|Bid||2.1845 x 0|
|Ask||2.1895 x 0|
|Day's Range||2.1650 - 2.2645|
|52 Week Range||1.9284 - 4.6820|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||6.00|
|Earnings Date||May 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 30, 2020|
|1y Target Est||6.17|
Santander Holdings USA, Inc. ("Santander US") announced today that Brian R. Yoshida has been named Chief Legal Officer, effective May 4, 2020, and Joe Abruzzo has been named Head of Commercial Banking for Santander Bank, N.A. ("Santander Bank" or "the Bank"), effective June 1, 2020. Both Yoshida and Abruzzo will report to Tim Wennes, Santander US CEO and Country Head, and Santander Bank President and CEO, and will be members of the Santander US executive leadership team.
The Financial Conduct Authority said on Thursday it would add car financing to the temporary relief measures aimed at supporting households facing sudden financial hardship as result of the coronavirus. As expected, the FCA also confirmed proposals set out last week requiring banks to offer a three-month payment freezes on loans and credit card debt. "We know there is still more work to be done, and we will be announcing further measures to support consumers in other parts of the credit market in the future, including in the motor finance sector next week," FCA Interim Chief Executive Christopher Woolard said in a statement.
FT Santander Consumo 3 is a 12 month revolving securitisation of consumer loans granted by Banco Santander S.A. (Spain) ("Santander"), (A2/P-1 Bank Deposits; A3(cr)/P-2(cr)), to private obligors in Spain. Santander is acting as originator and servicer of the loans while Santander de Titulizacion S.G.F.T., S.A. (NR) is the Management Company ("Gestora"). As of 31 March 2020, the portfolio is composed of 226,148 consumer loans granted to private obligors located in Spain, 98.5% of the loans are paying fixed rate.
Portugal's banking association is calling on the government and the European Union to stimulate the economy to prevent a sharp rise in bad loans as a result of the coronavirus crisis. "It is crucial to adopt measures to mitigate the effects of this public health situation on the ability of companies and families to continue to be able to guarantee the payment of their (credit) responsibilities," Portuguese Banking Association head Fernando Faria de Oliveira told Reuters. Portugal's tourism-dependent, export-driven economy is wilting from the sudden drop in global demand, with more than 30,000 firms applying for government support to pay half a million workers as activities grind to a halt.
Brazil's central bank is requiring banks to report if they intend to pay shareholders dividends above minimum levels required by regulations or bylaws, a person with knowledge of the matter said on Monday. The requirement adds to speculation that the central bank, which has unveiled extraordinary measures to support the financial system amid the coronavirus pandemic, may impose a temporary cap on banks' dividends. In March, the European Central Bank (ECB) asked euro zone lenders to skip dividend payments and share buybacks until October at the earliest, using their profits instead to support the economy.
Moody's Investors Service ("Moody's") has today changed to negative, from stable, the outlook on the ratings of Banco de Chile, Banco Santander-Chile (Santander), Banco del Estado de Chile (Banco Estado) and Itaú CorpBanca (Itaú). At the same time, Moody's downgraded the standalone baseline credit assessments (BCAs) of Banco de Chile and Santander to baa1, from a3, respectively, and downgraded Banco de Chile's global local and foreign currency subordinated debt ratings to (P)Baa2, from (P)Baa1.
Daimler said on Thursday it has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options. The new loan facility can be utilized within a 12-month period with two extension options of six months, Daimler said, adding the line was agreed with BNP, Banco Santander , Deutsche Bank and JP Morgan on April 1.
Moody's has not assigned any rating to the EUR[ ]M Class F Fixed Rate Notes due December 2031. FT Santander Consumo 3 is a 12 month revolving securitisation of consumer loans granted by Banco Santander S.A. (Spain) ("Santander"), (A2/P-1 Bank Deposits; A3(cr)/P-2(cr)), to private obligors in Spain.
