|Bid||28.00 x 900|
|Ask||28.00 x 800|
|Day's Range||27.98 - 28.41|
|52 Week Range||27.51 - 33.32|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||13.99|
|Forward Dividend & Yield||1.13 (4.04%)|
|1y Target Est||32.30|
Fridman’s hostile bid for struggling Spanish grocer Distribuidora Internacional de Alimentacion SA won shareholder approval earlier this month. When DIA said in December it needed shareholders to stump up 600 million euros ($669 million) to cut debt, Fridman refused to bail out the discredited management team.
Spain’s market regulator is to “study and analyse” comments made by Santander executive chair Ana Botín about an agreement with Russian billionaire Mikhail Fridman’s holding company LetterOne over its supermarket chain Dia Group. Mr Fridman’s company had secured commitments from all of the lenders except for Santander, which complained that LetterOne was not asking its bondholders, who are due a €300m payment in July, to also make a similar sacrifice.
“Finally the Chairman of LetterOne has committed to work to eliminate the discrimination between bondholders and banks of DIA,” Santander Chairman Ana Botin said on Twitter. LetterOne had been pushing for weeks to clinch support from banks to green-light its restructuring plan for DIA, as the grocer is known.
The largest shareholder of Spain’s struggling Dia Group, Russian billionaire Mikhail Fridman’s holding company LetterOne, has reached a last-minute deal with Santander, its larger creditor, hours before a deadline to begin insolvency proceedings. “At last, the chairman of Letter One has committed to work to eliminate discrimination between Dia’s bondholders and lenders, which we believe is the fair thing to do. Santander will continue to act responsibly in supporting Dia and its employees,” Santander chairwoman Ana Botín said on twitter on Monday.
The ECB is among bondholders that may be forced to take losses as a condition for Banco Santander SA to let Mikhail Fridman’s LetterOne investment fund recapitalize Distribudora Internacional de Alimentacion SA. The Bank of Spain bought DIA’s notes in 2016 as part of the ECB’s corporate bond purchase program. Santander opposes LetterOne’s plan because it prioritizes bondholders over bank lenders, people familiar with the matter said this week.
“In terms of senior visible executives, I actually think the asset management industry is doing quite well,” Lord, who’s head of Europe, Middle East and Africa at BlackRock, said during a panel discussion at the Bloomberg Equality Summit in London on Thursday. Investors are almost all “male, white, British,” she said at the summit held at Bloomberg’s European headquarters.
Benzinga’s Securities Lending Volatility Index (SLVX) Powered by Tidal Markets, is an indicator that forecasts stock market activity for broader indices and individual securities. Banco Santander (SAN) together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. After the spike in share price, SAN lost -5.93% in the proceeding 6 trading days, closing on April 25th at $4.91 a share.
Santander is aiming to close 1,150 branches in Spain and cut just over 3,700 jobs, or around 11 percent of its workforce in the country as it integrates Banco Popular, unions said on Tuesday. "This reduction will mainly affect the commercial network and its intermediate support structures, although it will also affect the principal offices," Spanish union Comisiones Obreras said in a statement. Santander declined to comment.
Santander is aiming to close 1,150 branches in Spain and cut just over 3,700 jobs, or around 11 percent of its workforce in the country as it integrates Banco Popular, unions said on Tuesday. Since the financial crisis in 2008, the number of branches in the Spanish banking sector has declined by more than 40 percent while the number of employees has shrunk by more than 30 percent.
MADRID (AP) — A Saudi cargo ship that Spanish arms control groups suspect is carrying European weapons for possible use in Yemen left the port of Santander on Monday and sailed for Genoa, Italy.
A Saudi vessel that had been due to load arms in France left the country's Le Havre port without its arms cargo and is now sailing towards Santander in Spain, according to ship tracking data and comments ...
Central Europe's main currencies and some traded stocks eased slightly on Tuesday amid jitters over a possible escalation in the trade dispute between the United States and China, the world's two largest ...
Santander-Chile had its Annual Shareholder`s Meeting this on April 23, 2019, where various topics were voted on, including the designation of the local risk rating agencies. On this occasion, it was decided to hire ICR Chile instead of Feller Rate, in line with the natural process to rotate the agencies that evaluate the Bank. With this, the Bank is currently rated on a local level by Fitch Chile and ICR Chile for the year 2019.
Asto, the Santander-owned "upstart" developing financial tools for freelancersand SMEs, is adding invoice financing to its bookkeeping app
The chairman of the board of the Mexican unit of Spanish bank Santander, Marcos Martinez Gavica, will leave his position, the bank said in a statement on Thursday. Martinez Gavica has been with Santander for over two decades, the statement added, noting that the executive will stay in his current post through April of next year. Santander last month offered to take full control of its Mexican business through a 2.6 billion euro (2.23 billion pounds) all-share deal as it chases potentially higher returns in Latin America.
The Santiago, Chile-based bank said it had earnings of 39 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...
Banco Santander Brasil SA's aggressive pace of growth in lending may decelerate this year, as Chief Executive Sergio Rial said on Tuesday that demand for corporate loans has been weak and competition is likely to be fiercer. Rial told journalists he expects the bank's extended loan book to reach around 400 billion reais ($101.5 billion) by December. If Santander does not surpass this target, it would mean a loan book growth of roughly 3.5 percent in 2019, around one-third of the 11.2 percent growth posted in 2018.
Banco Santander Brasil SA expects its pace of loan book growth to decelerate through the end of the year. Chief Executive Sergio Rial told journalists on Tuesday he expects the bank's loan book to reach ...
The bank, based in Madrid, said it had earnings of 12 cents per share. The financial holding company posted revenue of $13.72 billion in the period. Its revenue net of interest expense was $13.72 billion, ...