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Top related persons:
Vesttoo - 3 Carolyn Cohn - 3 Ami Barlev - 2 Yaniv Bertele - 2 Santander's Ana Botin - 1 Ana Botin - 1 Jim Cramer - 1 Mouro - 1
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Israel U.S
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Banco Santander's - 3 Thomson - 3 Santander's Ana Botin Banco - 1 Nasdaq - 1

Search resuls for: "Banco Santander's"


6 mentions found


☆ 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
☆ Fintech Vesttoo seeks Chapter 11 bankruptcy protection
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 14 (Reuters) - Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday. Vesttoo - partly backed by Banco Santander's (SAN.MC) fintech venture capital arm Mouro Capital - has laid off staff, closed offices and appointed an interim chief executive following the discovery of fraudulent letters of credit used on its platform. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. Led by Mouro, Vesttoo last raised $80 million at a $1 billion valuation last October. In its bankruptcy filing, Vesttoo said it had appointed law firm DLA Piper and financial adviser Kroll to represent the firm.
Persons: Vesttoo, Ami Barlev, Mouro, DLA Piper, Kroll, Carolyn Cohn, Sonali Paul Organizations: Banco Santander's, Thomson Locations: Israel, U.S
☆ Israeli fintech Vesttoo names new interim CEO
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +2 min
JERUSALEM, Aug 9 (Reuters) - Israeli fintech company Vesttoo said on Wednesday it named Ami Barlev as interim chief executive officer, replacing Yaniv Bertele, who was in charge during a fake collateral scandal. The firm noted Barlev specializes in the areas of corporate governance, business development, crisis management, and managing companies in complex situations. Vesttoo, which uses artificial intelligence technology to connect the insurance industry and capital markets, is also in contact with regulatory bodies worldwide. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. Reporting by Steven Scheer and Carolyn Cohn; Editing by Toby Chopra and David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Vesttoo, Ami Barlev, Yaniv Bertele, Barlev, Steven Scheer, Carolyn Cohn, Toby Chopra, David Evans Organizations: Nasdaq, Banco Santander's, Thomson
☆ Israel's Vesttoo in talks with investors over fake collateral scandal
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 7 (Reuters) - Israeli fintech company Vesttoo is in "active discussions" with potential investors to find alternative collateral for clients after discovering fake letters of credit had been used on its platform, a company spokesperson said on Monday. Vesttoo provides insurers with access to so-called insurance-linked securities - an alternative form of reinsurance. These securities may be backed by collateral in the form of letters of credit. Vesttoo was working with the markets to find alternative collateral, it said in the statement. Vesttoo said a core team of more than 50 people was working to seek alternative collateral, and the company would meet all its commitments to suppliers and consultants.
Persons: Vesttoo, Yaniv Bertele, Carolyn Cohn, David Goodman, Mark Potter Organizations: Banco Santander's, Thomson
☆ 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.
☆ 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.
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