The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s ...

The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco ...

The board of Spain's Banco Sabadell on Monday rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, Sabadell said in a statement to the Spanish ...

BBVA said on Tuesday it had approached Sabadell about a possible merger, a deal which would create a Spanish bank with assets of nearly 1 trillion euros ($1.07 trillion) and a market value close ...

Banco Bilbao Vizcaya Argentaria SA, BBVA 0.87% Spain’s second-largest lender by assets, and smaller peer Banco de Sabadell SA SAB -0.25% ended their merger talks because of disagreements over ...

Now, BBVA said it would offer one newly issued share for every 4.83 Sabadell shares, an exchange ratio representing a 30% premium over the closing prices of BBVA and Sabadell on April 29.

According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking ...

Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell SAB -1.13%, seeking another shot at a tie-up that could make it Spain’s largest bank after a previous ...

BBVA, Spain's second-largest bank, and smaller rival Banco Sabadell have walked away from a planned merger after a price disagreement. The two lenders had confirmed a tie-up less than two weeks ago.

BBVA and Sabadell declined to comment. The two banks had on Nov. 16 announced merger talks aimed at creating Spain's second-biggest domestic bank with almost 600 billion euros in assets.

The paper said BBVA was willing to pay in cash, as demanded by Sabadell, but was not considering a substantial increase on a potential offer of close to €2.5 billion.

BBVA CEO Onur Genc said on Wednesday that merger negotiations with smaller rival Sabadell were still at a starting point and the Spanish bank would have to carefully analyze the potential deal ...