Caixabank has announced a €500 million share buyback following the impact of interest rates in the fourth quarter. The bank's CEO emphasized that Caixabank will not follow the path taken by Banco Sabadell, asserting its deep roots in Valencia. Meanwhile, BBVA is optimistic about receiving approval from the CNMC for its takeover bid of Banco Sabadell in the coming weeks, despite potential delays caused by a banking tax. BBVA's president, Carlos Torres, has expressed confidence that the bid will not compromise the value creation of the transaction. Additionally, BBVA's recent dividend policy has increased the cash component of its offer to €760 million. Minor shareholders of Banco Sabadell have voiced concerns that the bid does not adequately reflect their emotional ties to the bank. In related news, CaixaBank's newly appointed president, Tomás Muniesa, addressed the bank's executives for the first time.