Santander new chairwoman confirms full control of the Brazil branch

Tuesday, September 16th 2014 - 05:20 UTC

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Spanish banking giant Santander under its new executive chairperson Ana Botin announced on Monday the purchase of the remaining 25% of Banco Santander Brasil which it did not already own. Read full article

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BOTINHO
A positive sign of investment for Brasil.

Counters the “doom and gloom” rhetoric of others that wish to see Brasil go under.
Sep 16th, 2014 - 02:41 pm - Link - Report abuse 0
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bushpilot
They don't want to see Brazil go under, they want to see Marxism go under because it is a big lie claiming to champion the common man and only caging him.
Sep 16th, 2014 - 03:00 pm - Link - Report abuse 0
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Jack Bauer
Santander's move is no surprise. It is notorious that there is no market better for banks than Brazil. The Government, that is so dependent on them, allows them to make enormous profits on services which used to be for free, but after the Plano Real (1994), which stabilized the Real (national currency) and got inflation under control, the banks claimed they would go bust if they could not implement fees to compensate for the loss of (easy) profits on the financial market. For example, on a savings account today, you can earn upto roughly 0.7 % per month ; on a Fund, depending on the risk exposure, from 0.8% (safe) to 1.5% (risky) per month... In Funds with a greater percentage of shares than Treasury bonds, earnings could be negative....On the other hand, people borrowing money from the bank, will pay anything from 250 % to 300% per year.... Anybody want to open a bank in Brazil ??
Sep 16th, 2014 - 06:37 pm - Link - Report abuse 0
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BOTINHO
Ola Jack -

I did.

I moved from Santander ( Banco Real ) over to Banco Itau.
Sep 16th, 2014 - 11:15 pm - Link - Report abuse 0
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golfcronie
@4
I think you meant that you changed the bank you used to bank with. But if you opened a new bank I apologise, now which is it?
Sep 17th, 2014 - 09:47 am - Link - Report abuse 0
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ChrisR
“Ana Botin, told shareholders at an extraordinary meeting she would defend the legacy of her father Emilio Botín at the helm of the Euro zone's biggest bank. She said the bank's priorities included maintaining a prudent strategy and dividend policy.”

We will continue the process my dad started where we rip off the private customer and little businessmen because they can't do a thing about it.

She went on to say that 300% interest seems on the low side to her, I need a new handbag she concluded.
Sep 17th, 2014 - 11:48 am - Link - Report abuse 0
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