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Banco Santander SA (SAN)

SAN on New York Consolidated

6.59USD
26 May 2017
Change (% chg)

$-0.03 (-0.45%)
Prev Close
$6.62
Open
$6.53
Day's High
$6.60
Day's Low
$6.51
Volume
5,381,816
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6,876,176
52-wk High
$6.99
52-wk Low
$3.60

Latest Key Developments (Source: Significant Developments)

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

Santander to focus on organic growth, will look at M&A opportunities
Wednesday, 27 Jul 2016 04:44am EDT 

Spain's Santander : Says it is focused on organic growth, but will look into M&A opportunities in key markets . Says may look in to potential purchase of RBS branches, but no decision has been taken . Says expects non-performing loans in Brazil to peak in the second half of 2017 .Says it is much more comfortable that it will pass next year's stress tests in the United States.  Full Article

Poland's BZ WBK sees profit rise in 2016 before one-offs, tax
Wednesday, 27 Jul 2016 02:00am EDT 

Bank Zachodni WBK : Poland's third largest lender by assets, Banco Santander unit BZ WBK, expects to post net profit rise this year excluding one-offs and a newly implemented bank tax. . "Regarding 2016 results we believe we will deliver growth, outperforming the sector, excluding one-offs, bank tax and other things," BZ WBK acting CEO Gerry Byrne told news conference. Further company coverage: [BZW.WA] (Reporting by Marcin Goclowski; Writing by Adrian Krajewski) ((adrian.krajewski@thomsonreuters.com;)).  Full Article

Spain's Santander says H1 net interest income 15.2 bln eur
Wednesday, 27 Jul 2016 01:15am EDT 

Spain's Santander : Says first half attributible net profit was 2.911 billion euros ($3.20 billion) . Says second quarter ordinary net profit was 1.6 billion euros . Says second quarter net interest income was 7.6 billion euros . Says first half net interest income was 15.2 billion euros . Says fully-loaded core tier 1 capital ratio was 10.36 percent at end-June versus 10.27 percent end-March . Says return on tangible equity (ROTE) was 11.09 percent at the end of June versus 11.1 percent in end of March . Says non-performing loans were 4.29 percent at the end of June versus 4.33 percent end-March . Says it keeps its target to increase cash dividend by 10 percent in 2016, total dividend by 5 percent .Says it is on track to meet fully-loaded core capital end-of-2018 target of above 11 percent.  Full Article

Santander Consumer USA says appoints William Rainer as board chairman
Tuesday, 12 Jul 2016 06:15am EDT 

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
Thursday, 7 Jul 2016 09:33am EDT 

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

More From Around the Web

Santander or Bankia viewed as likely saviours for Spain's Popular

MADRID, May 19 Spain's biggest bank Santander or state-owned lender Bankia are most likely to step in to save troubled Banco Popular, sources familiar with the talks told Reuters, although a deal is still far from guaranteed.