3.7700 0.00 (0.00%)
After hours: 4:19PM EDT
|Bid||3.7900 x 300400|
|Ask||3.8800 x 321800|
|Day's Range||3.7700 - 3.8800|
|52 Week Range||3.7700 - 5.4300|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||7.82|
|Earnings Date||Jan 25, 2017 - Feb 1, 2017|
|Forward Dividend & Yield||0.26 (6.94%)|
|1y Target Est||5.05|
RBS and Santander have been told to appoint independent bodies to monitor their payment protection insurance processes after falling foul of competition rules for the second time since 2016. The UK’s competition watchdog said on Friday the two banks had either failed to send or had sent out inaccurate annual PPI reminders, in breach of a 2011 order that followed the major PPI mis-selling scandal that developed over a period of decades. The Competition and Markets Authority said RBS had failed to provide reminders to almost 11,000 of its customers for up to 6 years, meaning those affected were unable to fully assess whether they wanted to continue paying for PPI.
Britain's competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers who have payment protection insurance (PPI), amid a mis-selling scandal over the policies. The two banks failed to adequately remind customers about their PPI, some of whom might be due compensation as a result of Britain's biggest ever consumer banking controversy, in which more than 36 billion pounds ($44 billion) has been paid back to those affected. Both previously breached an order by the Competition and Markets Authority (CMA) requiring banks to send annual reminders to customers about PPI, the CMA said.
Santander said the change will allow the bank to focus on originating and servicing mortgage loans in-house.
BOSTON, Aug. 19, 2019 /PRNewswire/ -- In an effort to create and encourage a positive environment that deflects bullying and supports inclusivity, Santander Bank today announced a new anti-bullying campaign called "Red Card Against Bullying." In partnership with the New England Revolution, the campaign will benefit the New England chapter of Playworks, a national nonprofit organization that partners with elementary schools to lead inclusive recess where students are encouraged to be physically active and develop healthy social behaviors.
BOSTON, Aug. 13, 2019 /PRNewswire/ -- Santander Bank today announced that Paul Cronin has been selected to lead the Bank's asset based lending ("ABL") business in its Commercial Banking division. Cronin will be responsible for growing Santander's ABL business, a full-service provider with a highly diversified portfolio and particular expertise in equipment financing, wholesale trade and financial services.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Zurich Santander Seguros Uruguay S.A. New York, August 08, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Zurich Santander Seguros Uruguay S.A. 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.
Banco Santander Brasil SA launched a service on Thursday that allows small merchants to capture payment transactions through its card processor company GetNet without buying the bank's card reader machine. The bank targets nearly 4 million clients that currently use their own card reader machines or those made by rivals. GetNet aims to gain between 300,000 and 400,000 new clients through this migration.
BOSTON , Aug. 1, 2019 /PRNewswire/ -- Santander Bank announced today it has lowered its prime rate from 5.50% to 5.25%, effective July 31, 2019 . Santander Bank , N.A . is one of the country's largest ...
MADRID/LONDON (Reuters) - Santander has accused Andrea Orcel, who is suing the Spanish bank for 100 million euros ($111 million) after it withdrew an offer to make him its chief executive, of "dubious ethical and moral behaviour". Orcel, one of Europe's most high-profile bankers, filed a lawsuit in Madrid this month claiming breach of contract. Orcel has alleged that a four-page letter written in September in which Santander offered him the job, along with a stock and bonus package to compensate for deferred pay he risked losing by quitting UBS, is legally binding.
Moody's Investors Service has today taken rating actions on six Portuguese banking groups, prompted by the rating agency's change of the banking Macro Profile of Portugal (Baa3 stable) to "Moderate+" from "Moderate" in combination with the continued improvement in the banks' credit fundamentals, notably asset risk. - Upgrade of Caixa Geral de Depositos, S.A.'s (CGD) deposit ratings to Baa3/Prime-3 from Ba1/Not Prime and affirmation of the bank's senior unsecured debt ratings at Ba1. The outlook on the long-term deposit ratings remains stable, the outlook on the senior unsecured debt ratings has been changed to stable from negative.
Santander US Appoints Timothy Wennes as President and CEO of Santander Bank, N.A., and Juan Carlos Alvarez as Santander US and SBNA CFO Santander Consumer Appoints Fahmi Karam as CFO, and Shawn Allgood ...
Banco Santander Brasil SA will launch an online platform in September, allowing Brazilians to borrow funds using a wide range of collateral, from their homes to motorcycles, Chief Executive Officer Sergio Rial told journalists on Tuesday. Rial said the move - the first among major banks in Brazil - is aimed at offering cheaper loans for consumers with useable collateral. The announcement came days after Japan's SoftBank Group Corp led a $231 million financing round for Brazilian lending platform Creditas, which has specialized in loans secured by assets.
A surge in automakers and strong earnings from Europe's banking heavyweights lifted the main STOXX 600 index to its highest level in more than two weeks on Tuesday, with investors taking political upheaval in Britain and Spain in their stride. The pan-European benchmark closed at its highest since July 4 as automakers rallied 3.8% for their strongest performance since early January. "Industrials are up because they are cheap and unloved and none of them produced bad enough numbers," said Toby Clothier, co-head of Global Thematic Group at Mirabaud Securities in London.
PayPal (PYPL) is up an impressive 42.5% YTD, continuing a very strong growth trend since the company's spin-off from eBay (EBAY). Here's what investors should expect from PYPL's Q2 earnings report.