Tag: Santander Bank

• Thursday, September 11th 2014 - 15:46 UTC

  Ana Botin appointed new chairwoman of Spanish banking giant Santander

  

  Ana Botin has been appointed the new chairwoman of the Spanish banking giant Santander, following the death of her father, Emilio Botin, who died of a heart attack on Tuesday night.

• Wednesday, September 18th 2013 - 06:46 UTC

  Controversial figure named to advisory board of the Euro-zone leading bank

  

  Santander, the Euro zone's biggest bank, has hired Rodrigo Rato, under investigation in connection with allegations of fraud at state-rescued lender Bankia when he was chairman, to its international advisory board.

• Thursday, October 25th 2012 - 19:06 UTC

  Santander quarterly profits plummet 90%; property losses provision of 3.5bn euros

  

  Spanish bank Santander has said its quarterly profits fell by more than 90% after taking provisions for bad property loans in its local market. Net income fell to 100m Euros in the third quarter from 1.8bn Euros in the same period last year, it said.

• Wednesday, October 17th 2012 - 04:43 UTC

  Santander desists from purchase of 316 branches from Royal Bank of Scotland

  

  Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline.

• Monday, August 6th 2012 - 07:21 UTC

  Slowdown in Latin America further exposed vulnerabilities of Spain and Portugal

  

  The slowdown in Latin America’s once booming economies could take a heavy toll on profits for Spanish and Portuguese companies whose two-decade investment spree abroad has provided a lifeline during a deepening crisis at home.

• Monday, June 18th 2012 - 01:12 UTC

  European crisis could reduce Latin America’s growth prospects by 40%

  

  An aggravation of the European crisis could reduce growth prospects in Latin America up to 40%, said the Inter American Development bank president Luis Alberto Moreno, particularly because of the influence of European financial institutions in the influx of capital to the region.

• Monday, May 28th 2012 - 19:56 UTC

  Santander denies plans to divest from Brazil; affiliate represents 30% of the group’s profits

  

  Spain’s leading bank Santander denied any plan to sell its Brazilian affiliate full or partly, as was published in the Sao Paulo media following discussions with Bradesco, another top listed Brazilian bank.

• Thursday, October 27th 2011 - 23:34 UTC

  Euro zone largest bank profits down as bad loans in Spain keep growing

  

  The Euro zone's biggest bank Santander said it expected bad loans in Spain to keep on growing as Spaniards, blighted by unemployment and heavy mortgage debt, fall into arrears on payments.

• Thursday, February 3rd 2011 - 21:56 UTC

  Santander, Euro zone largest bank helped by solid results in UK and Brazil

  

  The collapse of the Spanish property prices helped pull annual profit down 8.5% at the Euro zone largest bank Santander. Solid results from Brazil and Britain, which each account for more profit than Spain at the diversified bank, failed to calm fears about exposure to a stagnant domestic economy, struggling to shake off the worst recession in half a century.