BancodeSabadell

News

Reuters - 1 hour ago

European banks in the red after weak PMI data

BUZZ-European banks in the red after weak PMI data ** Shares in European banks slip after euro zone business activity abruptly declined in November ** The STOXX 600 banks index .SX7P is down 2.6%, falling to its lowest since Oct. 9 and leading losses among sectoral indices on the pan-European STOXX 600 .STOXX ** Erste Group analyst Lukasz Janczak p

Reuters - 2 hours ago

Sabadell sees impact from floods in Spain manageable but will book provisions

UPDATE 1-Sabadell sees impact from floods in Spain manageable but will book provisions Adds quote from Sabadell's CFO in paragraph 3, impact on economy in 2, bank exposure in 4 and comments from Caixabank in 5 MADRID, Nov 22 (Reuters) - Spain's Sabadell SABE.MC will set aside tens of millions of euros in provisions to cope with the impact from last month's deadly floods in eastern Spain, its chief financial officer Sergio Palavecino said on Friday.

Reuters - 2 hours ago

Sabadell to set aside tens of millions in provisions for October floods impact

Sabadell to set aside tens of millions in provisions for October floods impact MADRID, Nov 22 (Reuters) - Spain's Sabadell SABE.MC will set aside tens of millions of euros in provisions to cope with the impact from last month's deadly floods in eastern Spain, its chief financial officer Sergio Palavecino said on Friday. Reporting by Jesús Aguado;

Reuters - 1 day ago

Spanish stocks - Factors to watch on Nov 21

Spanish stocks - Factors to watch on Nov 21 Nov 21 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC Iberdrola said on Wednesday it had signed with the European Investment Bank a 500 million euro ($527.45 million) loan for the development and expansion of smart grids in Spain.

Reuters - 2 days ago

BBVA's Sabadell deal poses risks for small business lending, competition watchdog says

UPDATE 2-BBVA's Sabadell deal poses risks for small business lending, competition watchdog says Watchdog warns of risk of branch closures Combined market share in Catalonia, Valencia to exceed 30% CNMC identifies duopoly structure in 50 muncipalities BBVA pledges not to close offices if no other nearby branch Commits to guarantee capital lines for SMEs for 18 months Adds CNMC findings that mean longer review needed in paragraph 3 and from paragraph 6 By Jesús Aguado and David Latona MADRID, Nov

Reuters - 2 days ago

BBVA proposes new measures to competition watchdog to clinch green light for Sabadell bid

BBVA proposes new measures to competition watchdog to clinch green light for Sabadell bid MADRID, Nov 20 (Reuters) - Spanish bank BBVA BBVA.MC on Wednesday committed to taking a series of measures to try to secure a green light from antitrust regulator CNMC for its proposed hostile takeover of smaller rival Banco Sabadell SABE.MC . BBVA said these new commitments sought to "ensure financial inclusion, bolster lending to small and medium-sized enterprises (SMEs) and enhance competitiveness" and t

Reuters - 2 days ago

BBVA proposes measures to get regulator's OK for Sabadell bid

BRIEF-BBVA proposes measures to get regulator's OK for Sabadell bid Nov 20 (Reuters) - Banco Bilbao Vizcaya Argentaria SA BBVA.MC says in a statement: PROPOSES MEASURES TO SPAIN'S ANTITRUST WATCHDOG CNMC TO OBTAIN AUTHORISATION FOR ITS HOSTILE TAKEOVER OF RIVAL SABADELL MEASURES INCLUDE NOT SHUTTING DOWN OFFICES WHEN THERE ISN'T A BBVA OR SABADELL

Reuters - 1 week ago

Spanish Banks' ECB Borrowing At Around 0.18 Billion Euros In October

BRIEF-Spanish Banks' ECB Borrowing At Around 0.18 Billion Euros In October Nov 14 (Reuters) - Bank of Spain: SPANISH BANKS' ECB BORROWING AT AROUND 0.175 BILLION EUROS IN OCTOBER Source text: https://tinyurl.com/2366nd5r (Gdansk Newsroom)

Reuters - 1 week ago

BBVA readies remedies to secure Sabadell deal despite competition setback

UPDATE 3-BBVA readies remedies to secure Sabadell deal despite competition setback BBVA CEO expects to win approval in the next few months CEO says bank to walk away if value creation compromised Broker Kepler sees higher risk of deal falling through Sabadell CEO says longer process helps transparency Adds comment from Sabadell CEO in paragraph 8 By Jesús Aguado MADRID, Nov 13 (Reuters) - Spanish bank BBVA BBVA.MC is working on concessions aimed at securing regulatory approval for a takeover of

