Browsing: banking merger

Brussels has accused Spain of violating EU rules by interfering in a major banking merger. The European Commission warns that Madrid’s actions have disrupted fair competition, raising serious concerns about regulatory compliance throughout the bloc

Spain has hit the pause button on the legal merger of BBVA and Sabadell for up to five years, citing serious anti-competitive concerns, the Wall Street Journal reveals. This decision puts a hold on what might have been one of Spain’s most groundbreaking banking mergers