BBVA Appoints Jordi García Bosch to Lead Banco Sabadell Acquisition Integration Amid Ongoing Restructuring and Shareholder Remuneration Plan

BBVA has appointed Jordi García Bosch to lead the integration efforts with Banco Sabadell as the Spanish lender prepares for a potential acquisition of its smaller rival. This decision comes amid ongoing organizational changes at BBVA, including the centralization of operations within its technology subsidiary to enhance efficiency. Additionally, Banco Sabadell's board plans to propose a shareholder remuneration plan based on excess capital at its upcoming shareholder meeting, which could impact the acquisition dynamics.