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The Latest Breaking News from Sabadell

TSB’s earnings in robust shape ahead of Santander takeover

The high street lender said pre-tax profits rose 20.7% to £350.4 million for 2025.

Evening Standard

TSB announces boss leaving to head up Spanish owner Sabadell

Marc Armengol will step down to take up the new role at Sabadell.

Evening Standard

BBVA fails in €17bn takeover battle for smaller Spanish rival Sabadell

The bid only convinced shareholders representing 25.47% of Sabadell voting rights. That was far short of the 50% BBVA needed for the deal to pass outright.

Euronews

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Spain's BBVA Fails In Sabadell Takeover Bid

Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, dashing its hopes of creating a new European sector colossus, the stock market regulator announced on Thursday.

International Business Times

BBVA's improved takeover bid for Banco Sabadell approved by regulator

The Spanish regulator has authorised the 10% raise in BBVA's takeover bid for Banco Sabadell and the elimination of the cash component. Shareholders have until 10 October to agree to the offer.

Euronews

Deal Dispatch: White House Mute On TikTok, BBVA's $18 Billion Takeover Offer Rejected

For the previous edition of Deal Dispatch, click here.

Benzinga

Spain's BBVA Bank To Start Sabadell Offer Monday

Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light.

International Business Times

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Spanish megabank in the making: BBVA gets greenlight to buy up Banco Sabadell

Spain's Banco Sabadell has been fighting off unsolicited interest from financial giant Banco Bilbao Vizcaya Argentaria (BBVA) since last year.

Euronews

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Some analysts think the sale could make it easier for Sabadell to rebuff a potential hostile takeover bid by rival group BBVA.

Evening Standard

Sabadell shareholders approve sale of TSB to Santander as BBVA threat looms

Banco Sabadell on Wednesday unanimously approved the sale of its British subsidiary TSB to Banco Santander for around €3bn. The transaction seeks to shield the group's independence from the hostile takeover bid launched by BBVA.

Euronews

Santander sees more than 2,000 jobs go in ongoing overhaul as profit dips

Santander reported a 5% fall in pre-tax profits to £764 million for the first six months of 2025.

Evening Standard

Major bank slashes thousands of jobs in company overhaul

Santander reported a 5 per cent decline in pre-tax profits, reaching £764 million for the first six months of 2025

The Independent UK

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

Euronews

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Evening Standard

TSB brand could disappear from high streets in £2.65bn Santander takeover deal

Santander said it plans a ‘rationalisation’ of the overall branch network.

The Independent UK

TSB could disappear from high streets in huge Santander takeover

Santander said it plans a ‘rationalisation’ of the overall branch network

The Guardian - UK

Santander to buy TSB for £2.65bn amid fears of branch closures and job losses

Purchase would be third major ownership shake-up for high street lender in 12 years

Evening Standard

Santander approaches TSB’s Spanish owner over possible takeover – reports

Banco Sabadell, the Spanish parent firm of TSB, said on Monday that it had received interest about an acquisition.

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The Guardian - UK

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

Evening Standard

TSB’s Spanish owner considers sale of UK banking business

It comes a decade after Sabadell bought TSB for £1.7 billion to gain a foothold in the UK.

Evening Standard

TSB profits jump on cost-cutting and stamp duty mortgage rush

The Spanish-owned lender posted pre-tax profits of £101.3 million for the first quarter, up from £53.4 million a year ago.

Fortune

Banco Sabadell to move HQ back to Catalonia

The boss of Spain's main business confederation, Antonio Garamendi, was optimistic that "everyone comes back home" in the wake of Sabadell—but a potential influx of company HQs back to Catalonia could take some time.

International Business Times

Catalonia Eyes Reversal Of Business Exodus After Big Bank Returns

Spanish business circles believe banking giant Sabadell's decision to return its headquarters to Catalonia will entice back the thousands of firms that fled after the region's botched 2017 independence bid.

Evening Standard

TSB appoints new chief executive as Robin Bulloch to retire

The bank, which is owned by Spain’s Banco Sabadell, said Marc Armengol would take on the top job from early 2025.

The Guardian - UK

TSB appoints Marc Armengol as new CEO amid uncertainty over bank’s future

Armengol to replace Robin Bulloch in 2025 but owner Sabadell faces $13bn hostile takeover bid by BBVA

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