BBVA confident as Sabadell balks in €17bn bid; EU flags risks from cross-border stablecoins

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Plus: EU regulator flags risks from cross-border stablecoin issuers, and more

BBVA chair Carlos Torres and Banco Sabadell chief executive César González-Bueno sent sharply divergent signals this week as BBVA’s €17bn hostile bid for Sabadell entered its closing stretch. In a Bloomberg TV interview, Torres downplayed any chance the offer could falter, saying it is unlikely BBVA will miss the 50 per cent acceptance threshold. He characterized a failure scenario as purely theoretical, asserting that momentum remains with BBVA as the deadline nears. González-Bueno, meanwhile, struck a markedly different tone, underscoring how far apart the two sides remain in the final days of the process.

Also in focus: an EU watchdog warned about vulnerabilities tied to stablecoins issued across borders, citing potential regulatory and financial-stability concerns among other developments.

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