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☆ Rules will need to change if we want more cross-border market consolidation in Europe, Santander executive chair says
▼ + stars: | 2024-10-31 | 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 EmailRules will need to change if we want more cross-border market consolidation in Europe, Santander executive chair saysAna Botín, the executive chair of Santander, discusses the Spanish economy, European banking consolidation and the U.S. election at the Santander International Banking Conference in Madrid.

Persons: Ana Botín Organizations: Santander, Santander International Banking Locations: Europe, Santander, Madrid

☆ Banco Santander Executive Chairman Ana Botin goes one-on-one with Jim Cramer
▼ + stars: | 2024-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Banco Santander Executive Chairman Ana Botin goes one-on-one with Jim CramerBanco Santander Executive Chairman Ana Botin joins 'Mad Money' host Jim Cramer to talk the global financial picture, lending in the U.S., and more.

Persons: Ana Botin, Jim Cramer Organizations: Banco Santander, Jim Cramer Banco Santander Locations: U.S

☆ Spain's Santander posts 20% hike in net profit as retail business shines
▼ + stars: | 2024-07-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil. The company's net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in line with a consensus from analysts polled by Reuters. Santander now expects revenues will hit high-single digit growth, from a previously forecast mid-single digit expansion. Other highlights included:Pre-tax profit: 4.925 billion euros in the second quarter, versus 4.258 billion euros in the same period of last year. Net interest income: 11.47 billion euros in the June quarter, compared with 10.52 billion euros in the same three-month stretch of last year — but below a 11.96% forecast for the second quarter of 2024 from analysts polled by Reuters.

Persons: Javier Milei, Ana Botin Organizations: Banco Santander, Reuters, Santander Locations: Europe, Brazil, Argentina

☆ We have three main businesses which gives us a lot of stability and diversification, says Santander's Ana Botin
▼ + stars: | 2024-02-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

We have three main businesses which gives us a lot of stability and diversification, says Santander's Ana BotinBanco Santander's Executive Chair Ana Botin joins 'Mad Money' host Jim Cramer to talk quarterly earnings, the global banking sector and more.

Persons: Santander's Ana Botin, Ana Botin, Jim Cramer Organizations: Santander's Ana Botin Banco

☆ Most of our growth will come from the Americas or our consumer bank: Santander exec
▼ + stars: | 2024-01-31 | 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 EmailMost of our growth will come from the Americas or our consumer bank: Santander execAna Botin, executive chairman of Santander, says "Europe needs faster growth."

Persons: Ana Botin Organizations: Santander Locations: Americas, Europe

☆ Santander Q4 profit at record high on Europe, Brazil lending income
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: +2 min

Strong lending income in Europe and Brazil helped Spain's Santander offset a loss in Argentina and post a record high profit for the last quarter of 2023, beating forecasts. Net profit for the quarter rose 28% year-on-year to 2.93 billion euros, above analysts' expectations for 2.64 billion euros, thanks to a 34% gain in net profit in Europe. For the whole of 2023, net profit rose 15% to a record 11.08 billion euros as revenues rose 10.5%. In Brazil, NII rose 12.3% against the same quarter of 2022 and 7.6% from the third quarter. Santander booked a loss of 20 million euros in Argentina, which accounted for 3% of the bank's total profit for 2023.

Persons: Ana Botin, NII Organizations: Banco Santander, Spain's Santander, Santander, BBVA Locations: London, Europe, Brazil, Argentina, America, Spain, South America

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

☆ Santander's Botin targets auto finance, renewables in U.S. banking push
▼ + stars: | 2023-11-09 | by ( Alessandra Galloni | ) www.reuters.com time to read: +2 min

"Our strategy is very focused on playing to our strengths," she said in an interview at the Reuters NEXT conference in New York. As part of efforts to grow the unit, the Spanish bank is hiring staff from the stricken Credit Suisse. "All we are saying is, in terms of taxes, in terms of transparency, let's have the same," Botin said. "I'd love to compete with Apple as long as we are competing on same terms," she said. Santander is investing in its payments business PagoNxt as one of five key business areas, competing with the likes of Apple Pay.

Persons: Ana Botin, Alessandra Galloni, Brendan McDermid, Botin, Lananh Nguyen, Saeed Azhar, Lawrence White, Mark Porter, Lisa Shumaker Organizations: Banco Santander, Reuters NEXT, Santander, Suisse, Reuters, REUTERS, Apple Inc, Apple, Apple Pay, reuters, Thomson Locations: U.S, New York, Spanish, Santander, New York City , New York

☆ Santander tops forecast as strong Europe offsets weaker US
▼ + stars: | 2023-10-25 | by ( Jesús Aguado | ) www.reuters.com time to read: +4 min

In Europe, net profit jumped 64% year-on-year in the quarter, while in South America it fell 7%. In Spain, the bank's biggest market, net profit surged almost 60%, while NII jumped 56%. In the UK, net profit rose 5.7% year-on-year in the quarter. In Brazil, its second-biggest market, net profit fell 8.9%, though NII rose 3.3%, reflecting an improvement in trends. Net profit in the United States fell 50.4% on higher funding costs in the auto business while provisions rose 49%.

