Financial Services Observer. A Polarized World: Credit Bubbles in Emerging and Developed Economies
The financial crisis left a deafening echo in investors' ears.The ingredients of any financial bubble are well known: Easy credit availability,...
365 Views
BBVA–Sabadell: Deal Fails Decisively — Institutional and Governance Friction Ends 17-Month Saga
BBVA’s hostile bid for Sabadell failed with <30% acceptance. Our tactical long SAB / short BBVA trade delivered. Hostile, no-premium, all-share...
7.4k Views
BBVA-Sabadell: Final Stretch — Risk/Reward Tilting Sharply
BBVA’s all-stock offer for Sabadell nears expiry with rising momentum but weak structure. Final acceptances hold the key. Tactical long SAB / short...
10.9k Views
BBVA-Sabadell: All-Stock, All-In — But Not a Done Deal
BBVA’s improved all-stock offer ends the discount but leaves minimal premium. With no bump coming, sentiment and threshold risk dominate. Tactical...
4.2k Views
BBVA-Sabadell: Deal Launches Underwater, Arbitrage Still Asymmetric
BBVA’s bid is live but unattractive. With Sabadell gaining strength and the spread still wide, tactical long SAB / short BBVA positioning offers...
9.6k Views