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 […]
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 […]
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 […]
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 […]
Faced with a hostile takeover of Banco Sabadell with an uncertain future, the star sector of the Spanish stock market can gain more momentum: BBVA, CaixaBank and Santander can still rise at a double-digit rate. BBVA's takeover bid for Banco Sabadell, which values the latter entity at 12.2 billion euros, opens a battle that could […]
Christine Lagarde, president of the European Central Bank ECB Economy insists that preventing it if it affects customers or the system May 10, 2024 . Updated at 7:52 p.m. The war that has been unleashed by the announcement of hostile takeover launched on Thursday by BBVA on Banco Sabadell will be released in battlefields beyond […]
The striking hostile takeover launched by BBVA on Sabadell (an operation of this nature had not been seen since 1987, the golden era of the yuppies financial, with the failed attempt by the then Banco de Bilbao to buy Banesto for the brave) will not be, as some hope, a military parade. When the entity […]
The striking hostile takeover launched by BBVA on Sabadell (an operation of this nature had not been seen since 1987, the golden era of the yuppies financial, with the failed attempt by the then Banco de Bilbao to buy Banesto for the brave) will not be, as some hope, a military parade. When the entity […]
The Riksbank (Sweden's central bank) this Wednesday cut the reference interest rates in its economy, from 4% to 3.75%, for the first time in eight years, acting before the European Central Bank (ECB) in a attempt to offer a respite to families and companies in the Nordic country that are being hit by the recession. […]
This Thursday, BBVA took an unprecedented step in Spain in almost four decades: it launched a hostile takeover bid for a competitor, Banco Sabadell. The last time a financial institution launched itself into a rival without the approval of the competitor in question was in 1987. Then, Banco de Bilbao – one of the branches […]
