BBVA's potential takeover of Sabadell faces uncertainty as Sabadell's self-help measures have significantly improved its profitability, lending, and payout promises. Analysts suggest that BBVA may need to eliminate 3,700 jobs to meet its savings target post-acquisition, according to Berenberg. However, concerns remain regarding BBVA's ability to achieve planned cost reductions if it fails to effectively integrate Sabadell, as indicated in a recent regulatory filing. The question of whether BBVA is too late in its bid for Sabadell persists, despite some analysts believing that a takeover attempt could still be viable.
BBVA might not achieve planned cost reductions if it buys Sabadell but fails to integrate it, according to a regulatory filing this week https://t.co/VzMJSFmlEW
Is #BBVA just too late with its bid for #Sabadell? The smaller bank's self-help is going well: It has boosted profitability, lending, and payout promises. That's a strong claim to independence, but it's not enough https://t.co/6XVvrD5rnA via @opinion https://t.co/l6DSIWlWIG
BBVA would need to eliminate 3,700 jobs after taking over Sabadell if it wants to hit a key savings target, according to Berenberg https://t.co/6Z4GYzDDQO