Region: Spain

Spain and Germany move on digital assets

Spain’s securities regulator has softened its stance on cryptoassets, granting investment funds permission to trade in them, while in Germany new legislation on blockchain-based digital securities has entered into effect.

19 May 2021

ECB guidelines “facilitating” Spanish bank M&A as Unicaja and Liberbank merge

Portugal’s Novo Banco has divested its Spain-based businesses, while Spanish lenders Unicaja and Liberbank have won shareholder approval for their merger.

06 April 2021

Santander targets total ownership of Mexican unit, with Cleary advising

Spain’s Banco Santander is launching a bid to reacquire the remaining stake in the Mexican unit it sold almost a decade ago.

29 March 2021

Dutch central bank recruits ESMA chair

The Dutch government has hired the head of the European Union’s securities regulator to lead its banking supervision department.

25 March 2021

Community roundup: Linklaters names global banking heads; Davis Polk hires OCC alum in DC

Linklaters has named Madrid- and London-based partners to head its banking practice, while Davis Polk & Wardwell has hired from Buckley in Washington, DC.

18 January 2021

Santander snaps up Wirecard payments platform, with A&O advising

Allen & Overy is advising Santander on its acquisition of Wirecard’s core technology assets, the latest in a series of firesales at the collapsed German payments firm which is facing claims worth over €12 billion.

18 November 2020

Sullivan & Cromwell and Wachtell Lipton advise as PNC buys BBVA USA

Pittsburgh-based PNC has agreed the purchase of Spanish bank BBVA’s US subsidiary – setting off a regulatory approvals process that will extend into the Biden administration.

18 November 2020

Uría Menéndez and Garrigues advising on Caixa-Bankia merger

Board members of CaixaBank have approved its €3.8 billion purchase of domestic counterpart Bankia – in a deal it says will make its non-performing loan ratio the lowest in Spain.

22 September 2020

“A step towards returning to normality”: European short-selling bans lifted

Six European countries are ending short-selling bans imposed at the outset of the covid-19 crisis.

20 May 2020

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