Reuters - 1 week ago

BBVA SAYS HAS RIGHT TO WALK AWAY IF CANNOT CREATE VALUE BUT REMAINS COMMITTED TO COLLABORATING AND WORKING WITH COMPETITION AUTHORITIES TO APPROVE DEAL

BBVA aims for approval of Sabadell deal 'in a few months', CEO says MADRID, Nov 13 (Reuters) - Spain's BBVA BBVA.MC remains committed to collaborating with the competition authority CNMC to secure approval for the lender's takeover of Sabadell SABE.MC "in a few months", Chief Executive Officer Onur Genc said on Wednesday. His comments come after the CNMC said on Tuesday that BBVA's hostile takeover bid for Sabadell must undergo a longer anti-trust review .

Reuters - 1 week ago

Spanish stocks - Factors to watch on Nov 13

Spanish stocks - Factors to watch on Nov 13 Nov 13 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: BBVA BBVA.MC , SABADELL SABE.MC BBVA's long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid, which fell further in value after Donald Trump's U.S.

Reuters - 1 week ago

BBVA's Sabadell bid mired in concerns over competition and Mexico

RPT-ANALYSIS-BBVA's Sabadell bid mired in concerns over competition and Mexico Repeats from NOV 12 with no changes to text Spain's competition regulator to launch in-depth review Trump victory adds uncertainty for BBVA in Mexico Deal value drops by 2 bln euros since bid in April But share price correlation suggests bid will succeed By Jesús Aguado MADRID, Nov 12 (Reuters) - BBVA's long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid,

Reuters - 1 week ago

BBVA's Sabadell bid mired in concerns over competition and Mexico

Reuters - 1 week ago

Financial Times - Nov. 13

PRESS DIGEST- Financial Times - Nov. 13 Nov 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK Post Office to close 115 branches, putting hundreds of jobs at risk - BBVA bid for Sabadell dealt blow by antitrust watchdog - Underperforming NHS hospitals to be outed in league tables - Fortress seizes control of art house cinema chain Curzon - Reeves seeks reform of UK consumer redress

Reuters - 1 week ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates; adds Pfizer, DCC, Premier Group, Commerzbank, Exxon Mobil, ValueAct Capital, Alerion Clean Power, UnitedHealth, Honeywell, Spirit Aerosystems, BBVA, Brigade capital Nov 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2140 GMT on Tuesday: * * Spirit AeroSystems SPR.N said on Tuesday it would receive $107 million in advance payments from Airbus.

Reuters - 1 week ago

BBVA's Sabadell bid mired in concerns over competition and Mexico

ANALYSIS-BBVA's Sabadell bid mired in concerns over competition and Mexico Spain's competition regulator to launch in-depth review Trump victory adds uncertainty for BBVA in Mexico Deal value drops by 2 bln euros since bid in April But share price correlation suggests bid will succeed By Jesús Aguado MADRID, Nov 12 (Reuters) - BBVA's long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid, which fell further in value after Donald Trump's

Reuters - 1 week ago

Spain's antitrust body extends Sabadell deal review

UPDATE 2-Spain's antitrust body extends BBVA-Sabadell deal review Longer review could extend analysis well in to 2025 CNMC could consider imposing greater concessions BBVA says will work with CNMC to agree on remedies Sabadell says decision illustrates deal's complexity Updates with banks' comments in paragraphs 5-6, edits By Jesús Aguado MADRID, Nov 12 (Reuters) - Spanish bank BBVA's BBVA.MC hostile takeover bid for smaller rival Sabadell SABE.MC , aimed at creating a bank with assets over 1 t

Reuters - 1 week ago

Spain's antitrust body says Sabadell deal requires in-depth review, La Vanguardia reports

Spain's antitrust body says BBVA-Sabadell deal requires in-depth review, La Vanguardia reports MADRID, Nov 12 (Reuters) - BBVA's BBVA.MC hostile takeover bid for smaller rival Sabadell SABE.MC will require a more in-depth or phase 2 review by Spain's competition watchdog CNMC, La Vanguardia newspaper reported on Tuesday, without identifying its source.

Reuters - 2 weeks ago

Europe's banks brace for tougher competition under Trump 2.0

RPT-Europe's banks brace for tougher competition under Trump 2.0 Repeats Friday's story with no changes to text European banks struggle with profitability and weak economies Trump's win boosts US bank shares, European banks face stricter oversight European politicians brace for new US deregulation landscape By Sinead Cruise and Tommy Reggiori Wilkes LONDON, Nov 8 (Reuters) - European banks face an even tougher task to close an earnings gap on U.S.

Reuters - 2 weeks ago

Europe's banks brace for tougher competition under Trump 2.0

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