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...Santander initially fell as much as 5.6 per cent and Lloyds 2.9 per cent after the FT report....
...But Botín said that Santander’s growth strategy did not depend on buying up other banks. “We do not need acquisitions to grow profitability . . ....
...bank....
...Spain’s Santander and Deutsche Bank, Germany’s biggest lender, have both announced plans to ramp up their shareholder returns in recent weeks, while state-backed Italian bank Monte dei Paschi di Siena announced...
...Spanish bank Santander reported an 11 per cent rise in quarterly profits on Tuesday, as it continued to enjoy the benefits of higher interest rates....
...Shares in the bank have risen close to 50 per cent over the past 12 months, hitting a six-year high....
...Santander expects its profitability to improve this year despite concerns about the health of the global economy, as the Spanish bank’s latest quarterly earnings were helped by a strong performance in Europe...
...On Monday Santander’s share price rose nearly 3 per cent....
...“The board of Santander is committed to ensuring the remuneration of executives is fully aligned with the interests of shareholders,” the bank said in a statement, pointing to its more than 40 per cent total...
...The Spanish bank, which announced the plans on Monday, reported a record annual net profit of €11bn last month but faces persistent questions from investors about the benefits of having operations spread...
...Santander announced quarterly profits ahead of market expectations as growth in the bank’s European business eclipsed weakness in its US operations....
...Iran used 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 services....
...The approach, which would create a Spanish banking behemoth close in market valuation to Santander, comes as European bank valuations have hit their highest levels in nine years....
...NatWest, Barclays, Lloyds and Santander collectively received £9.23bn in interest on deposits held by the central bank in 2023, more than double what they had earned the previous year, according to figures...
..., followed by Citi, Itaú, HSBC, Santander, Bank of America, Bradesco and Goldman Sachs....
...Barclays and Santander have announced cuts to their mortgage rates, adding to momentum for cheaper UK home loan deals after HSBC and Halifax reduced rates last week....
...BBVA’s market value now stands at just under €60bn compared with the €74bn of Spanish rival Santander....
...Santander shares are up 18 per cent this year compared with 7.6 per cent for the European bank sector....
...Member banks funding the scheme include Bank of Ireland, Barclays, Danske Bank, HSBC UK, Lloyds Banking Group, NatWest Group, Santander, TSB and Virgin Money....
...Spanish bank BBVA has approached its smaller rival Sabadell about a potential takeover that would create a lender valued at €70bn....
...CaixaBank is the biggest bank in the Spanish market, though Santander has the largest market capitalisation and far larger global operations....
...Santander has been steadily growing its corporate and investment bank over the past seven years....
...Santander’s net profit rose 20 per cent year on year in the third quarter, as Spain’s biggest lender became the latest European bank to report strong results off the back of record-high interest rates....
...Corporate results: Adidas, Air France-KLM, Banco Santander, Capgemini, Glencore, Hargreaves Lansdown, Howden Joinery, HSBC, Lufthansa, Mercedes-Benz, OMV, St....
...Santander’s share count has increased 85 per cent; UniCredit by nearly 11 times. All had their reasons....
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