Spanish, UK bank deal-making heats up

By Jasper Cox
19 Nov 2020

The banking landscape in Spain and the UK is set to change, amid pressure on banks' profitability, after a flurry of announcements this week.

On Monday, BBVA announced the sale of its US subsidiary to PNC for €9.7bn, and then said it was talking with Banco de Sabadell about a merger.

On Tuesday, the UK's Co-operative Bank said it was in preliminary takeover talks with an unnamed “financial sponsor”, ...

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