The Bank of England welcomed moves by Britain's biggest banks to suspend dividends and said it also expects them not to pay cash bonuses to senior staff during the coronavirus epidemic. The BoE's Prudential Regulation Authority said banks entered the pandemic, which has put Britain into lockdown, with strong capital positions, enough to withstand a severe UK and global recession. "The PRA also expects banks not to pay any cash bonuses to senior staff, including all material risk takers, and is confident that bank boards are already considering and will take any appropriate further actions with regard to the accrual, payment and vesting of variable remuneration over coming months," the PRA said in a statement.
Moody´s de México, ("Moody´s") has today assigned A3 and Aaa.mx long-term global local currency (GLC) and Mexican National Scale senior unsecured debt ratings to the two proposed issuances of Certificados Bursátiles Bancarios (BSMX 20 and BSMX 20-2) to be issued by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander Mexico (Banco Santander México, S.A.) (Santander México). The outlook on the global debt ratings is negative.
European hedge funds struggled to navigate the coronavirus-induced extreme market volatility during March, with many down by double-digits in the space of a few weeks as short-selling bans hampered their strategies. Regulators in France, Italy, Belgium and Spain ordered temporary short-selling bans to stop investors betting on a fall in the share price of companies ranging from Spanish bank Santander to Air France-KLM and Italian automaker Fiat Chrysler. Short-selling is a strategy often used by so-called 'event-driven' or 'merger-arbitrage' hedge funds that bet on takeover or merger deals, reducing their risk by shorting, or selling, the acquirer and buying the target company.
Eastern Bank, Citizens Financial Group and others are launching special initiatives to get money to small businesses struggling or shuttered because of the coronavirus outbreak.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Santander, S.A. (Uruguay) -- (Santander Uruguay) -- and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Big U.S. banks may cut dividends for political rather than financial reasons as a growing chorus of lawmakers, former regulators and consumer advocates say it is inappropriate for them to tap emergency funding programs while paying out cash to shareholders. "That is not enough," said Sheila Bair, former chair of the Federal Deposit Insurance Corp, in an interview on Tuesday.
Overview Stelios Haji-Ioannou, Easyjet Plc's founder and largest shareholder, said the airline's fleet should be reduced to 250 from 344 as airlines worldwide cut costs due to widespread travel curbs imposed to stem the spread of the coronavirus. Banco Santander SA's Chairman, Ana Botin, has committed to reduce her total compensation by 50% for 2020 to back a 25 million euros ($26.92 million) medical equipment fund created by the company to combat the coronavirus outbreak. The UK government has reached out to Amazon.com Inc and other companies about using their services to step up the delivery of coronavirus tests to frontline health workers.
Banco Santander Brasil SA , one of Brazil's top lenders, said on Monday that it would refrain from firing workers "amid the most critical period" of the coronavirus outbreak. The bank, which has roughly 47,000 employees, did not specify what it meant by the "most critical period" of the pandemic. Last week, Santander Brasil said it would furlough part of its workforce for 15 days in Sao Paulo and Rio de Janeiro as it closes some branches in both cities due to the coronavirus outbreak.
Santander US ("Santander") announced today that it is taking important steps across its businesses to assist and support its customers, employees and communities impacted by the Coronavirus pandemic. In addition, Santander has taken numerous precautionary measures to help mitigate the risk of contagion.
Worst hit is Italy. Close behind is Spain, which said on Saturday that its death toll from the virus-caused Covid-19 illness had reached more than 1,300 after having surpassed 1,000 the previous day. Spain has just completed the first week of a national lockdown.
Banks and their supervisors must remain vigilant in light of the evolving nature of the COVID-19 epidemic to ensure that the global banking system remains financially and operationally resilient, global regulators said on Friday. The Basel Committee of banking supervisors from the world's main financial centres said it held a teleconference on Friday and supported measures taken by members so far.
Many of Mexico's top banking and financial brass are under quarantine or having to work from home after having attended an annual industry bash at a Pacific getaway last week where at least one participant later tested positive for coronavirus. In contrast to much of Latin America, Mexico's government has so far taken a hands-off approach to tackling the fast-spreading virus, letting large-scale events go ahead, including the swanky banking conference in the beach resort of Acapulco and a music festival in Mexico City. Then a high-ranking official at Mexico's central bank tested positive after participating in the convention, which was also attended by the president, finance minister and hundreds of senior bankers.