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☆ MLB roundup: Royals' Bobby Witt Jr. hits walk-off slam in 10th
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +11 min

He allowed three runs on five hits while striking out five and walking none in six innings. Royals starter Brady Singer allowed two runs on four hits and two walks in five innings, fanning 10. Gore (6-8) allowed three runs on five hits and four walks while striking out two over five innings. Ohtani did not bat when his turn came up with the bases loaded in the ninth inning, leaving due to cramps in both calves. Rays 4, Astros 3Jose Siri utilized his exceptional speed to manufacture the decisive run in the ninth inning as Tampa Bay defeated host Houston.

Persons: Bobby Witt Jr, Jay Biggerstaff, Witt, Jhoan Duran, Kyle Farmer's, Taylor Clarke, Jorge Polanco's, Scott Barlow, Gray, Brady Singer, Pete Alonso, Max Scherzer, Alonso, MacKenzie Gore, Rico Garcia, Scherzer, Luis Garcia, Gore, Anthony, Tommy Kahnle, Grayson Rodriguez, Gerrit Cole, Felix Bautista, Aaron Judge, Jake Fraley, Spencer Steer, Elly De La Cruz, groundout, Brandon Williamson, Alexis Diaz, Freddie Freeman, Amed Rosario, Los Angeles, Bryan De La Cruz, Luis Arraez, Braxton Garrett, Jason Foley, Matt Chapman, Danny Jansen, Whit Merrifield, Merrifield, Kevin Gausman, Shohei Ohtani, Ohtani, Mickey Moniak, Kyle Schwarber, Zack Wheeler, Craig Kimbrel, Ji Man Choi, Mitch Keller, Marcell Ozuna, Austin Riley, Matt Olson, Orlando Arcia, Eddie Rosario, Olson, Ozuna, Milwaukee's Abraham Toro, Joey Wiemer, Tyrone Taylor, Andruw Monasterio, Sal Frelick, Luis Robert, Jake Burger, Touki Toussaint, Robert, Xzavion Curry, Tim Anderson, Burger, Toussaint, Casas, San Francisco . Red, Josh Winckowski, Rob Refsnyder, Kutter Crawford, Joc Pederson, Logan Webb, Joe Musgrove, Manny Machado, Musgrove, Fernando Tatis Jr, Dane Dunning, Marcus Semien, Jose Siri, Siri, Ryan Pressly, Yandy Diaz, Colin Poche, Pete Fairbanks, Mike Tauchman, Louis, Alec Burleson, Adbert Alzolay, Lars Nootbaar, Patrick Wisdom, Dansby Swanson, Trey Mancini, Drew Smyly, Tom Murphy, Eugenio Suarez, Ty France, Julio Rodriguez, Murphy, Logan Gilbert, Ketel Marte, Dominic Canzone, Zack Gelof, Ramon Laureano, Tony Kemp, JP, Trevor May, Randal Grichuk, Kyle Freeland Organizations: Kansas City Royals, Minnesota Twins, Kauffman, Minnesota, Twins, Kansas City, Mets, Nationals, New York, Washington, Orioles, Yankees, Anthony Santander, Baltimore, Santander's, Reds, Dodgers, Cincinnati, Los Angeles, Marlins, Tigers, Miami, Detroit, Blue Jays, Angels, Toronto, Los, Phillies, Pirates, Philadelphia, Pittsburgh, Braves, Brewers, Atlanta, Milwaukee, Brewers . White Sox, Chicago, Cleveland, The White Sox, . Red Sox, Giants, Boston, San, San Francisco . Red Sox, Red Sox, Padres, Rangers, San Diego, Rays, Astros, Tampa Bay, Houston, Four Rays, Cubs, Cardinals, Mariners, Diamondbacks, Cal Raleigh, Arizona, Raleigh, Seattle, Athletics, Oakland, Colorado, JP Sears, Thomson Locations: Kansas City , Missouri, USA, New York, Los, Los Angeles, Toronto, Philadelphia, Cleveland, San Francisco ., Texas, Seattle, Phoenix, Arizona, Denver, Colorado

Higher interest rates helped UniCredit (CRDI.MI) strongly beat earnings expectations in the second quarter. Germany's financial regulator BaFin has been calling on banks to raise the amount of money they set aside for bad loans. Deutsche Bank on Wednesday said provisions for bad loans nearly doubled in the second quarter from a year earlier to 401 million euros. Santander's financial chief said bad loans in Brazil may have already peaked. This sent the bank's shares up around 2% on Wednesday, with Jefferies saying that it sees upside potential to net interest income.

