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Investors and traders might focus on the reasons behind periods of decline or higher volatility in the stock market. But long-term investors have always needed to weather stock-market storms, regardless of political trends.
Spanish lenders Santander and BBVA are negotiating with the European Central Bank (ECB) to get a more favourable capital treatment for their holdings in insurance businesses, Spanish newspaper Cinco Dias reported on Thursday.
The chairman of Spain's Sabadell , Josep Oliu, said on Thursday BBVA would have to present a "very different" value proposal to offset all the risks and difficulties the hostile takeover bid from Sabadell's larger rival represents.
The chairman of Spain's Sabadell Josep Oliu urged the Spanish government to be transparent on the takeover bid announced by rival bank BBVA so that shareholders have all the information before deciding whether to tender their shares.
Sabadell's CEO said on Wednesday he did not expect Spain's competition regulator to come down too hard on BBVA's hostile takeover bid when it announces the outcome of its review into the proposed deal.
Spain's BBVA remained confident that its hostile takeover bid for smaller rival Sabadell will be approved by competition authorities within the next few weeks, its chief executive officer Onur Genc said on Wednesday.
Spain's BBVA plans to double revenues in its corporate and investment banking unit in the next few years as part of a new strategy to be announced later in 2025, Bloomberg News reported on Wednesday, citing people familiar with the matter.
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