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☆ Barclays in talks to buy Metro Bank's mortgage book worth $3.74 bln - Sky News
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsNov 27 (Reuters) - Britain's Barclays (BARC.L) is in exclusive talks to buy embattled lender Metro Bank's (MTRO.L) 3 billion pound ($3.74 billion) residential mortgages portfolio, Sky News reported on Monday. Both Barclays and Metro Bank declined to comment. The report comes after Britain's best-known challenger bank announced a 325 million pound capital raise and 600 million pound debt refinancing in early October, in a bid to bolster its finances. Last month, Santander's (SAN.MC) chief executive officer Hector Grisi had said the Spanish bank may consider looking into acquiring a mortgage portfolio from Metro.

Persons: Peter Nicholls, Britain's, Jaime Gilinski, Hector Grisi, Eva Mathews, Anil D'Silva, Shilpi Majumdar Organizations: Barclays Bank, REUTERS, Britain's Barclays, Metro, Sky News, Barclays, Metro Bank, Separately, Reuters, Thomson Locations: London, Britain, Colombian, Metro, Spanish, Bengaluru

☆ Santander may look into potential acquisition of Metro mortgage portfolio
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsMADRID, Oct 25 (Reuters) - Santander (SAN.MC) may consider looking into acquiring a mortgage portfolio from Metro (MTRO.L) if the British bank decides to put it up for sale, the Spanish bank's Chief Executive Officer Hector Grisi said on Wednesday. Metro, seeking to bolster its finances after a string of setbacks, earlier this month announced a 325 million pound capital raise and 600 million pound debt refinancing. The bank also said it was in discussions regarding the sale of up to 3 billion pounds ($3.64 billion)of residential mortgages. "Today the truth is that I don't know whether Metro will end up doing something or not, whether it will sell a portfolio or not."

Persons: Hannah McKay, Hector Grisi, Grisi, Jesús, Jane Merriman Organizations: Metro Bank, REUTERS, Rights, Metro, Wednesday, Thomson Locations: London, Britain, Rights MADRID, Santander, British, Spanish

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

☆ Santander appoints Pedro Castro e Almeida as Europe's regional head
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

MADRID, June 15 (Reuters) - Spain's Santander (SAN.MC) on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain's Legal and General Group (LGEN.L). As regional chief, Castro will be responsible for the bank's businesses in Europe, including its units in Spain, Britain, Poland and Portugal. The appointment will take effect on September 1, subject to customary approvals, with Simoes continuing in his current position until then, the lender said. Castro will lead the transformation in the region and report to the group's CEO, Hector Grisi, while maintaining his current position as CEO of Santander Portugal. Reporting by Jesús Aguado; editing by Inti LandauroOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Castro e Almeida, Antonio Simoes, Castro, Simoes, Hector Grisi, Jesús, Inti Organizations: Spain's Santander, General Group, Santander, Inti Landauro, Thomson Locations: MADRID, Europe, Spain, Britain, Poland, Portugal, Santander Portugal

☆ 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.

☆ Santander books record 9.6 billion euro profit for 2022 but Q4 provisions up
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: +2 min

Santander on Thursday said its 2022 net profit rose 18% to a record 9.6 billion euros ($10.6 billion) on higher lending, though results were overshadowed in the fourth quarter as provisions more than doubled on economic uncertainty. The euro zone's second-biggest lender by market value posted net profit in the October to December period of 2.29 billion euros, up around 1% from a year before and above the 2.07 billion euros forecast by analysts in a Reuters poll. In the fourth quarter however loan loss provisions rose 106% year-on-year to 3.02 billion euros, mainly in the United States and Brazil, though that was slightly below an analysts' forecast of 3.08 billion euros. The lender's cost of risk - the cost of managing credit risks and potential losses - rose to 99 basis points from 86 basis points at the end of September, still below the 100 basis points guided for the year. For 2023, it expected cost of risk to rise but remain below 120 basis points.

☆ Santander books record 9.6 bln euro profit for 2022 but Q4 provisions up
▼ + stars: | 2023-02-02 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

The euro zone's second-biggest lender by market value posted net profit in the October to December period of 2.29 billion euros, up around 1% from a year before and above the 2.07 billion euros forecast by analysts in a Reuters poll. In the fourth quarter however loan loss provisions rose 106% year-on-year to 3.02 billion euros, mainly in the United States and Brazil, though that was slightly below an analysts' forecast of 3.08 billion euros. Santander said in a statement additional provisions had resulted from "updated macro assumptions... given the economic uncertainty". The lender's cost of risk - the cost of managing credit risks and potential losses - rose to 99 basis points from 86 basis points at the end of September, still below the 100 basis points guided for the year. For 2023, it expected cost of risk to rise but remain below 120 basis points.

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