The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco ...

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

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

According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking ...

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 ...

Merger talks between Spanish lenders BBVA and Banco Sabadell ended on Friday (November 27). The two banks had recently announced merger talks on November 16 - their aim was to build Spain's second ...

BBVA, Spain's second-largest bank, and smaller rival Banco Sabadell have walked away from a planned merger after a price disagreement. The two lenders had confirmed a tie-up less than two weeks ago.

As of 1408 BST, shares of Banco Sabadell had shot 6.22% higher to ~€1.8455, whilst those of BBVA had fallen by 6.83% to €10.16. Stay Informed! With our newsletters and social media channels.

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 ...

MADRID, Nov 27 (Reuters) - Spain's Banco Sabadell SABE.MC on Friday said it had called off merger talks with its bigger rival BBVA BBVA.MC after failing to agree on the terms of a potential share ...

BBVA and Sabadell declined to comment. The two banks had on Nov. 16 announced merger talks aimed at creating Spain's second-biggest domestic bank with almost 600 billion euros in assets.

The paper said BBVA was willing to pay in cash, as demanded by Sabadell, but was not considering a substantial increase on a potential offer of close to €2.5 billion.