ECB Said Open to BBVA-Sabadell Deal, Easing Potential Path

-- The European Central Bank is supportive of a tie-up between Banco Bilbao Vizcaya Argentaria SA and Banco de Sabadell SA, potentially making necessary approvals easier if the deal comes to fruition.Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’

The Spanish government has come out against BBVA’s bid as well, with Economy Minister Carlos Cuerpo saying it has the last word on the proposed merger.Torres has suggested that the government may soften the stance after regional elections in Spain, which took place last weekend. BBVA’s most profitable region currently is Mexico, which produced twice as much profit in the first quarter than the lender’s Spanish operations. Close to half of the bank’s €800 billion balance sheet sits outside its home market, with Mexico and Turkey accounting for almost a third of the total.

Small and medium-sized companies “are the crown jewel of Sabadell, it’s what we do best,” Sabadell Chief Executive Officer Cesar Gonzalez-Bueno said at a recent conference.Neuralink’s First Patient: ‘It Blows My Mind So Much’Billionaire Bill Ackman Holds Only 8 Stocks in His Portfolio — Should You Buy Them?

Banco De Sabadell European Central Bank Bloomberg Carlos Torres Banco Bilbao Vizcaya Argentaria SA

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