portfolios significantly despite high interest rates, leading to a battle for market dominance and impacting future interest rate reductions and credit demand.
Progress
36% Bias Score
Sabadell's Macro-Dividend Jeopardizes BBVA's Takeover Bid
Banco Sabadell's €2.5 billion macro-dividend, from the sale of its UK subsidiary TSB, increases its stock value by 10% compared to BBVA's takeover offer, forcing BBVA to reconsider its bid due to added government conditions restricting merger synergies.
Sabadell's Macro-Dividend Jeopardizes BBVA's Takeover Bid
Banco Sabadell's €2.5 billion macro-dividend, from the sale of its UK subsidiary TSB, increases its stock value by 10% compared to BBVA's takeover offer, forcing BBVA to reconsider its bid due to added government conditions restricting merger synergies.
Progress
48% Bias Score
BBVA-Sabadell Merger Approved Despite Insufficient Competition Safeguards
The CNMC approved BBVA's takeover of Sabadell despite concerns about reduced competition, implementing insufficient remedies that primarily benefit a small percentage of SMEs; the merger increases market concentration to three major banks controlling approximately 72% of the credit market.
BBVA-Sabadell Merger Approved Despite Insufficient Competition Safeguards
The CNMC approved BBVA's takeover of Sabadell despite concerns about reduced competition, implementing insufficient remedies that primarily benefit a small percentage of SMEs; the merger increases market concentration to three major banks controlling approximately 72% of the credit market.
Progress
60% Bias Score
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 ...
Progress
44% Bias Score
Spanish Bank Tax Inflates Q1 2025 Profits by €1.1 Billion
Spain's revised bank tax, implemented with monthly payments and a tiered system, resulted in a €1.1 billion profit increase for the six largest banks in Q1 2025 compared to the same period in 2024, although this effect is expected to diminish over the year.
Spanish Bank Tax Inflates Q1 2025 Profits by €1.1 Billion
Spain's revised bank tax, implemented with monthly payments and a tiered system, resulted in a €1.1 billion profit increase for the six largest banks in Q1 2025 compared to the same period in 2024, although this effect is expected to diminish over the year.
Progress
52% Bias Score
Sabadell Restarts Share Buyback Program Amidst BBVA Takeover Bid
Banco Sabadell restarts a 247 million euro share buyback program, alongside a new 755 million euro program, totaling 1.1 billion euros, to counter BBVA's revised takeover bid offering a negative premium, while the CNMC reviews the operation.
Sabadell Restarts Share Buyback Program Amidst BBVA Takeover Bid
Banco Sabadell restarts a 247 million euro share buyback program, alongside a new 755 million euro program, totaling 1.1 billion euros, to counter BBVA's revised takeover bid offering a negative premium, while the CNMC reviews the operation.
Progress
48% Bias Score
CNMC to Decide on BBVA's Hostile Bid for Sabadell Amidst Competition Concerns
BBVA's hostile takeover bid for Banco Sabadell faces a crucial decision by Spain's CNMC, which is evaluating the proposed remedies to address competition concerns, particularly in the SME sector, with Sabadell demanding structural changes instead of BBVA's proposed behavioral commitments.
CNMC to Decide on BBVA's Hostile Bid for Sabadell Amidst Competition Concerns
BBVA's hostile takeover bid for Banco Sabadell faces a crucial decision by Spain's CNMC, which is evaluating the proposed remedies to address competition concerns, particularly in the SME sector, with Sabadell demanding structural changes instead of BBVA's proposed behavioral commitments.
Progress
60% Bias Score
Showing 1 to 12 of 12 results