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Top related persons:
Nigel Wilson – - 1 – - 1 Simões - 1 Assicurazioni - 1 Wilson - 1 Pamela Barbaglia - 1 Lisa Jucca - 1 Oliver Taslic - 1
Top related locs:
Europe Zurich London Hong Kong United States Portuguese India
Top related orgs:
Banco Santander’s - 1 Allianz - 1 HSBC - 1 HK - 1 G Capital - 1 Twitter - 1 Bank - 1 Thomson - 1

Search resuls for: "Banco Santander’s"


4 mentions found


☆ New L&G CEO has ways to tackle Brexit discount
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 15 (Reuters Breakingviews) - Britain’s Legal & General (LGEN.L) is betting on an outsider to offset a valuation discount against non-UK rivals. The $17 billion insurer has picked Banco Santander’s (SAN.MC) regional head of Europe António Simões as its new CEO. The unit’s non-UK assets accounted for 43% of new money last year. The arrival of the Portuguese-born banker will cost L&G 1.175 million pounds in annual basic salary, 9% more than Wilson’s base pay. That adds pressure for Simões to tackle L&G’s Brexit valuation gap.
Persons: Nigel Wilson –, –, Simões, Assicurazioni, Wilson, Pamela Barbaglia, Lisa Jucca, Oliver Taslic Organizations: Reuters, Banco Santander’s, Allianz, HSBC, HK, G Capital, Twitter, Bank, Thomson Locations: Europe, Zurich, London, Hong Kong, United States, Portuguese, India
☆ Deutsche Bank shrugs off basket-case mantle
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +2 min
Some alighted on Deutsche Bank (DBKGn.DE), the erstwhile whipping boy of European banking. True, the bank’s total deposits fell by 29 billion euros, or roughly 5%, between Dec. 31 and March 31. In Banco Santander’s (SAN.MC) European business, customer deposits also fell roughly 5% over the same period. Meanwhile, three-quarters of corporate banking deposits either have a fixed term or are used as part of the customers’ operations, making them stickier. Deutsche, previously the basket-case of European banking, was always a likely target for investors hunting for the next weak link.
☆ 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.
☆ European banks’ perfect moment will prove fleeting
  + stars: | 2022-10-26 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
LONDON, Oct 26 (Reuters Breakingviews) - Europe’s big banks are enjoying a perfect moment. That dream scenario allowed Deutsche Bank (DBKGn.DE), Barclays (BARC.L) and Banco Santander (SAN.MC) to report chunky profits in third-quarter results released on Wednesday. Barclays’ revenue from trading fixed-income securities, currencies, and commodities in the first nine months of 2022 was 63% higher year-on-year. Deutsche, Barclays and Santander have slashed their group-wide stock of loan-loss provisions since 2020, and in the latter two cases they’re even below pre-pandemic levels. Deutsche Bank and Barclays were down 0.5% and 0.9% respectively.
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