Persons: Ralph Orlowski, Lloyd's, Andrea Orcel, BaFin, James von Moltke, UniCredit, Jefferies, Tom Sims, Jane Merriman Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Lloyds Banking Group, Lloyds, JPMorgan, Monetary Fund, European Central Bank, Union, Thomson Locations: Frankfurt, Germany, MILAN, MADRID, Europe, Spain, Santander, Brazil

LONDON/MADRID, July 26 (Reuters) - Spain's Santander (SAN.MC) is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business, three sources with knowledge of the matter said. Santander's global corporate and investment banking chief, Jose M. Linares, discussed the plans in a town hall held in New York last week, the sources said. So far, the bank has hired more than 20 senior investment bankers chiefly in the United States, Reuters has reported. Net profit at the bank's global corporate and investment bank rose 16% year-on-year in the second quarter to 899 million euros. Santander employs currently around 8,000 staff at its global corporate and investment bank.

Persons: Jose M, Linares, Ana Botin, David Hermer, Marco Antonio Achon, Corporate Finance Darren Jones, Steven Geller, Jones, Hector Grisi, Grisi, Jesús Aguado, Andres Gonzalez, Elisa Martinuzzi, David Evans Organizations: Spain's Santander, Credit Suisse, Reuters, Banking, Corporate Finance, Linares, Global, Santander, U.S ., Thomson Locations: MADRID, United States, New York, U.S, Spanish, Mexico, Europe, Latin America, Santander, America

The recruitment is being overseen by the head of Santander Corporate and Investment Banking, Jose M. Linares, also a former JPMorgan banker. As well as the United States, some new investment bankers will join Santander in Britain and Spain. "This typically has been one of the main issues for growing an investment banking business, given that the capital consumption ... is bigger." The contribution from the overall investment bank to Santander's group's earnings rose to 32% in the first quarter of 2023, from around 20% in 2019. Overall, profits at Santander's corporate and investment bank have risen since 2019 by around 60% to 2.8 billion euros ($3.2 billion) at the end of 2022.

Persons: Ana Botin, Jose M, Linares, Goldman Sachs, Amherst Pierpont, Gonzalo Lopez, Lopez, Christiana Riley, Jose Manuel Linares, Jesús, John O'Donnell, Mark Potter Organizations: Reuters, Spain's, JPMorgan, Credit Suisse, Santander Corporate, Investment Banking, Santander, Wall, U.S, Deutsche Bank, Thomson Locations: MADRID, LONDON, Santander, United States, Europe, Latin America, Britain, Spain, U.S, America

☆ CNBC Daily Open: May’s CPI reading lets Fed pause hikes
▼ + stars: | 2023-06-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Though the annual rate of inflation at 4% is still two times the Fed's target, it's the slowest increase since March 2021. That category tends to not reflect the current rental market because the CPI looks at the rental prices people are currently paying, not the rental prices landlords are asking for now. That leaves room for the Fed to pause its rate hikes. Traders think there's only a 10% chance the Fed will raise rates, according to the CME Group's FedWatch tool.

Persons: Stephen Stanley, Gargi Chaudhuri Organizations: CNBC, Fed, Traders Locations: U.S

☆ CNBC Daily Open: May’s CPI tells the Fed it can pause hikes
▼ + stars: | 2023-06-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That category tends to not reflect the current rental market because the CPI looks at the rental prices people are currently paying, not the rental prices landlords are asking for now. That leaves room for the Fed to pause its rate hikes. Traders think there's only a 8% chance the Fed will raise rates, according to the CME Group's FedWatch tool.

