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Santander

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Reuters - 2 days ago

Santander's Getnet Appoints Juan Franco As New Global CEO

BRIEF-Santander's Getnet Appoints Juan Franco As New Global CEO Nov 22 (Reuters) - Getnet: ANNOUNCES APPOINTMENT OF JUAN FRANCO AS NEW GLOBAL CEO OF GETNET FRANCO'S APPOINTMENT EFFECTIVE SOON CURRENT CEO, KUSH SAXENA, DECIDES TO RESIGN, HAS BEEN APPOINTED ADVISOR TO BOARD OF GETNET Further company coverage: SAN.MC (Gdansk Newsroom)
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Reuters - 2 days ago

European banks in the red after weak PMI data

BUZZ-European banks in the red after weak PMI data ** Shares in European banks slip after euro zone business activity abruptly declined in November ** The STOXX 600 banks index .SX7P is down 2.6%, falling to its lowest since Oct. 9 and leading losses among sectoral indices on the pan-European STOXX 600 .STOXX ** Erste Group analyst Lukasz Janczak p
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Reuters - 2 days ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Equinor, Lufthansa and SMA Solar entries. Nov 22 (Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of August: BANKS * DNB DNB.OL : The Norwegian lender said in September it would cut the equivalent of 500 full-time jobs over the next six months, as it prepares for lower interest
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Reuters - 3 days ago

Spain's lower house approves tax package extending bank windfall tax

UPDATE 2-Spain's lower house approves tax package extending bank windfall tax Lawmakers back tax for big companies to comply with EU Banking tax sets rate range of 1%-7% for NII and fees Government pledges to work on a permanent energy tax Adds Sanchez comment, background in paragraphs 5-8 By David Latona MADRID, Nov 21 (Reuters) - Spanish lawmakers approved the government's new tax plans, which include extending a modified temporary levy on banks by three years, in a last-minute deal with small
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Reuters - 3 days ago

Britain's FCA consults on motor finance complaints extension

UPDATE 1-Britain's FCA consults on motor finance complaints extension Adds quotes, additional detail in paragraphs 2-6, 10 LONDON, Nov 21 (Reuters) - The Financial Conduct Authority is seeking feedback on proposals to give lenders more time to handle complaints on non-discretionary motor finance commissions, after a landmark ruling widened the number of customers they may need to compensate.
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Reuters - 4 days ago

UK Stocks-Factors to watch on Nov 20

UPDATE 1-UK Stocks-Factors to watch on Nov 20 Adds new items, updates futures Nov 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Wednesday, with futures FFIc1 down 0.03%. * OFGEM: Britain's energy regulator Ofgem said it had begun consultations over a new investment fund of up to 8 billion pounds ($10.16 billion) that could help the country's net zero prospects and aid energy transmitters to cut delays and costs.
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Reuters - 4 days ago

FTSE futures fall behind after inflation figures

LIVE MARKETS-FTSE futures fall behind after inflation figures Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FTSE FUTURES FALL BEHIND AFTER INFLATION RISES European futures are flashing green as traders gear up for a positive open, though FTSE futures are falling behind, down 0.05% after the latest inflation figures showed British inflation rose to an annual rate of 2.3% in Octo
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Reuters - 4 days ago

Santander UK sets aside $375 million to cover possible motor finance claims

UPDATE 2-Santander UK sets aside $375 million to cover possible motor finance claims Becomes second major lender to make significant provision Banks braced for possible costly motor finance redress scheme Provision knocks Q3 pretax profit at UK arm of Spanish lender Adds share reaction in paragraph 6, results detail in paragraphs 11-12 By Sinead Cruise LONDON, Nov 20 (Reuters) - The UK arm of Spain's Banco Santander SAN.MC , SANS_pa.L has set aside 295 million pounds ($375 million) to cover poss
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Reuters - 4 days ago

Spanish stocks - Factors to watch on Nov 20

Spanish stocks - Factors to watch on Nov 20 Nov 20 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex has sharply increased its use of air freight to bring clothes from factories in India to its logistics hub in Spain to avoid shipping delays, according to trade data, industry experts, and investors.
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Reuters - 4 days ago

UK Stocks-Factors to watch on Nov 20

UK Stocks-Factors to watch on Nov 20 Nov 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.04%. * BP: BP BP.L has delayed the restart of a crude distillation unit and a coker at its 435,000 barrel-per-day Whiting, Indiana, refinery from maintenance, boosting fuel prices in the Chicago market, industry sources said on Tuesday.
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Reuters - 4 days ago

