 Spanish lenders BBVA and Banco Sabadell have scrapped plans to merge after confirming a tie-up less than two weeks ago. Discussions collapsed after the banks disagreed over the price of the transaction. Sabadell, which has a market cap of 2.3 billion euros 2.7 billion, said it would launch a new strategy to prioritize its domestic business after the two parties failed to reach an agreement on the exchange ratio of their shares. 