Santander Remains The Only Spanish Bank Classified As Systemic By The FSB
The Financial Stability Board (FSB) has updated its list of global systemic banks and Santander remains the only Spanish bank in the new classification.
Santander Bank
Santander Regains More Than €10 Bn In Customer Deposits From Banco Popular
Banco Santander earned attributable profit of € 5,077 M to Sept this year, a rise of 10 % compared to the same period last year after €515 million of one-off items. These are the first results presentation after Banco Popular integration last June.
Santander takes the bull by the horns and starts selling Popular’s property assets
Mari Pinardo | Banco Santander reached an agreement on Tuesday to sell US private equity firm Blackstone a majority 51% stake in 30 billion euros of soured property assets and loans it inherited when it bought ailing lender Banco Popular in June.
A transition, from Popular to Santander, with a bit of a respite in between
For a few hours on June 7, Banco Popular had three owners: the previous shareholders, the FROB and Banco Santander; a quick trip, with a stop in between for a bit of a respite, before changing its skin. The Single Resolution Mechanism (SRM), in other words the ECB, decided on Tuesday that Popular was inviable and immediately started the liquidation process which begins with a bail-in.
Santander Could cut workforce, branches in Germany in 2017
After the restructuring Santander carried out in Spain in 2016, the bank could be planning to improve efficiency in other countries, including Germany. Although the project is in an initial phase, it would obtain cost savings of about 15%.
Investors Are Not Concerned About Whether A Bank Is Systemic Or Not
Fernando Rodríguez | Analysts who study banking stocks every day do not seem to pay much attention to the factors which condition the systemic banks. In general, they feel that whether a bank is systemic or not should not influence its stock market performance or its dividend policy. It should not be the only criteria for investing in a bank.
Why Have Corporate Debt Issues Soared At The Start Of 2017?
The start of a new year is normally a good time for corporate debt issues, although in the first few days of 2017 there have been a greater number of these than in previous years due to the ECB’s purchase programme. According to Bloomberg, in the first few days of January European companies and banks have issued almost 50 billion euros of debt, double the amount issued in the same period of 2016.
Santander 2Q16 Results Decrease by 32% To EUR 2.911 Bn For One-Offs And Currency Depreciation
Banco Santander registered attributable profit of EUR 2.911 billion in the first half of 2016, a 32% decrease compared to the same period of 2015. This decline is affected by one-offs and the depreciation against the euro of the currencies of the main countries where the Group is present.
Santander, Deutsche Bank subsidiaries once again fail Fed stress tests
Out of the 33 banks subjected to the Federal Reserve’s stress tests, 31 have passed this year, which means they will be able to increase their dividends and share buybacks. On the other hand, Deutsche Bank and Banco Santander failed the tests due to the Fed’s doubts about their capacity to measure risk.
The Spanish Financial Sector’s Profitability Challenge
Ofelia Marín-Lozano | All the banks have seen a sharp decline in their profitability compared with a decade ago. This is partly due to the heavy provisions made to offset the impact of the property crisis (over 300 billion euros in accumulated terms). But it is also the result of the decrease in pre-provisions operating profit and the requirement for the lenders to raise their capital in line with assets.