BBVA Chairman says he will not step down despite failure in Sabadell bid
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BBVA Chairman Carlos Torres announced he will not resign following the bank's unsuccessful 16.32 billion euro takeover bid for Sabadell. Despite the setback, Torres emphasized that the outcome of the bid does not affect his position, asserting he has the full support of the BBVA board and shareholders. The failed bid is seen as a significant disappointment for Torres, who was the main proponent of the offer.
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