Boss of Spanish bank BBVA has picked a fight he looks like losing

Carlos Torres Vila has taken an unusual and risky step in his attempt to buy Banco Sabadell, a smaller domestic rival – he has gone hostile

BBVA chairman and chief executive Carlos Torres Vila: his takeover is being opposed by the Spanish government, which is worried about the impact of the takeover on the domestic financial sector, jobs and customers. Picture: H Bilbao/Europa Press via Getty