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Banco de Sabadell SA (SABE.MC)

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

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18 Apr 2019
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Fri, Mar 29 2019

Sabadell hires JP Morgan to weigh options for its asset management unit-source

MADRID, March 29 Spain's Banco Sabadell has hired U.S. investment bank JP Morgan to find potential investors for the lender's asset management division, a source familiar with the matter said on Friday.

Sabadell could consider sale of a revamped TSB - chairman

ALICANTE, Spain Retail bank TSB needs to turnaround its business and cut costs before becoming a candidate for a sale or to take part in any consolidation in Britain, the chairman of parent Banco Sabadell said on Wednesday.

Sabadell could consider sale of a revamped TSB - chairman

* TSB crisis postpones Sabadell's profitability target by one year

IT meltdown at Britain's TSB burdens Spanish parent Sabadell

LONDON Britain's TSB Bank, a subsidiary of Spain's Sabadell, plunged to a 105.4 million pound ($137.9 million) loss last year as costs from a major IT meltdown ratcheted up further.

UPDATE 2-IT meltdown at Britain's TSB burdens Spanish parent Sabadell

* TSB execs forego bonuses after IT disaster (Adds Sabadell shares and analyst comment)

Spain's Banco Sabadell 2018 net slumps 54 pct, hit by TSB

MADRID, Feb 1 Spain's Banco Sabadell posted on Friday a 54 percent slump in 2018 net profit, hit by 292 million euros ($333.81 million) in costs from an IT outage at its British bank TSB.

UPDATE 1-Intrum buys Sabadell's real estate servicer to boost Spain presence

Dec 14 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Intrum buys Banco Sabadell's real estate servicer Solvia

Dec 14 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Spain's Sabadell aims to strengthen TSB to make acquisitions

MADRID Sabadell wants its British unit TSB to start buying other businesses once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

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

MADRID 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.

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