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In Full: BBVA Chair Torres on Sabadell Bid, Continuity

Bloomberg•Friday, October 17, 2025 at 7:46:11 AM
NeutralFinancial Markets
In Full: BBVA Chair Torres on Sabadell Bid, Continuity
BBVA Chairman Carlos Torres recently addressed the bank's $19 billion bid for Banco Sabadell, which was turned down by a significant majority of shareholders. Despite this setback, Torres remains optimistic, stating that the bank will continue to look forward. He also reassured stakeholders about his commitment to BBVA, indicating he has no intention of stepping down as long as he has the support of shareholders and the board. This situation highlights the challenges and dynamics within the banking sector, particularly in mergers and acquisitions.
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