EU Commission repeats that Spanish law on banking merger breaches EU law
( June 4, 2026, 10:07 GMT | Official Statement) -- MLex Summary: The European Commission repeated on Thursday that the law which allows the Spanish government to block or condition banking mergers is in breach of EU law. The regulator sent an additional "letter of formal notice," completing a first one sent one year ago after Spain imposed conditions on Sabadell’s takeover by Banco Bilbao Vizcaya Argentaria. Spain has two months to answer, after which the regulator may decide to step up the procedure.Press release follows....
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