|Bid||4.066 x 103900|
|Ask||4.100 x 5360800|
|Day's Range||4.0465 - 4.1290|
|52 Week Range||3.8650 - 6.0930|
|Beta (3Y Monthly)||1.64|
|PE Ratio (TTM)||9.83|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||0.14 (3.52%)|
|1y Target Est||6.17|
Warsaw led a rise of Central Europe's main stock indices on Wednesday as U.S. President Donald Trump generated optimism about a trade deal with China, helping global equities markets. Warsaw's bluechip ...
Banco Santander Brasil may expand its assets by up to 8 percent next year, above the country's GDP growth rate, Chief Financial Officer Angel Santodomingo told investors on Tuesday. The announcement comes ...
Swiss private bank Julius Baer is in talks about transferring its Venezuelan book of business to Spain's Banco Santander as Baer reorganises operations in Latin America, sources close to the situation have told Reuters. Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina. A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer's Venezuelan book of business were under way but had not yet been concluded.
Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain's Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina. A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer's Venezuelan book of business were under way but had not yet been concluded.
FRANKFURT/LONDON/MADRID, Dec 5 (Reuters) - Investment firm Varde Partners is planning to float its Spanish online bank WiZink next year, with investment banks UBS and Goldman Sachs likely to be selected as IPO coordinators, people close to the matter said. WiZink is expected to have a market capitalisation of around 2.5-3 billion euros ($2.8-$3.4 billion) and the initial public offering (IPO) would come in the third quarter of 2019, one of the sources added. Goldman Sachs and WiZink declined to comment, while UBS did not immediately respond to a request for comment.
Rating Action: Moody's assigns definitive ratings to Guincho Finance Portuguese ABS notes backed by NPLs issued by Hefesto, STC, S.A. Moody's has not assigned any ratings to E25,000,000 Class J Asset-Backed Variable Return Notes due November 2038 and E3,100,000 Class R Notes due November 2038. The NPLs consist of defaulted secured loans, equal to E234.8 million, which are backed by residential, commercial/industrial properties and land located in Portugal.
Santander is ramping up its focus on the ultra-wealthy as the global bank puts more resources into its private wealth arm, with the aim of adding tens of billions to its assets under management within the next three years. The wealthy in other countries such as the UK and the US, where Santander’s private bank is weaker, will be targeted through the bank’s retail network and its presence in Miami. Victor Matarranz, the head of the wealth management division, said that the bank would aim for “organic” growth rather than acquisitions to achieve its goals — though these remained an option.
Britain's biggest banks are ploughing ahead with plans to set up a new dispute resolution system for small firms wronged by lenders, despite opposition from members of Parliament who say the planned remedies are too weak. UK Finance, a City trade body, said seven banks including RBS (RBS.L), Lloyds (LLOY.L) and Barclays (BARC.L) would set up and fund a complaints service capable of resolving disputes and paying awards of up to 600,000 pounds.
“2019 is going to be a quite active year,” said Santander Brasil’s head of Equities Andre Rosenblit. This scenario has changed,” Rosenblit said in an interview at the bank’s Sao Paulo office. The outlook’s shift for equity offerings in Latin America’s largest economy has taken place amid investors’ expectations that President-elect Jair Bolsonaro’s administration will embrace a market-friendly agenda, aiming to privatize inefficient state-owned companies and pushing through fiscal measures to fix the country’s rising public debt, especially an overhaul in Brazil’s social security system.
All seven British banks and building societies in this year's Bank of England stress test passed, indicating they could withstand a disorderly Brexit without having to curb lending. The BoE's Financial Policy Committee (FPC) said on Wednesday that it has reviewed a scenario whereby Britain crashes out of the European Union in March with no deal or transition period. "The FPC judges that the UK banking system is strong enough to continue to serve UK households and businesses even in the event of a disorderly Brexit," it said in its twice-yearly Financial Stability Report.
Britain risks a bigger hit to its economy than during the global financial crisis a decade ago if it leaves the European Union in a "disorderly" manner in March next year, the Bank of England warned on Wednesday. This "disorderly" scenario is not what the central bank sees as the most likely outcome should Britain leave the EU without a deal, but does represent a plausible outcome which it has asked British banks to protect themselves against. "The UK banking system is strong enough to continue to serve UK households and businesses even in the event of a disorderly Brexit," it said in a statement.
