The General Services Administration, which houses Gruenbaum’s FAS, claims its procurement review has resulted in more than $52bn in savings. That accounts for over a quarter of the savings Doge claims ...

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s ...

The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco ...

According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking ...

The European Commission officially challenged the Spanish government on Thursday over its attempts to hinder Spanish bank ...

The Commission argues that Madrid's move undermines EU financial regulation and legal certainty for cross-border banking deals ...

Spain's leftist government on Tuesday postponed any merger between banking giant BBVA and rival Sabadell for three years, complicating a hostile takeover bid that could create a new sector colossus.

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.