BBVA SA Chairman Carlos Torres says he doesn’t intend to resign over his failure to buy rival Banco Sabadell SA. “I will be heading the bank as long as shareholders and the board want me to be doing so,” Torres tells Bloomberg’s Kriti Gupta. His comments come as BBVA’s $19 billion offer for Sabadell was rejected by nearly three quarters of shareholders, ending a takeover saga that has been going on for 17 months.
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BBVA’s Torres Says He’ll Continue to Head the Bank
