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Banco de Sabadell SA (SABE.MC)

SABE.MC on Madrid SE C.A.T.S.

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10 Dec 2018
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Fri, Dec 7 2018

Spain's Sabadell has no plan to sell TSB, wants it to acquire assets

MADRID, Dec 7 Spain's Sabadell has no plans to sell its TSB unit and wants the bank to start buying other assets once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Spain's Sabadell plans eventual merger or sale of British unit TSB -media

MADRID, Dec 7 Spain's Sabadell plans an eventual merger or sale of its TSB unit once it has returned the British bank to profitability, Sabadell's chairman was quoted as saying on Friday.

UPDATE 2-Spain's Sabadell exceeds forecasts despite TSB outage costs

* Caixabank Q3 net profit down 28 pct due to Repsol sale (Adds details and gives breakdown on results)

Spain's Sabadell Q3 net profit down 37.4 pct on charges due to TSB costs

MADRID, Oct 26 Spain's Banco Sabadell on Friday announced a 37.4 percent decline in third-quarter net profit to 127.2 million euros ($144.6 million) after extraordinary costs of 87.7 million euros related to an IT outage at its British unit TSB.

Sabadell plans further cut in Spanish real estate business - source

MADRID, Oct 24 Spain's Banco Sabadell has mandated investment bank Alantra to sell its real estate management unit Solvia Servicios Inmobiliarios, a source with knowledge of the matter said on Wednesday.

UPDATE 4-Spain's Sabadell counts cost of TSB IT failure

* Sabadell shares fall more than 5 percent (Adds Sabadell CFO comments, details)

Spain's Sabadell books Q2 net loss after TSB's IT-failure costs

MADRID, July 27 Spain's Banco Sabadell on Friday announced a loss of 138.7 million euros ($161.6 million) in the second-quarter after extraordinary costs of 203.1 million euros related to its IT outage at its British unit TSB.

Sabadell nears sale of assets worth 3.3 billion euros after Cerberus deal: source

MADRID Banco Sabadell is close to selling two real estate loan portfolios with a gross value of 3.3 billion euros ($3.8 billion), a source with knowledge of the matter said on Thursday, after it sold two portfolios to Cerberus.

Sabadell nears sale of assets worth 3.3 bln euros after Cerberus deal - source

MADRID, July 19 Banco Sabadell is close to selling two real estate loan portfolios with a gross value of 3.3 billion euros ($3.8 billion), a source with knowledge of the matter said on Thursday, after it sold two portfolios to Cerberus.

Spain's banking deposit fund in talks with Sabadell, BBVA to simplify asset sales

MADRID, June 22 Spain's bank-funded deposit guarantee fund (FGD) is in talks with Banco Sabadell and BBVA to simplify toxic real asset sales, the deputy governor of Bank of Spain said on Friday.

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