Persons: Stephen Stanley, Gargi Chaudhuri Organizations: CNBC, Fed, Traders Locations: U.S

☆ Short-sellers raise their stakes against these 2 European banks by billions since the SVB crisis
▼ + stars: | 2023-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Short-sellers significantly increased their bets against European banks Santander and ING amidst a turbulent month for the global banking sector. Madrid-headquartered Santander's stock saw the biggest surge in short interest among European banks since Mar. The table below shows 10 European banks with the largest increase in shorts between Mar. Meanwhile, France's BNP Paribas had attracted the largest short interest in dollar value among European banks, followed by Santander and ING. The below table lists the 10 European bank stocks with the largest short interest as of Apr.

☆ MLB roundup: Cubs' Drew Smyly flirts with perfection vs. Dodgers
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +11 min

Los Angeles starter Julio Urias (3-2) allowed five runs, seven hits (including two homers) and two walks in 3 1/3 innings. Seven of Urias' 10 earned runs allowed this season have come against Chicago. Philadelphia starter Aaron Nola tossed a season-high seven innings and allowed four hits and three runs with three strikeouts and three walks. Pittsburgh starter Mitch Keller (2-0) allowed two runs and four hits in six innings, with five strikeouts and a walk. Pivetta (1-1) allowed three runs on seven hits in 5 2/3 innings, striking out seven with one walk.

[1/4] Law enforcement officers investigate the scene following an attack on bank ATMs in Ratingen, Germany, March 15, 2023. Courtesy of Achim Blazy/Handout via REUTERSRATINGEN, Germany, April 14 (Reuters) - In the German town of Ratingen, exploding cash machines are a hot-button topic. But in Germany, thieves are blowing ATMs up at the rate of more than one a day. Europe's largest economy has 53,000 ATM machines, a disproportionately high number that reflects Germans' preference for cash rather than bank cards. Germany is also working with officials in Belgium and France and at Europol to combat the cash machine crime wave.

☆ MLB roundup: Rays improve to 8-0 with rout of A's
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +11 min

Springs scattered three hits, struck out seven and walked three while logging seven innings. The Astros rallied in the ninth on Jeremy Pena's two-run homer against Jovani Moran. Adam Duvall blasted a two-run homer and a pair of doubles while scoring three times. Pete Alonso and Eduardo Escobar each hit two-run homers for the Mets, who have won five of six games against the Marlins. Perdomo had three RBIs and two hits as Arizona racked up season highs for runs and hits (17).

☆ Lending standards may change in response to deposit fears, says Santander's Stephen Stanley
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLending standards may change in response to deposit fears, says Santander's Stephen StanleyCNBC’s Steve Liesman,and Stephen Stanley, chief US economist at Santander, joins 'The Exchange' to discuss dislocations in the market, the Fed's plan to drain excess liquidity, and the impact of bank failures on regional banks.

MERIDA, Mexico, March 16 (Reuters) - The Mexican arm of Spain's Banco Santander (SAN.MC) plans to launch digital lender Openbank by the end of March 2024 to offer checking accounts, credit cards and other services over time, the head of the local unit said on Thursday. "We need to 'tropicalize' it and make it fit for the Mexican market and regulation," Santander's Mexico country head Felipe Garcia told Reuters in an interview, adding that because the digital bank already operates in Argentina and some European countries the operation will not be starting from scratch. Garcia did not say how much Spain's biggest bank would invest in the move. The unit is Mexico's third-biggest bank by the size of its credit portfolio and managed some 810 billion pesos ($43.23 billion) at the end of last year, according to data from the national banking regulator. ($1 = 18.7385 Mexican pesos)Reporting by Valentine Hilaire and Noe Torres; Editing by Sarah Morland and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ One of Europe's biggest banks is quickly rotating job roles to help women get to the top
▼ + stars: | 2023-03-08 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

More needs to be done to get women into management roles in finance, according to Santander Executive Chair Ana Botin. The finance industry is not quick enough at getting women into management positions, according to Santander's Executive Chair Ana Botin. "They're getting better, but not fast enough," Botin said in an interview with CNBC's Charlotte Reed last week. Botin said there are steps that financial institutions can take to ensure that women can secure top roles in the sector. The process of rotating roles around more often means that women can get the flexibility of experience they need to get to the top, she said.

