|Bid||28.79 x 2900|
|Ask||30.90 x 800|
|Day's Range||28.43 - 28.84|
|52 Week Range||28.43 - 34.17|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||14.40|
|Forward Dividend & Yield||1.49 (5.00%)|
|1y Target Est||32.87|
Jim Cramer chats with Santander Executive Chairman Ana Botin, who leads the international bank of about 144 million members.
Brazil's antitrust watchdog Cade is investigating four banks in the country for allegedly creating competition hurdles to digital banking newcomer Nubank, the watchdog said in a statement on Monday. Cade said Banco do Brasil SA, Caixa Economica Federal, Banco Santander Brasil SA and Banco Bradesco SA were denying requests to schedule automatic payments from Nubank clients that also were account holders at those banks. It said the banks would be given a chance to defend themselves and then the case would be sent to the Cade's Administrative Court, which would give a final ruling.
France's Credit Agricole and Spain's Santander plan to combine their custody and asset servicing operations, in a deal that could point the way for European banks to achieve scale without the complexity of a full merger. The new business will have around $3.8 trillion (£2.9 trillion) of assets under custody, closing the gap on European leaders and providing scope for savings and cost reductions. Credit Agricole will own 69.5 percent of the merged unit, which will keep the brand name of Agricole's existing asset management arm - Caceis.
French bank Crédit Agricole has agreed to take over the global custody operations of its Spanish rival Banco Santander to create a new business with $3.8tn of assets as European lenders join forces to achieve greater scale. Crédit Agricole will own 69.5 per cent and Santander 30.5 per cent of the new entity, which will include the Spanish lender’s S3 custody businesses in Spain, Brazil, Mexico and Colombia as well as the French bank’s operations, known as CACEIS. It will have €3.3tn in assets under custody and €1.8bn in assets under administration, with a strong presence in fast-growing Latin America, the companies said in statements on Wednesday.
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the network that banks and other financial institutions use for transferring information securely. Most major financial institutions use SWIFT, as it is considered the gold standard for reliable and secure financial messaging. Originally founded in the 1970s, SWIFT was created when banks around the world decided to collaborate to solve the problem of cross-border payments.
The bank infuriated many of its debt-holders back in February, when it chose to break an established convention and not redeem (or “call,” to use the industry parlance) a similar 1.5 billion euro note, known as a perpetual contingent convertible (or CoCo for short). There has also always been an unwritten rule – in Europe, at least – that they would be called by the issuer on or before their expected redemption date, offering investors some certainty. Given all of this, some market commentators are interpreting Santander’s decision this week to call a separate $1.5 billion (dollar-denominated) CoCo as some kind of olive branch to debt investors.
SANTANDER, Spain/MEXICO CITY (Reuters) - Santander has offered to take full control of its Mexican business through a 2.6 billion euro (£2.3 billion) all-share deal as the Spanish bank chases potentially higher returns available from Latin America. The deal proposed on Friday, which was broadly welcomed by analysts but described as "oppressive" by a major investor, will unwind Santander's listing of 25% of the bank on the Mexican stock exchange in 2012. While record-low interest rates have prevailed across the euro zone for the past 10 years, benchmark rates in Mexico stand at 8.25%, the highest since the 2008 global financial crisis.
SANTANDER, Spain/MEXICO CITY, April 12 (Reuters) - Santander has offered to take full control of its Mexican business through a 2.6 billion euro ($2.9 billion) all-share deal as the Spanish bank chases potentially higher returns available from Latin America. The deal proposed on Friday, which was broadly welcomed by analysts but described as "oppressive" by a major investor, will unwind Santander's listing of 25% of the bank on the Mexican stock exchange in 2012. While record-low interest rates have prevailed across the euro zone for the past 10 years, benchmark rates in Mexico stand at 8.25%, the highest since the 2008 global financial crisis.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Santander-Chile and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.
Banks and the auto sector were the biggest boosts to the benchmark on the day. Italy's MIB led gains in the region with its 0.8 percent rise, having hit an eight-month high earlier the session, while German shares closed up 0.5 percent. Data showed that China's exports rebounded to a five-month high in March, but imports shrank for a fourth straight month and at a faster pace, painting a mixed picture of the economy.
SANTANDER, Spain (Reuters) - Santander will book charges of 100 million euros (£86.5 million) in the first quarter as part of its ongoing cost cuts in the United Kingdom and Poland that involve branch ...
European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States. The pan-European STOXX 600 index was down 0.2 percent at 0718 GMT, on track to end the week lower after two weeks of gains. Concern about sluggish global growth were reinforced this week by central banks in the euro zone and United States, which maintained their dovish stances and separately warned of risks to the world economy.
Santiago, Thursday, April 11, 2019. You are cordially invited to participate in Banco Santander Chile`s (NYSE: BSAC) conference call-webcast on Tuesday, April 30, 2019 at 12.00 PM (Eastern Time) when we ...
Almost 40 percent of the $140 billion in corporate bonds issued in the region last year were denominated in local currencies, the highest percentage since 2012, according to data from Fitch Ratings. Already this year, Brazilian oil giant Petrobras placed almost $1 billion worth of real-denominated bonds and Banco Santander Chile retapped the first-ever floating-rate peso bond sold in the local market. Finance chiefs slashed international debt sales almost 40 percent in 2018 as they avoided the costs of hedging against a strong U.S dollar.
Banco Santander Chile was awarded by Bonds & Loans Latin America under the category Deals of the Year, Financial Institutions, for the bond issuance in August 2018 for the first floating-rate Chilean peso bond in the local market. Bonds & Loans is the only integrated market platform focused on emerging markets on a global scale, serving as a reliable source of information for over 58,000 market agents. Emiliano Muratore, Chief Financial Officer of Banco Santander Chile, stated that "this award highlights the success of this instrument.
Banco Santander Brasil SA Chief Executive Sergio Rial will also become the bank's regional head for South America, the Spanish bank said on Wednesday, as it seeks to ramp up growth in its key emerging market region. The change will see Rial, who has overseen robust growth at Santander's Brazilian unit, assuming additional responsibility over the Andean region, Argentina, Uruguay and Chile, the bank said in a statement. As part of Santander's plans to better integrate its operations, it will seek to turn its Brazilian card processor GetNet into a global business, starting in Mexico and then launching it in the rest of Latin America and Europe.
Ana Botin told CNBC Wednesday that it was crucial to create bigger companies in Europe. Botin defends decision to withdraw appointment of Andrea Orcel as the Spanish bank's new chief executive. The executive chair of the European banking giant Santander Group issued a rallying cry for a common services market in Europe.
Santander assured investors on Wednesday that cost savings in mature markets in Europe and higher profitability growth in Latin America were enough to deliver on midterm financial targets while pushing its digital transformation. Santander said it was aiming for incremental annual cost savings of 1.2 billion euros ($1.4 billion) in the medium term, of which 1 billion euros would come from Europe. Europe's banks are focused on cost savings as they attempt to offset a squeeze on margins due to ongoing record-low interest rates in the euro zone.