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Banco Santander SA (SAN.N)

SAN.N on New York Stock Exchange

6.13USD
24 Mar 2017
Change (% chg)

$0.01 (+0.16%)
Prev Close
$6.12
Open
$6.14
Day's High
$6.16
Day's Low
$6.09
Volume
1,172,719
Avg. Vol
1,132,705
52-wk High
$6.20
52-wk Low
$3.60

Latest Key Developments (Source: Significant Developments)

Banco Santander says on track to meet capital target by 2018
Wednesday, 25 Jan 2017 01:11am EST 

Spain's Banco Santander : Says is on track to meet fully-loaded capital target of over 11 percent by 2018 .Says repeats commitments for 2017 and 2018.  Full Article

Banco Santander says will not change fees on Spanish accounts
Wednesday, 26 Oct 2016 04:44am EDT 

Banco Santander :CEO Jose Antonio Alvarez says will not change fees in the flagship 123 account in Spain.  Full Article

Banco Santander expects NII to fall in Spain, rise in UK
Wednesday, 26 Oct 2016 04:44am EDT 

Banco Santander Sa : Says expects net interest income (NII) to fall in Spain in next few quarters .Says in Britain expects net interest margin to rise in next couple of quarters.  Full Article

Spain's Santander cuts profitability target for UK business
Friday, 30 Sep 2016 04:53am EDT 

Spain's Banco Santander : Says cuts return on tangible equity ratio target (ROTE) for UK business in 2018 to between 8 and 10 percent from the range of between 12 and 14 percent set out in the previous strategy plan . Says cuts cost to income ratio target for British unit to between 50 and 52 percent in 2018 from a previous target of below 50 percent .  Full Article

Banco Santander lowers profitability target for Spain
Friday, 30 Sep 2016 04:53am EDT 

Spain's Banco Santander : Says cuts return on tangible equity ratio target (ROTE) for Spain in 2018 to 13 percent from the 14 percent set out in the previous strategy plan . Says changes cost-to-income ratio for Spanish business to 55 percent for 2018 from a previous target of about 50 percent .Says improves targets for non-performing loans to below 4 percent for 2018 from a previous target of below 4.5 percent.  Full Article

Santander says growth expectations worse in some markets, especially UK
Friday, 30 Sep 2016 03:27am EDT 

Spain's Banco Santander : Says growth expectations have deteriorated in some of the bank's markets, especially in Britain. .Says this had led to many currencies depreciating against the euro and an expectation that interest rates will remain lower for longer.  Full Article

Moody's UK ring-fencing rules to impact banks' credit fundamentals
Monday, 26 Sep 2016 05:35pm EDT 

Moody's On Uk Banks: Fencing rules to impact banks' credit fundamentals .Expects that the ring fencing rules will affect HSBC, Barclays, RBS, Lloyds, Santander UK, but will not apply to nationwide.  Full Article

Santander has pulled out of talks with Royal Bank of Scotland to buy Williams & Glyn - FT, citing sources
Tuesday, 20 Sep 2016 12:04pm EDT 

:Santander has pulled out of talks with Royal Bank of Scotland to acquire Williams & Glyn - FT, citing sources.  Full Article

Santander Holdings provides update on form 10-Q filing
Tuesday, 30 Aug 2016 01:00pm EDT 

Santander Holdings USA Inc. : Provides Update On Form 10-Q filing . Santander holdings USA, inc. Provides update on form 10-Q filing . Will be delayed in filing of its quarterly report on form 10-Q for quarter ended June 30, 2016 beyond August 22 extended filing date . Reviewed all critical relationships, does not foresee a material interruption in or change to normal business activities .Accounting matters relate only to non-cash items in financial statements.  Full Article

Polish regulator seeks opinion on extra capital for BZ WBK
Thursday, 11 Aug 2016 05:14am EDT 

Poland's BZ WBK bank : Poland's financial regulator KNF has asked the macroeconomic stability body KSF to give an opinion on whether to recognise Poland's third-largest bank BZ WBK, a unit of Spain's Banco Santander , as a "systemically important institution" and require it hold a capital buffer equal to 0.50 percent of its risk exposure, the bank said on Thursday. .The bank has not received any information about the date of implementation of the capital buffer and its impact on minimum capital adequacy ratios, it said in a statement..  Full Article

More From Around the Web

Santander, Intesa Sanpaolo to sell Allfunds Bank in 1.8 billion euro deal

MADRID/MILAN Spain's Santander and Italy's Intesa Sanpaolo said on Tuesday they had agreed to sell a joint 75 percent stake in mutual fund platform Allfunds Bank for around 1.37 billion euros ($1.45 billion) to funds GIC and Hellman & Friedman.