Spain’s competition authority has dealt a significant blow to the banking sector by blocking the proposed merger between BBVA and Sabadell, two of the country’s leading lenders. According to a report by The Wall Street Journal, the ban could last for up to five years, underscoring regulators’ concerns over market concentration and competition. The decision marks a critical moment for both banks, which had sought to consolidate their positions amid an evolving financial landscape, and signals the government’s firm stance on maintaining a competitive banking environment in Spain.
Spain Halts BBVA Sabadell Merger Citing Market Competition Concerns
Spain’s watchdog has officially intervened to block the proposed merger between BBVA and Sabadell, citing significant concerns over reduced competition within the national banking sector. The ruling could delay any potential union for up to five years, amid fears that combining two of Spain’s largest financial institutions would create a…
—-
Author : Caleb Wilson
Publish date : 2025-06-25 15:17:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8
