Latest news with #BBVASA
Bloomberg
05-05-2025
- Business
- Bloomberg
Spain to Open Public Hearing into BBVAs' ‘Hostile' Sabadell Bid
The Spanish government will open a public hearing to receive opinions on BBVA SA's bid to buy smaller rival Banco Sabadell SA, adding an unexpected loop to an already lengthy takeover fight. To make a decision with all guarantees the government will launch a hearing 'to get opinion from organizations, citizens and associations,' Prime Minister Pedro Sanchez said in a speech Monday during a business event in Barcelona, attended by the chairmen of both lenders. While the government wants companies to grow and be competitive this must be done 'in the common interest of the country and its people,' he said.
Bloomberg
25-04-2025
- Business
- Bloomberg
Spanish Banks Plan to Spread Windfall Tax Payment Over Full Year
Spanish banks including Banco Santander SA, BBVA SA and CaixaBank SA are looking to spread the annual payment of a windfall tax over four quarters rather than making a single upfront disbursement, according to people familiar with the matter. Doing so would mark a change of strategy from the previous years and would be a way to soften the impact of the tax on first-quarter earnings, according to the people, who asked not be named as the information isn't public. In 2023 and 2024, lenders recorded the full payment in the first quarter.
Bloomberg
18-03-2025
- Business
- Bloomberg
BBVA CEO Expects Sabadell Bid to Go to Investors Before July
BBVA SA Chief Executive Officer Onur Genc said that Banco Sabadell SA shareholders will likely get to decide on his lender's unsolicited bid for the rival before the end of June. The so-called acceptance period will probably kick off 'in the last piece of the second quarter,' Genc said Tuesday on Bloomberg TV. He added that 'we are in the last inches' to get approval for the offer from the Spanish competition authority.
Bloomberg
12-03-2025
- Business
- Bloomberg
BBVA to Aim for Double Investment Bank Revenue in New Strategy
BBVA SA will aim to double revenue in its Corporate and Investment Banking unit as part of a new strategy it's set to present later this year, according to people familiar with the matter. The Spanish lender is likely to say it wants to achieve the new CIB revenue goal in the year 2029 and the increase will be compared to last year's level, when it was €5.8 billion, the people said. The growth push will be underpinned by fresh hiring and include a plan to substantially boost the size of BBVA's Brazil office, they said, asking not to be identified discussing the private information
Bloomberg
10-03-2025
- Business
- Bloomberg
BBVA Gets Regulatory Approval to Offer Crypto to Retail in Spain
BBVA SA has received regulatory approval to provide custody and execution services for crypto assets in Spain. Spain's second biggest bank secured the approval from market supervisor CNMV and is now preparing to 'launch its offering for its retail customers, which will initially be available with Bitcoin and Ether' it said in a statement on Monday. A CNMV spokesperson confirmed the approval.
