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

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

The European Commission officially challenged the Spanish government on Thursday over its attempts to hinder Spanish bank ...

The Spanish government said it would approve BBVA’s hostile takeover of Banco de Sabadell on condition that the banks temporarily be managed independently and kept legally separate.

Investing.com -- The European Union has initiated legal proceedings against Spain over its intervention in banking mergers, specifically targeting the government’s decision to block the merger between ...

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

Spain's BBVA will not be allowed to integrate its operations with Sabadell for at least three years as one of the conditions imposed by the Spanish government on its hostile bid for its smaller ...

BBVA's acquisition of Sabadell faces a significant delay, as the Spanish government has mandated atleast three-year wait period before the two entities can integrate their operations.

The Commission argues that Madrid's move undermines EU financial regulation and legal certainty for cross-border banking deals ...

BBVA and Sabadell had already negotiated a merger in 2020 to create the largest Spanish bank capable of competing with Banco Santander SA, with a market valuation exceeding 70 billion euros, but they ...

Spain's BBVA has said it would move ahead with its hostile takeover bid for Sabadell despite the government effectively blocking it from fully merging with its smaller rival for at least three years.

Spain's BBVA has said it would move ahead with its hostile takeover bid for Sabadell despite the government effectively blocking it from fully merging with its smaller rival for at least three years.