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Spain's Sabadell said on Saturday its board has rejected an offer from Co-operative Bank for its British subsidiary TSB, after Sky News first reported about the approach.
1 Min Read MADRID, April 29 (Reuters) - The Bank of Spain called on lenders on Thursday to potentially increase provisions against a likely further rise in bad loans as the macroeconomic setting remains shaky due to the COVID-19 pandemic. “Provisions for credit risk in the Spanish business were significant, but this effort should be maintained over time and even increased depending on the efficiency of the support measures and the evolution of the macroeconomic scenario,” the central bank said in its semiannual financial stability report. It warned of a “very likely” and “significan...