☆ Santander to return half of profits to shareholders in 3-year strategy
▼ + stars: | 2023-02-28 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

"Profitability guidance will be a positive surprise for the market ... however the company had already guided to an above 15% ROTE in 2023," Jefferies said, adding that new dividend policy had also been anticipated. As part of this plan, Santander's European region will see this metric rising to 15% from 9.28% by the end of 2022. Santander also said that it expected to improve its efficiency ratio to 42% from currently 45.8%. Its total cash dividend per share for 2022 will rise to 0.1178 euros, it said, also announcing an additional share buy-back programme of 921 million euros ($974.8 million) after obtaining regulatory authorization. ($1 = 0.9448 euros)Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Santander bets on Europe recovery, customers to lift profits and pay-outs
▼ + stars: | 2023-02-28 | by ( Jesús Aguado | ) www.reuters.com time to read: +4 min

Santander has relied in the past on Latin America to cope with tough conditions for lenders in Europe since the financial crisis but banks across Europe are beginning to benefit from higher borrowing costs despite economic uncertainty. The remuneration would be in the form of cash payouts and share buybacks. This would bring Europe, the lender's main contributor to the group's profits, in line with the ROTE target seen for North America. Santander expects its cost of risk, which measures the cost of managing potential losses for the bank, to hover around 100 and 110 basis points in 2025 from an expected 120 bps this year. ($1 = 0.9448 euros)Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Santander boss Botin expected to extol Europe, payout to sway investors
▼ + stars: | 2023-02-24 | by ( Jesús Aguado | ) www.reuters.com time to read: +5 min

Shares in Santander, the euro zone's second-biggest bank by market value, have fallen 47% since Sept. 10, 2014, while the European Stoxx 600 banks index (.SX7P) is down around 18%. "The bank will have a tailwind ... because half of the money comes from Europe. PAY-OUT FOCUSSome analysts expect a higher shareholder payout to be main plank of Santander's investor update in London. But lower valuations than European rivals and a better outlook for retail banks could help drive a share price rebound. Santander trades at a price to book value of 0.65%, compared to an average 0.73% from European peers.

☆ Builders will scramble to catch up to demand for years, says Santander's Stephen Stanley
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuilders will scramble to catch up to demand for years, says Santander's Stephen StanleyUBS’s John Lovallo and Santander’s Stephen Stanley join 'The Exchange' to discuss the state of housing as more affluent Americans rent.

☆ Santander lagging behind on inflation payment for German bank staff
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Jan 20 (Reuters) - Spain's Santander (SAN.MC) is the only major bank operating in Germany that has not announced a special payment to local staff to help them with soaring inflation, union officials told Reuters, although the bank said talks were ongoing. Last year, German union Verdi called on banks to give some of their lowest-earning workers a special payment to help them combat higher energy prices. "Santander is the big exception among public and private banks," said Stefan Wittmann, a Verdi official negotiating on behalf of Santander employees. On Friday, Santander and union officials agreed to take up the issue at a meeting next week, but Santander hasn't made a binding offer, Wittmann said. Santander said it was in talks with Verdi on amending its collective wage agreement, and the inflation demands came up in talks late last year.

☆ Brazilian lender Santander's Chairman Rial resigns
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Jan 20 (Reuters) - Brazilian lender Santander Brasil SA said on Friday its chairman and former chief executive, Sergio Rial, is resigning from his position at the firm. The resignation comes just days after Rial quit his short-lived job as chief executive of retailer Americanas SA after finding accounting "inconsistencies" that led the company to file for bankruptcy protection. Rial was Santander Brasil's CEO for six years, as well as the bank's regional head for South America, before transitioning to board chairman in early 2022. He is also chairman of the board at fuel distributor Vibra Energia SA (VBBR3.SA), vice chair at BRF SA (BRFS3.SA) and a board member at Delta Air Lines (DAL.N). Rial will be replaced on an interim basis by his vice chair, Deborah Stern Vieitas, until the bank's next general meeting on April 28.