The ratings of the Notes are primarily based on the analysis of the credit quality of the underlying portfolio, the structural integrity of the transaction, the roles of external counterparties and the protection provided by credit enhancement. The Notes' ratings are sensitive to the performance of the underlying portfolio, which in turn depends on economic and credit conditions that may change.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Banco Santander SA (BME:SAN) has been Read More...
Pymes Santander 13 is a cash securitisation of standard loans and credit lines granted by Banco Santander S.A. (Spain) ("Santander", Long Term Deposit Rating: A2 Not on Watch /Short Term Deposit Rating: P-1 Not on Watch) to small and medium-sized enterprises (SMEs) and self-employed individuals located in Spain. The upgrade is prompted by the increase in the credit enhancement (CE) available for the affected tranche due to portfolio amortization. Class A credit enhancement level has increased to 31% from 21.5% observed at last rating action in May 2018, a 49% increase in relative terms since the closing date of the transaction in January 2018.
Britain's bank bosses are hoping for the green light to return more capital to long-suffering investors when the Bank of England publishes results next week from its annual stress test of leading lenders. A decade after the financial crisis that triggered taxpayer-funded bank bailouts, the central bank has said repeatedly that they now hold enough capital to withstand extreme theoretical shocks such as Britain crashing out of the European Union next March without a deal. The Bank of England has acknowledged that there was no need, therefore, to make the tests any tougher than last year, raising hopes of positive outcomes when the numbers are delivered at 0700 GMT on Nov. 28.
MADRID (Reuters) - Chinese President Xi Jinping will travel to Spain next Wednesday for an official visit expected to focus on trade and tourism. On Tuesday, trade ministers will meet representatives of ...
Britain has failed to secure improvements to its proposed future trading relations in financial services with the European Union after Brexit, according to a draft document, disappointing some executives who expected concessions. The three paragraphs on future relations in financial services, one of its most important export sectors, are little changed from an initial draft released last week, the document seen by Reuters showed. As long indicated by the EU, Britain, Europe's biggest financial centre, is offered EU market access based on the bloc's "equivalence" system, which is used by non-EU states like the United States, Japan and Singapore.
Santander Consumer USA Holdings Inc, a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, an affiliate of the Spanish banking group Banco Santander SA, promised drivers lower monthly fees by allowing them to make interest-only payments without explaining this would increase the total cost of the loan, the Consumer Financial Protection Bureau (CFPB) said. Santander Consumer is one of the nation's largest subprime auto lenders and manages about $52 billion in loans to 2.7 million customers, the lender has said.
Moody's issues provisional ratings in advance of the final sale of financial instruments, but these ratings only represent Moody's preliminary credit opinions. The transaction is a cash securitisation of standard loans and credit lines granted by Banco Santander S.A. (Spain) ("Santander", Long Term Deposit Rating: A2 Not on Watch /Short Term Deposit Rating: P-1 Not on Watch) mainly to small and medium-sized enterprises (SMEs) and self-employed individuals located in Spain. The ratings of the Notes are primarily based on the analysis of the credit quality of the underlying portfolio, the structural integrity of the transaction, the roles of external counterparties and the protection provided by credit enhancement.
Campos Neto, Treasury director for the Americas at Banco Santander, will replace Ilan Goldfajn, according to a text message from incoming Finance Minister Paulo Guedes. The appointment needs to be approved by Congress.
MILAN/LONDON (Reuters) - With world equity markets set to call time on one of the longest bull markets in history, so-called 'value stocks' - wallflowers during the technology-led boom years - are suddenly back in fashion. European value stocks, defined generally as firms whose fundamental worth is not reflected in their current share price, have outperformed growth stocks since early October as a dramatic sell-off swept across global equity markets unnerved by gradual end of a decade of easy money and rising trade tensions.
A European Union court ruled on Thursday that a Spanish scheme to give a tax advantage to companies investing in foreign businesses was illegal state aid that had to be repaid. Spain introduced a law in 2001 that allowed goodwill to be deducted from tax in the form of an amortisation for holdings in foreign companies of at least five percent if held for one year. The European Commission determined in decisions in 2009 and 2011 that this amounted to illegal state aid, prompting a legal challenge from Spanish companies, including Banco Santander (SAN.MC), Autogrill Espana and Santusa Holding.