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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....
...banks started to cut rates....
...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...
...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....
..., 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....
...Santander shares are up 18 per cent this year compared with 7.6 per cent for the European bank sector....
...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....
...Santander’s share count has increased 85 per cent; UniCredit by nearly 11 times. All had their reasons....
...The figures are based on the responses it received from the big four UK high street banks — Barclays, HSBC, Lloyds and NatWest — as well as Handelsbanken, Metro, Santander and TSB....
...And that is nowhere near Santander’s bold 16 per cent goal for the coming year....
...The Stoxx high coincides with strong fourth-quarter results for UniCredit, Santander and Lloyds Banking Group....
...EY agreed to terminate a consulting contract and refund millions of pounds to Santander’s UK business after failings in its anti-financial crime work for the bank, according to three people with knowledge...
...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...
...Santander UK said it had added additional steps before letting customers make bank transfers, including recommending that they do not buy from Facebook Marketplace unless they can pick up items in person...
...European and UK banks, such as Santander and Barclays, have used SRTs in a small way for many years. Now US lenders are getting in on the action....
...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...
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