Hints and tips:
...Botín senior peaked in Spain with the Central Hispano deal, but replicated his success around the world, always with Mr Orcel in tow, building up a global presence spanning Brazil, Mexico, the UK, the US...
...ANZ, Banco Santander, BNP Paribas, Citi, Deutsche Bank, HSBC and Standard Chartered will co-operate on the project, the Trade Information Network, by the end of the year....
...When Emilio Botín, the legendary boss of Banco Santander struck his transformative deal with Central Hispano to create Spain’s biggest bank nearly 20 years ago, the man by his side was a young Merrill Lynch...
...At some point, he said, central bankers might have to respond to bearish signals from almost half the global Sifis, rather than continuing to tighten monetary policy....
...In Spain, he merged with rivals Banesto and Central Hispano in the 1990s. But he later focused on expanding into further-flung markets by doing big deals in the US and Brazil....
...Existing members of the project are Deutsche Bank, Banco Santander, BNY Mellon and NEX....
...Lloyds Banking Group, which sold TSB last year to Spanish lender Banco Sabadell, allows TSB to use its systems for an annual fee. TSB is in the process of migrating on to Sabadell’s systems....
...UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined forces with Deutsche Bank, Santander and BNY Mellon — as well as the broker ICAP — to pitch the idea to central banks, aiming...
...Pedro Balcão Reis, a senior analyst at Santander in Mexico, is betting on a rate hike, pronto, noting that the peso has depreciated 8 per cent since the start of the month....
...It plans to spend the next year winning over central banks and regulators, whose support is essential for the project to succeed....
...The additional €450m credit line has been secured from a syndicate of five banks including BNP Paribas, Santander, Crédit Agricole and Natixis and Société Générale....
...This could be achieved by selling Novo Banco to Santander Totta, the Spanish lender’s local subsidiary, to create the country’s dominant bank....
...The Portuguese central bank forecasts growth of 1.7 per cent this year, rising to 2 per cent in 2017. Final bids for Novo Banco are due to be submitted by the end of June....
...One reason is Portugal’s economy, which the central bank expects will grow 1.7 per cent this year....
...It reported an 11 per cent rise in first half net income to $2.3bn Banco Santander, the biggest bank in the eurozone by market value, has reported net profits of EUR1.71bn, up 17.7 per cent year-on-year...
...“This government is determined to help working people, and encouraging the aspiration to home ownership is central to that,” said George Osborne, the chancellor....
...In 1993, Santander absorbed Bank Banesto and six years later merged with Banco Central Hispano to create Santander Central Hispano....
...Central to this is the move towards market-based pricing in commodities, where China is the major global consumer....
...A year later, as her father sealed his most ambitious merger and acquisition transaction to date – merging with local rival Banco Central Hispano – he sacrificed his daughter to appease BCH concerns about...
...Banco Espirito Santo has recently, and spectacularly, shown how many sins of the past lie beneath Portuguese corporate life....
...In any case, all the leading banks operating in Scotland – the 82 per cent UK taxpayer-owned Royal Bank of Scotland, BoS, National Australia Bank’s Clydesdale Bank, Barclays, HSBC and Santander – are part...
...It is standard practice for central banks to identify issuers by country of residence rather than nationality – so that if the Brazilian subsidiary of Banco Santander, for example, issues a bond, it will...
...Combining charm and ruthlessness, he struck his first decisive deal in 1999, when Santander merged with Spanish rival Central Hispano....
...Société Générale, Citi, Barclays and Santander managed the deal on behalf of the Spanish treasury....
...Also, investors are expecting a $1.4bn placement from Bank Zachodni WBK, the Santander unit, as it consolidates its Polish operations, according to a note from Renaissance Capital....
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