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EU banks must scale up to finance investment in tech and AI, BBVA boss says

By Jean Comte ( July 31, 2025, 14:39 GMT | Insight) -- The CEO of Banco Bilbao Vizcaya Argentaria has defended his intended takeover of Spanish rival Sabadell, saying the EU sector needed to scale up to avoid duplicating costs needed for AI and digital investments. Onur Genç said the deal would move forward in early September, despite the strict conditions imposed by the national government.EU banks need to scale up to finance investment in tech and AI, the CEO of Banco Bilbao Vizcaya Argentaria said today....

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