Banco Santander S.A. Sponsored ADR (SAN)
Santander mulls exit from UK
Santander is mulling quitting the UK due to lower returns than other countries, a source told the Financial Times The lender's Spanish parent company is considering a number of options, they said, due to "frustrations" with the UK in recent years. Santander UK suffers from various problems, the former executive said, including a "persistently high cost base, the UK's ring-fencing regime, its independent board, and the fact that it did not benefit from rising interest rates in recent years as much as its other markets like Spain".
Santander Reportedly Considering Exit of UK Banking Market
Santander is reportedly rethinking its U.K. presence 20 years after entering the British banking market. The Spanish lender is weighing a number of options, including exiting the U.K. entirely, the Financial Times (FT) reported Sunday (Jan. 19), citing sources familiar with the matter.
Santander considers UK exit amid frustrations with high street banking, FT reports
Banco Santander is reconsidering its presence in Britain two decades after its acquisition of Abbey National made it a major player on UK high streets, the Financial Times newspaper reported on Saturday, citing people familiar with the matter.
Fed will cut rates again in December, says Santander's Stephen Stanley
Stephen Stanley, Santander U.S. Capital Markets chief U.S. economist, joins 'Power Lunch' to discuss November's Federal Reserve minutes.
Head of Santander's Portuguese arm says Novo Banco could be of interest
The Portuguese arm of Spanish banking giant Santander would consider a potential acquisition of rival Novo Banco, depending on price, Santander Totta's CEO said on Tuesday.
Santander UK sets aside $375 mln to cover possible motor finance redress claims
The UK arm of Spain's Banco Santander , said on Wednesday it had set aside 295 million pounds ($375 million) to cover possible costs related to an industry-wide probe into motor finance commissions.
Santander Launches Openbank Digital Bank in Mexico
Santander's fully digital bank, Openbank, launched in Mexico on Tuesday (Nov. 19). The Openbank Mexico website and app are now operating, promising a fully digital bank, no minimum balances, no fees and competitive interest rates, Openbank said in a Tuesday press release.
Santander launches fintech in Mexico to expand digital services
Spanish banking giant Santander started rolling out its digital Openbank in Mexico on Tuesday, including a website and smartphone app.
Banco Santander (Brasil) Q3: Good, But Not Good Enough For Me To Recommend Buying
Santander Brasil released a good set of results, with good trends in revenue growth and cost control. Although the loan portfolio showed only decent growth, this growth was greater than the expansion of NPL, which is positive. Although ROAE has been improving every quarter, it is still below peers, which does not seem to be reflected in the valuation.
Virgin Money hikes mortgages rates after Budget, while Santander cuts
Two banks had different reactions after the Budget, with Virgin Money nudging up mortgage rates and Santander reducing the price of borrowing. Accord mortgages also announced reductions.
Banco Santander (Brasil) Performs, But Market Fears Rate Volatility, Still A Buy
Banco Santander (Brasil) S.A. presented 3Q24 results, with stable operations, growing assets at about 8%, with stable margins and funding. The market is more wary about Santander because of the increase in interest rates in Brazil, following fiscal, FX, and inflation volatility. Although the concerns are valid, it seems unlikely that the 2021/23 period will repeat, given the much more normalized environment.
Banco Santander, S.A. (SAN) Q3 2024 Earnings Call Transcript
Banco Santander, S.A. (NYSE:SAN ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 AM ET Company Participants Begona Morenes - Global Head of Investor Relations Jose Garcia Cantera - Senior Executive Vice-President, Chief Financial Officer Hector Grisi Checa - Chief Executive Officer, Executive Director Conference Call Participants Ignacio Ulargui - BNP Paribas Francisco Riquel - Alantra Alvaro Serrano - Morgan Stanley Antonio Reale - Bank of America Marta Sanchez Romero - Citi Carlos Peixoto - CaixaBank BPI Andrea Filtri - Mediobanca Ignacio Cerezo - UBS Sofie Peterzens - JPMorgan Britta Schmidt - Autonomous Research Chris Hallam - Goldman Sachs Hugo Cruz - KBW Jose Garcia Cantera Good morning, everyone, and welcome to our third quarter earnings presentation.
