Santander readies sale of bad assets worth 5 billion euros- Cinco Dias
MADRID (Reuters) – Spain’s Santander is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias reported on Monday.…
Santander Brasil posts Q1 net profit down 46.6%
SAO PAULO (Reuters) – Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from a year earlier but still above analysts’…
BBVA, Santander, BofA want to back Mexico’s $6 billion power deal – Bloomberg News
(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported…
Santander halts $942 million subprime auto ABS sale amid turmoil – Bloomberg News
(Reuters) – Santander Consumer USA on Wednesday postponed the sale of bonds worth $942 million that are backed by subprime auto loans as the deepening Credit Suisse Group AG crisis added to…
Santander offers to buy 4% it doesn’t own in Mexican unit prior to delisting
MADRID (Reuters) – Santander said on Friday it would launch a tender offer for the 4% of shares in its Mexican unit it doesn’t own, a step prior to its delisting. The…
Santander chief Botin set to lead banking lobby group IIF
MADRID (Reuters) – Ana Botin, executive chairman of Spain’s Santander, will become the world’s most prominent bank lobbyist, the first woman to take the role as head of trade body IIF, the…
Santander Chile CEO to step down in August
MEXICO CITY – Santander’s Chile chief executive, Miguel Mata Huerta, will step down on August 1, the banking unit said in a filing Wednesday to the Chilean stock market. Roman Blanco Reinosa…
Santander picks calm insider as CEO to help build bridges
By Jesús Aguado MADRID – A former investment banker and passionate jogger, Santander’s newly-appointed CEO Hector Grisi knows how to bring teams together and motivate staff even as he stands up for…
Santander to reallocate costs of corporate centre to business units
MADRID – Spain’s Santander on Monday said that starting during the first quarter of 2022 it would change the group’s financial reporting of segments, reallocating certain costs of the corporate centre segment…
Mitsubishi Motors Announces Santander Consumer USA As New Preferred Finance Partner
“Mitsubishi Motors is celebrating 40 years of doing business in the U.S. in 2022, and our future has never been brighter. We are turning heads with one of the freshest showrooms in…
Santander Bank Accidentally Gives Out $175 Million
A bank in the U.K. accidentally gave out the equivalent of $175 million to customers in an error on Christmas Day, CNN reported. The bank, Santander, apologized for the mistake and said…
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