A clash unfolded between the CEOs of Banco Sabadell and BBVA as they debated the viability of a potential merger. The CEO of Banco Sabadell dismissed the merger as nonsensical, citing the significant overlap in their exclusive SME clientele. On the other hand, the CEO of BBVA touted the merger as a strategic move that … Read more
BBVA has made an audacious decision to forge ahead with their current acquisition proposal for Banco Sabadell, despite the prevailing market uncertainties. The robust stance, articulated by BBVA’s president, Carlos Torres, underlines the confidence in the existing offer’s allure, remaining unchanged in the face of swirling contestations. In a recent gathering, Torres expressed optimism that … Read more
Households recently received news of the central bank’s decision to lower interest rates, signaling potential changes in the financial landscape. The lowered cost of borrowing may lead to decreased mortgage payments for some, while savings rates might see a slight dip for savers. For mortgage holders, the impact varies depending on the type of mortgage … Read more
The Euribor index underwent a significant decrease today, marking a shift in interest rates. This index, commonly used to calculate variable-rate mortgage interest in Spain, plays a crucial role in the financial sector. With various time frames ranging from one week to six months, the Euribor index offers a diverse range of options for lenders … Read more
Josep Oliu has recently demonstrated his commitment to Banco Sabadell by investing one million euros in the bank’s shares. Through his company Torrellimona, Oliu acquired 500,000 shares at a unit price of 2.05 euros, totaling an investment of 1.02 million euros. This move solidifies his dedication to the bank’s ongoing initiatives, amidst a looming takeover … Read more