Thursday morning BBVA threw a takeover of Banco Sabadell after the failure of the merger proposal presented days before by the Bilbao bank to the board of directors of the Alicante entity, led by Josep Oliu. The board of Banco Sabadell said no to the BBVA merger proposal and it reacted with a public offer […]
Author: admin
The drop in rates and the rise in technological costs reopen the door to bank mergers
The number of banks with a significant size in Spain has decreased from 45 to 10 since the outbreak of the Great Financial Crisis in 2008. Most of it was due to the merger of entities with issues -in many cases nationalized- that were absorbed for more solid ones: it happened between 2009 (intervention by […]
Bank of Spain in Valencia | The most armored building in Valencia
This building, which since 1918 has greeted pedestrians crossing the center of Valencia, hidden under the shadow of the trees on the sidewalk of Barcas Street where it stands, acts like our own Everest: you can access the secrets it hides. … choosing from a rich diversity of aspects, although it must be accepted that […]
The Bank of Spain raises the deficit of new homes in the Region of Murcia to almost 30,000
The deficit of new construction homes in the Region of Murcia is a reality that the Bank of Spain estimates at nearly 30,000 residences, according to data collected in the 2023 yearbook that was published a few days ago by the financial institution. … This report includes a comparison between the creation of new homes […]
BBVA-Sabadell: a hostile takeover that has aroused hostilities | Economy
Banco Bilbao to Banesto, Gas Natural to Endesa or BBVA to Sabadell, among others. The history of hostile takeovers in Spain is not very extensive but it is well remembered. When a company wants to buy another listed company, but the leadership refuses to negotiate or does not even try to court it, it can […]
We have to talk about the governor
Francisco de Goya received, as appears in the archive of the Banco de San Carlos, the predecessor of the Bank of Spain, 4,500 reales de vellón for a full-length portrait that he made in 1788 Francisco Cabarrus, the first governor of the central bank. Cabarrús was a Frenchman, like Goya himself, who established good relations […]
Banco Sabadell maneuvers against BBVA's takeover bid and its legal head, Miquel Roca, shows harmony with Salvador Illa
The leadership of Banco Sabadell is taking a gamble and mobilizing to stop BBVA's hostile Public Offer for the Acquisition of shares (OPA). President, Josep Oliuand the CEO, César González-Buenohave decided to launch what is emerging as his last battle after a long financial career to keep the bank autonomous. Oliu has multiplied internal meetings […]
The future of banking 2.0
The number of banks or financial companies that bank services with cryptocurrencies are increasing rapidly, listed by Europe and followed by the United States (Reuters) The crypto bank is a financial system that uses cryptocurrencies in the traditional way to connect our financial services: firstly, and the possibility of cryptocurrencies for your interests. We can […]
The legal obstacles that can stop the absorption of Sabadell by BBVA | Financial markets
Like any takeover bid, and in this case even more so as it is a deeply regulated sector, the proposed purchase of Banco Sabadell by BBVA is subject to numerous procedures and legal obstacles before reaching a successful conclusion. And hostilities between law firms have already begun. The first shot came, in this case, from […]
The decalogue of the Bank of Spain to make housing cheaper
In its recent 2023 annual report, the Bank of Spain performs a thorough x-ray on the housing situation in Spain: one of the biggest problems facing a growing part of the population. The institution's document combines purely descriptive analysis – why housing has become so expensive in recent years – with prescriptive analysis – what […]