Persons: Violeta Santos Moura, Ana Botin, JP Morgan, NII, Jesús, David Holmes, Mark Potter Organizations: Santander, REUTERS, Revenues, Thomson Locations: Boadilla del Monte, Madrid, Spain, MADRID, Spanish, Europe, United States, America, South America, SPAIN, BRAZIL, Portugal, Poland, Brazil

☆ Santander creates two new global businesses for retail, consumer areas
▼ + stars: | 2023-09-18 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

Santander Bank logo is seen in this illustration taken March 12, 2023. The new Retail and Commercial unit and Digital Consumer Bank will join Santander's other global operations in Corporate and Investment Banking, Wealth Management and Insurance and Payments, it said in a statement. The bank is benefiting from higher interest rates in Europe as it seeks to expand its investment banking business. Global heads will define the common business and operating model based on global platforms, said the bank, with all operations aligned under five global business areas. The Digital Consumer Bank will be led by Jose Luis de Mora.

Persons: Dado Ruvic, Ana Botin, Daniel Barriuso, Jose Luis de Mora, Javier San Felix, Matias Sanchez, Jose M ., Victor Matarranz, Jesús Aguado, Joan Faus, Richard Chang Organizations: Santander Bank, REUTERS, Rights, Spain's Santander, Digital Consumer Bank, Corporate, Investment Banking, Wealth Management, Insurance, Santander, Corporate & Investment Banking, Thomson Locations: Rights MADRID, Europe

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

☆ Cramer's one-on-one with Banco Santander
▼ + stars: | 2023-04-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer's one-on-one with Banco SantanderAna Botin, the executive chair of Banco Santander, sits down with Jim Cramer to discuss the company's outlook.

☆ 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.

☆ Watch CNBC's full interview with Santander Executive Chair Ana Botin
▼ + stars: | 2023-02-28 | 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 EmailWatch CNBC's full interview with Santander Executive Chair Ana BotinAna Botin, the executive chair at Santander, speaks to CNBC's Charlotte Reed after the bank lifted its profitability goal on Tueasday.

☆ 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.

☆ 'Proud of our results,' says Santander CEO as company beats interest income estimate
▼ + stars: | 2023-02-02 | 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 Email'Proud of our results,' says Santander CEO as company beats interest income estimateAna Botin, executive chairman at Santander, discusses the company's results as Spain is facing a volatile year between strikes and upcoming political elections.

☆ Santander is not interested in potential acquisition of Orange Bank
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: 1 min

MADRID, Feb 2 (Reuters) - Spain's Santander (SAN.MC) is not interested in the potential acquisition of Orange Bank (ORAN.PA), the mobile banking unit of Orange, chairman Ana Botin said on Thursday. Les Echos reported on Wednesday that French banks BNP Paribas , Credit Agricole (CAGR.PA) and Societe Generale (SOGN.PA) were mulling a bid for Orange Bank. The newspaper added that Spanish bank Santander and U.S. private equity fund Cerberus were also considering a bid. "We are not interested in Orange," Botin said during the annual earnings press conference in Madrid. Reporting by Emma Pinedo; Editing by Jesus AguadoOur Standards: The Thomson Reuters Trust Principles.

☆ Davos 2023: Global bank chiefs get FBI cybersecurity update
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/IllustrationDAVOS, Switzerland, Jan 19 (Reuters) - Global bank and exchange chiefs got insight on cybersecurity and resilience from the U.S. Federal Bureau of Investigation's director during a private session in Davos this week. The financial services executives also compared notes on economic risks, financial stability and sustainability. Klaas Knot, President of the Dutch central bank who chairs the Financial Stability Board, also spoke with the group. He discussed vulnerabilities in the financial system, including risks posed by so-called shadow banks, the sources said. For daily Davos updates in your inbox sign up for the Reuters Daily Briefing here.

☆ How Ana Botín can defeat the Santander sceptics
▼ + stars: | 2022-12-21 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Dec 21 (Reuters Breakingviews) - Investors aren’t buying what Ana Botín is selling. That’s striking because analysts expect Santander to earn a respectable 11% return on tangible equity (ROTE) over the next 12 months. One way to express the dissonance between those numbers is to infer the return investors require to hold the bank’s shares. To shed that discount, Botín must prove Santander is the best owner of its component bits. The group generated an annualised return on tangible equity of almost 14% in the first nine months of 2022.

☆ 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.

And Italy's UniCredit (CRDI.MI) raised its 2022 profit goal, helped by higher interest rates and lower loan loss provisions that also drove quarterly earnings above forecasts. For years, banks bemoaned ultra loose monetary policy, but now higher interest rates means banks can start to benefit from the increased gap between what they charge borrowers and what they pay savers. Standard Chartered's third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income, giving it ammunition to upgrade its revenue outlook despite a weakening global economy. For Santander, higher loan loss provisions in key markets like Brazil and the United States overshadowed better than expected third-quarter earnings. While benefiting from higher interest rates, banks also face the unwinding of a scheme that buoyed their profits for years.

☆ ECB offers flimsy shield against Spain’s bank levy
▼ + stars: | 2022-09-15 | by ( ) www.reuters.com time to read: +2 min

Its mandate as regulator is to ensure the European banking system is stable, rather than dabble in local matters. That means lenders would have to successfully argue that their capital buffers are under threat by a mere 3 billion euro levy that will be spread out across the sector. Up until now, lenders like Santander have been at pains to convince investors that they have ample capital to withstand a downturn. (By Aimee Donnellan)Follow @Breakingviews on TwitterRegister now for FREE unlimited access to Reuters.com Register(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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