|Bid||4.0100 x N/A|
|Ask||4.0125 x N/A|
|Day's Range||3.9945 - 4.0565|
|52 Week Range||3.8000 - 5.1500|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||9.25|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.23 (5.10%)|
|1y Target Est||N/A|
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.
Could Banco Santander, S.A. (BME:SAN) be an attractive dividend share to own for the long haul? Investors are often...
Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient.
“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.
Wells Fargo's CEO pay package has trailed peers in recent years in the aftermath of a wide-ranging sales practices scandal. Wells Fargo is also the smallest of the top four retail banks by assets. The board will likely pay the next CEO $15 million-$20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC. That compares with the $25 million (19 million pounds) that CEOs of top retail banks earned last year on average.
Wells Fargo's CEO pay package has trailed peers in recent years in the aftermath of a wide-ranging sales practices scandal. The board will likely pay the next CEO $15 million-$20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC. That compares with the $25 million that CEOs of top retail banks earned last year on average. Wells Fargo may also need to set aside funds to match stock-based compensation a candidate has at a current employer, compensation consultants and recruiters said.
A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance. Banks and other financial firms are not legally required to put customers' interests ahead of their own.
Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong. Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health. Michael Izza, chief executive of the ICAEW, said the idea of independent checks was gathering momentum.
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 ...
Bank of America Corp. was the only one of 12 banks in a recent J.D. Power survey with a below-average rating in retail customer satisfaction in New England. In terms of the study, the rating is a setback for BofA (NYSE: BAC) in the region.
Asto, the Santander-owned "upstart" developing financial tools for freelancersand SMEs, is adding invoice financing to its bookkeeping app
The United Kingdom Debt Management Office said on Friday that it had named Citi, HSBC, RBS unit NatWest Markets and Santander to act as joint bookrunners for the upcoming multi-billion pound syndication of a new bond with a maturity of around 40 years. The syndication is the first of five this financial year which aim to raise a total 21 billion pounds ($27.4 billion), and will take place in the week starting May 13. The DMO said it would set the bond's coupon in due course as well as the exact maturity of the bond, which will be in a range of 2054 to 2061.