
National
Merger talks between BBVA and Banco Sabadell under way
SUR
BBVA bank and Banco Sabadell restarted discussions this week to merge both companies. After the announcement on Monday, shares in the banks surged around 20 per cent. Bilbao-based BBVA and smaller Sabadell - from Barcelona province - have hired ... investment analysts to "explore" a merger. BBVA is currently the second biggest banking group in Spain and Banco Sabadell the fifth. Sabadell is also the owner of Britain's TSB. If a deal went ahead, which would see BBVA being the dominant partner, it ... more months and focus in part on overlap between the branch network. BBVA has been less keen on a merger, while Banco Sabadell, due to its smaller size and weaker balance sheet, has been looking for a new partner for some time. BBVA has just finalised