Banco Santander SA (SAN)
23 Sep 2016
Latest Key Developments (Source: Significant Developments)
Santander Holdings USA Inc.
Poland's BZ WBK bank
Bank Zachodni WBK
Santander Consumer USA Holdings Inc - : Santander Consumer USA Holdings announces appointment of William Rainer as board chairman .Blythe Masters has resigned from board to take on a new role with Banco Santander, S.A. as group senior advisor on blockchain. Full Article
S&P - Various U.K. Bank outlooks revised due to potential economic deterioration following Brexit vote
S&P : S&P - Various U.K. Bank outlooks revised due to potential economic deterioration following Brexit vote . S&P - Revised to negative from stable the outlooks on Barclays PLC and Barclays Bank Plc (including its core subsidiaries) . S&P - Revised to stable from positive our outlook on U.K.-Based NOHC The Royal Bank Of Scotland Group PLC (RBSG) . S&P - Affirmed the long- and short-term counterparty credit ratings on Santander UK Group Holdings PLC . S&P - Affirmed the long- and short-term counterparty credit ratings on Standard Chartered PLC and its rated bank subsidiaries . S&P - "Revised view based on outcome of the Brexit Vote, which we expect will reduce consumer confidence and the demand for credit in the near term" . S&P - See UK banks' strengthened capital, liquidity, funding profiles provide flexibility to manage extended period of economic , market uncertainty . S&P - "Believe that the U.K. economy is now entering a correction phase" Source - http://bit.ly/29qhzUN (Bengaluru Newsroom; +1 646 223 8780). Full Article
Chairman of Spain's Banco Santander
Banco Santander SA:Banco Santander SA plans to cut as many as 1,200 jobs in Spain as it closes branches and customers switch to online banking, a person familiar with the matter said - Bloomberg.Spain’s largest lender met union representatives Wednesday in Madrid to start talks that could affect as much as 5 percent of the staff in its home market, said the person, who asked not to be identified.About 950 of the job losses will be at branches, while the rest will affect employees at the central services unit, the UGT union said in a statement.The bank will seek to offer employees early retirement and voluntary redundancy, the union said.Santander said last week it plans to close 450 branches, representing about 13 percent of its Spanish network, to boost profitability as it steers customers toward digital banking.Banco Bilbao Vizcaya Argentaria SA, the country’s second-biggest lender, may also reduce its domestic branches, Chief Executive Officer Carlos Torres Vila said Tuesday. Full Article
Banco Santander SA:Bank of Portugal decided to award Banco Banif's business to Banco Santander Totta, a subsidiary of Banco Santander.Following this decision the businesses and branches of Banco Banif will become part of the Santander group.The transaction will be carried out via the transfer of a part (the commercial banking business) of Banif's assets and liabilities to Santander Totta.Banco Santander Totta will pay 150 million euros for Banco Banif's assets and liabilities.This transaction has an immaterial impact on the Santander group's capital and a slightly positive impact on profit as of year one. Full Article
LONDON Three bidders have emerged as the main contenders to buy UniCredit's fund management arm Pioneer, in a deal which could net 3 billion euros ($3.4 billion) for Italy's largest bank, sources familiar with the matter said on Tuesday.