☆ Billionaire-backed Americanas files for bankruptcy protection, shares tank
▼ + stars: | 2023-01-19 | by ( Gabriel Araujo | ) www.reuters.com time to read: +4 min

SAO PAULO, Jan 19 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) on Thursday filed for bankruptcy protection, days after uncovering nearly $4 billion in accounting inconsistencies and amid a legal feud with creditors. In the filing, Americanas asks to exclude fintech Ame from the bankruptcy protection, as it is regulated by the central bank, and for authorization to increase its capital. Chief Executive Sergio Rial resigned last week, less than two weeks after taking the job, citing the discovery of "accounting inconsistencies" totaling 20 billion reais. Andre Luzbel, head of variable income at SVN Investimentos, said the bankruptcy protection was unavoidable, noting it would be one of the largest ever in Brazil, "as complex as Oi's one." Oi SA (OIBR4.SA), a telecom firm, filed in June 2016 for Brazil's then-biggest ever bankruptcy protection and only exited it in December 2022.

☆ Brazil's Americanas mulls filing for bankruptcy, shares tank as markets see move as imminent
▼ + stars: | 2023-01-19 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

Americanas said its current cash position stands at 800 million reais ($154.25 million). "The bankruptcy protection is unavoidable and might be one of the largest ever in Brazil, as complex as Oi's one." Oi SA (OIBR4.SA), a telecom firm, filed in June 2016 for Brazil's then-biggest ever bankruptcy protection and only exited it in December 2022. Last week, chief executive Sergio Rial resigned less than two weeks after taking the job citing the discovery of "accounting inconsistencies" totaling 20 billion reais. "Filing for bankruptcy protection is imminent and necessary," said Fernando Ferrer, an analyst at Empiricus Research, noting there could be a "cascade effect" of banks requesting to withhold money from the firm.

LONDON, Dec 9 (Reuters) - Britain's Financial Conduct Authority said it had fined Santander (SAN.MC) 107.7 million pounds ($132 million) for "serious and persistent" gaps in the Spanish bank's anti-money laundering controls for more than 560,000 business customers. The FCA said on Friday that between Dec. 31 2012 and Oct. 18 2017, Santander's UK arm failed to properly oversee and manage its anti-money laundering systems. Santander UK said it accepted the FCA's civil regulatory findings in relation to anti-money laundering controls in its business banking division. The FCA has stepped up action against failings in bank money laundering controls in recent years. The FCA has also fined Standard Chartered and HSBC in the last three years for anti-money laundering breaches.

☆ UK financial watchdog fines Santander $132 million
▼ + stars: | 2022-12-09 | by ( ) www.cnbc.com time to read: +1 min

Britain's Financial Conduct Authority said on Friday it had fined Santander £107.7 million ($132 million) for "serious and persistent" gaps in the Spanish bank's anti-money laundering controls for more than 560,000 business customers. The FCA said that between 31 December 2012 and 18 October 2017, Santander's U.K. arm failed to properly oversee and manage its anti-money laundering systems. Santander had ineffective systems to adequately verify the information provided by customers about the business they would be doing, the FCA said. Santander U.K. said it accepted the FCA's civil regulatory findings in relation to anti-money laundering controls in its business banking division. The FCA investigation has now concluded and no further action is anticipated by the U.K. watchdog or any other authority in respect of this matter, the bank said.

LONDON, Oct 27 (Reuters) - Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly, as markets calm since Liz Truss's government collapsed and Rishi Sunak took power. But as markets have stabilised and borrowing costs have fallen, the trickle of mortgage rate cuts has lagged behind. By contrast, average rates on two-year and five-year fixed-rate mortgages have fallen just 0.16 percentage points, Moneyfacts data shows. Reuters GraphicsFIXED RATESMortgage brokers say fixed-rate mortgage rates typically lag changes in swap rates, a trend which could be exacerbated this time as lenders focus on reintroducing products. Five-year mortgage rates have followed a similar pattern, Moneyfacts data shows.

☆ Santander's profit tops forecast despite provisions, costs
▼ + stars: | 2022-10-26 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

The euro zone's second-biggest lender by market value booked a net profit of 2.42 billion euros ($2.41 billion), up from 2.17 billion euros in the same quarter last year. Analysts polled by Reuters had expected a net profit of 2.19 billion euros. Net loan-loss provisions rose 24% year-on-year to 2.76 billion euros against an uncertain macroeconomic backdrop, mirroring the picture at lenders in the United States. Santander's diversification, especially in Latin America, has helped it cope with tough conditions for lenders in Europe since the financial crisis. Revenues climbed 13% year-on-year to 13.51 billion euros, more than the 13.15 billion euros analysts had forecast.

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