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...Miller will join a raft of former colleagues at Santander, including David Hermer, who was global head of equity and debt capital markets at Credit Suisse and is now head of the Spanish bank’s CIB in the...
...Santander has set aside $250mn to grow its corporate and investment bank over the next two years and has already hired 100 executives this year, with many former Credit Suisse bankers joining its US office...
...Hermer and Price declined to comment through a Credit Suisse spokesperson....
...The capital return programme was paused when it agreed to buy Credit Suisse last spring....
...Santander shares rose 32 per cent last year, though are down more than 40 per cent since Botín replaced her father Emilio as executive chair a decade ago....
...US, where Santander has a big car loan business, performed poorly....
...Santander has boosted its dividend by 50 per cent and unveiled a €1.5bn share buyback as it channels record profits back to investors in a bid to lift its lagging stock price....
...In 2019, Santander had published a policy ruling out support for “projects or activities in recognised Ramsar sites”....
...Santander led its announcement with a sub-4 per cent deal available to new and existing customers with a deposit of at least 40 per cent on a five-year fixed rate mortgage....
...Steve Geller, who was global head of M&A at Credit Suisse, now has the same role at Santander, while Tom Davidov, Santander’s global head of financial sponsors, previously had the same role for the Americas...
...Last month, Santander announced a 39 per cent increase in its dividend and a share buyback based on this year’s earnings....
...His pay exceeds the €12.2mn ($13.2mn) received by Santander executive chair Ana Botín and the £10.6mn ($13.4mn) paid to HSBC chief executive Noel Quinn, whose package nearly doubled thanks to a maturing...
...The writer is executive chair of Santander and chair of the International Business CounciI of the World Economic Forum In a volatile world, governments face a range of challenges....
...Santander said it had invested more than £700mn over the past five years in a programme to transform its financial crime systems....
...S&P declined to comment and Visible Alpha did not respond to a request for comment....
...The FT revealed that Iran had used Lloyds and Santander, two of the UK’s biggest banks, to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence...
...Shares in UBS, which last year took over its collapsed rival Credit Suisse in a deal that wiped out $17bn of debt, have done particularly well, rising 46 per cent over the past 12 months to their highest...
...Revenues at its data business were “impacted by cancellations related to Credit Suisse as expected”, LSEG said, as the collapsed bank dropped its data subscriptions....
...So it was fascinating to see this chart in the latest edition of the Credit Suisse UBS Global Investment Returns Yearbook 2024 (a summary edition of which is available online): The data looks a little different...
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...That product claim has confused rather than persuaded potential investors in Banco Santander....
...Less than eight months after Swiss authorities wiped out $17bn of Credit Suisse’s AT1 bonds, UBS — which made a $29bn profit by buying Credit Suisse for $3bn — was able to issue a new AT1 structure....
...Among those who have joined Santander are Steve Geller, who was global head of M&A at Credit Suisse, Rob Santangelo, an energy specialist, and several members of Credit Suisse’s leveraged finance division...
...Horta-Osório ran Santander’s Portuguese business in the early 2000s when Portugal Telecom, which was later bought by Altice, was a large client....
...That’s not a joke, it’s a serious consideration for anyone who has money tracking MSCI’s Emerging Markets Index....
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