The board of directors decided to reject the agreement after a long discussion, highlighting that the offer significantly underestimated the future value of Sabadell as an autonomous entity
The Spanish bank remunerates current accounts with 4% and flexible deposits with 5%
The Lion is pressing to close a bancassurance agreement with the second largest bank in the country: it will have to overcome competition from Allianz.
The Turkish financial market has been in crisis for weeks and today the lira is losing 20% against the dollar - Political issues are intertwined with economic ones, aggravated by the tightening of US sanctions, and the country is suffering in the grip of the East…
The judges also revoked the fines for the three companies involved (Unipol, Bper and Hera), as well as the 15 million euro provision that the defendants should have paid to the Spanish bank BBVA.
The Spanish banking group will collect 944 million euros, by selling its 5,1% stake in China Citic Bank to parent company Citic - The transaction will have a negative impact of 2,3 billion euros on the bank's 2013 accounts credit…
The second Iberian institution has published a net profit of 1,67 billion euros for the whole year, pending with forecasts.
Spain's largest bank has announced that it will have to set aside another 1,8 billion euros following the reforms launched last Friday by the Rajoy government.
