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BBVA sees EU Commission stand up for Banking Union — in Spain and further afield

By Fanny Roux and Nicholas Hirst ( July 17, 2025, 16:16 GMT | Comment) -- The European Commission wants the Spanish government to drop “public interest” conditions imposed on BBVA’s bid for Banco Sabadell, which has drawn ire from national politicians. After standing up for UniCredit against the Italian government earlier this week, the EU executive is sending a clear message to politicians — including those in Germany — who are considering consolidation in Europe’s fragmented banking sector. The EU’s Banking Union will be the stronger for it.The Spanish government’s intervention in the Banco Bilbao Vizcaya Argentaria-Sabadell merger case is now officially seen by the European Commission as a threat to the integration of the EU banking sector — the “Banking Union.”...

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