Citi, Santander prep up to €4 billion debt for Urbaser buyout - Bloomberg News

MEDIA-Citi, Santander prep up to €4 billion debt for Urbaser buyout - Bloomberg News -- Source link: https://tinyurl.com/yck4y4vm -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Reuters - 4 days ago

Santander launches fintech in Mexico to expand digital services

Santander launches fintech in Mexico to expand digital services By Kylie Madry MEXICO CITY, Nov 19 (Reuters) - Spanish banking giant Santander started rolling out its digital Openbank in Mexico on Tuesday, including a website and smartphone app. WHY IT'S IMPORTANT So-called fintechs have taken Mexico by storm in recent years, gobbling up market share as unbanked Mexicans go online and traditional bank clients reject what they view as poor service.
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Reuters - 5 days ago

Rothschild opens wealth management office in Dubai to tap wealth influx

UPDATE 1-Rothschild opens wealth management office in Dubai to tap wealth influx Adds detail on staffing in paragraph 6 By Federico Maccioni DUBAI, Nov 19 (Reuters) - Rothschild & Co has opened a wealth management office in Dubai to boost its offering to local clients as well as wealthy individuals in the region, it said on Tuesday, following other financial institutions tapping into the growing market.
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Reuters - 5 days ago

Rothschild launches wealth management office in Dubai to tap wealth influx

Rothschild launches wealth management office in Dubai to tap wealth influx By Federico Maccioni DUBAI, Nov 19 (Reuters) - Rothschild has launched a wealth management office in Dubai to boost its offering to local clients as well as wealthy individuals in the region, it said on Tuesday, following other financial institutions tapping into the growing market.
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Reuters - 5 days ago

British Business - Nov 19

PRESS DIGEST-British Business - Nov 19 Nov 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - London-listed goldminer Resolute Mining RSG.AX said it would pay $160 million to the government of Mali to help resolve a tax dispute that has led to its boss and two other executives being detained there.
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Reuters - 1 week ago

Spanish Banks' ECB Borrowing At Around 0.18 Billion Euros In October

BRIEF-Spanish Banks' ECB Borrowing At Around 0.18 Billion Euros In October Nov 14 (Reuters) - Bank of Spain: SPANISH BANKS' ECB BORROWING AT AROUND 0.175 BILLION EUROS IN OCTOBER Source text: https://tinyurl.com/2366nd5r (Gdansk Newsroom)
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Reuters - 2 weeks ago

Spanish utility Cox cuts IPO size to $186 mln from $236 mln

UPDATE 1-Spanish utility Cox cuts IPO size to $186 mln from $236 mln Adds detail from paragraph 2 on MADRID, Nov 12 (Reuters) - Spanish clean energy and water utility Cox has reduced the size of its initial public offering to about 175 million euros ($186 million) from a previous 222 million euros, the company said in a filing to the stock market regulator CNMV on Tuesday.
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Reuters - 3 weeks ago

BBVA and other Spanish banks fall after Trump elected president

BUZZ-BBVA and other Spanish banks fall after Trump elected president ** Shares of Spanish bank BBVA BBVA.MC are down over 6% after Donald Trump was elected U.S. president, which could have impact in Mexico, its biggest market ** Nuria Alvarez, analyst at Madrid-based brokerage Renta 4, says the exposure of BBVA to Mexico is the main explanation for its slip on Wednesday, but adds the market is making a "negative and exaggerated interpretation" of U.S.
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Reuters - 3 weeks ago

Spain's Cox to raise up to $242 mln in IPO, valuing company at $1 bln

Spain's Cox to raise up to $242 mln in IPO, valuing company at $1 bln Nov 5 (Reuters) - Spanish energy and water utility Cox said on Tuesday it intended to raise as much as 222 million euros ($242 million) in an initial public offering (IPO) on the Madrid stock market that would value it at up to $1.02 billion. The company plans to price the newly issued shares within a range of 10.23 euros to 11.38 euros each, it said in a filing to the local stock market regulator.
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Reuters - 3 weeks ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Santander, Michelin, Schaeffler, Auchan, Husqvarna, Mondi, Syensqo Nov 5 (Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of August: BANKS * DNB DNB.OL : The Norwegian lender said in September it would cut the equivalent of 500 full-time jobs over the next six months, as it pre
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