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Banco Santander SA (SANq.L)

SANq.L on London Stock Exchange

490.25GBp
12:12pm EDT
Change (% chg)

-3.75 (-0.76%)
Prev Close
494.00
Open
489.75
Day's High
493.25
Day's Low
488.50
Volume
6,184,931
Avg. Vol
14,213,374
52-wk High
504.50
52-wk Low
230.55

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

Santander nears deal to buy back asset-management stake - Bloomberg
Wednesday, 16 Nov 2016 09:00am EST 

Banco Santander Sa : Santander said near deal to buy back asset-management stake - Bloomberg, citing sources . Santander to buy back 50 percent stake in an asset-management unit it sold to buyout firms three years ago - Bloomberg . Santander in talks with Santander asset management's other shareholders, Warburg Pincus and General Atlantic for the deal - Bloomberg, citing sources .Santander deal could be announced as soon as this week - bloomberg.  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

More From Around the Web

Santander to pay $22 mln to resolve subprime auto loan probes

BOSTON, March 29 A unit of Banco Santander SA has agreed to pay $22 million in connection with what the attorney general in Massachusetts called a first-in-the-nation settlement involving subprime auto loan securitization.