SAN.MC - Banco Santander, S.A.
| Previous close | 3.6775 |
| Open | 3.6625 |
| Bid | 3.6355 x N/A |
| Ask | 3.6360 x N/A |
| Day's range | 3.6320 - 3.6680 |
| 52-week range | 3.3855 - 4.6820 |
| Volume | 32,723,218 |
| Avg. volume | 80,972,226 |
| Market cap | 60.39B |
| Beta (5Y monthly) | 1.45 |
| PE ratio (TTM) | 11.84 |
| EPS (TTM) | 0.3070 |
| Earnings date | 29 Jan 2020 |
| Forward dividend & yield | 0.23 (6.25%) |
| Ex-dividend date | 30 Oct 2019 |
| 1y target est | N/A |
- Yahoo Finance UK
Billionaire Spanish banker fined €52m for Picasso smuggling plot
Billionaire banker and art collector Jamie Botin has been found guilty of trying to smuggle a rare Picasso painting out of Spain.
- Yahoo Finance UK
£260m boost for savers as watchdog cracks down on banks
The Financial Conduct Authority plans to force banks to offer one interest rate for 'easy access' savings accounts to prevent them gradually cutting rates.
- Yahoo Finance UK
Plea for Brexit protection as City said it paid £75bn tax last year
Financial services companies contributed around 10% of all UK tax in 2019, according to a new report from PwC and the City of London Corporation.
- Reuters - UK Focus
LIVE MARKETS-Sweet first session for European bourses
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. European bourses closed the day in positive territory as they got a boost from the news that China's central bank is cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to revive the economy. The pan-European index was up 1% and the euro-zone blue chip index was up 1.37% at the end of the session, led by banks up 2%.
- Yahoo Finance UK
Tens of thousands of bank jobs axed in 2019 — and more pain to come
Europe’s investment banks are getting to grips with stricter research rules, low or negative interest rates, and depressed market activity.
- Reuters - UK Focus
Small British banks want softer rules to help them compete
Britain's mid-tier banks have asked the Bank of England to ease rules introduced after the financial crisis that they say hamper their efforts to compete with bigger rivals that have a tight grip on the market. Four banking industry sources said these so-called "challengers" have stepped up lobbying in meetings with the central bank and finance ministry officials in recent months to ease requirements for holding special debt aimed at shielding taxpayers from bailing out troubled banks. Smaller banks have long-argued that rules are stacked in favour of the "big six" lenders - RBS, Lloyds, Barclays, HSBC, Santander and Nationwide.
- Reuters
Santander UK latest bank to cut CEO pension perks
Santander's UK chief executive Nathan Bostock will have his pension allowance cut from next year, as the bank becomes the latest to bow to investor pressure to rein in executive pension perks. Bostock's pension allowance - which was worth 588,000 pounds ($754,404.00) last year - will be reduced from 35% of his base pay to 22% in 2020 and to 9% in 2021, a source familiar with the matter said. Santander's move comes as rivals including HSBC and RBS have already cut executive pension perks this year to meet corporate governance guidelines, while others including Barclays and Lloyds have plans to do so.
- Reuters - UK Focus
UPDATE 1-UK regulators call time on lengthy glitches in banking services
Regulators made proposals on Thursday to strengthen the ability of banks and payment firms in Britain to cope with major incidents and maintain key services with minimum interruption. The Bank of England and the Financial Conduct Authority have proposed that banks, insurers, investment firms, exchanges and financial market infrastructure (FMIs) firms like Visa that make payments possible, set "impact tolerances" for important services. Firms themselves would quantify the maximum level of disruption they would tolerate in terms of time, volume of business or number of customers affected.
- Yahoo Finance UK
HSBC and Santander to refund millions for overdraft text failures
The two banks failed to send all customers text alerts letting them know they were about to enter unplanned overdrafts, which incur fees.
- Reuters
HSBC, Santander UK to refund customers for breaking watchdog order
HSBC was found to have broken a part of the Competition and Market Authority's (CMA) Retail Banking Market Investigation Order twice and is refunding 8 million pounds to 115,000 customers, the CMA said on Friday. Santander broke the order six times and has agreed to issue a refund, but has yet to confirm the number of customers affected and how much it will refund, the watchdog added.
- Yahoo Finance UK
Bank customers suffer five IT glitches a week
RBS and Santander were the worst performers, with 18 tech issues each recorded in the last year.
- Yahoo Finance UK
Fintech and banking bosses debate the potential death of banks
Many of the fintech firms that are disrupting the banking sector will not be around in 10 or 100 years, the CEO of challenger bank Starling said.
- Reuters - UK Focus
UPDATE 2-StanChart bows to investor ire by cutting pension of CEO Winters
Standard Chartered joined some of its British rivals in cutting its chief executive's pension allowance on Friday after protests from shareholders, putting pressure on other banks such as Lloyds to follow suit. Standard Chartered said its CEO Bill Winters and Chief Financial Officer Andy Halford had agreed to have their pension allowances cut to 10% from 20% of their salary from January, putting them in line with the rest of its workforce in Britain. The bank's definition of 'total salary' includes both base salary and a fixed pay allowance paid in shares.
- Reuters
TIM and Santander agree to consumer credit joint venture
MILAN/MADRID (Reuters) - Italy's Telecom Italia (TIM) and Spanish lender Banco Santander have agreed to set up a joint venture to provide consumer-credit services in Italy, the companies said on Thursday, confirming earlier reporting by Reuters. The deal should help TIM to free up capital and reduce its credit risk, while establishing Santander as a leading provider of consumer finance in Italy.
- Reuters
Santander buys 1.3 billion euro Nordics car loan portfolio from Ford
Santander Consumer Bank, a unit of Spain's Santander , agreed on Monday to buy a consumer auto-loan portfolio worth 1.3 billion euros (£1.1 billion) from Ford Motor Company in the Nordic countries, a Santander spokesman said. "Part of the transaction is a long-term agreement on retail and wholesale finance to Ford dealers under the Ford brand," the spokesperson said, without disclosing the amount of the deal. The transaction is expected to be closed in the first quarter of next year and is subject to regulatory approval, Santander said, confirming information first published by the newspaper Expansion.
- Reuters - UK Focus
UPDATE 1-Santander in 350 stg mln deal for stake in UK's Ebury
Santander has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday. Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement. Santander said it is acquiring 50.1% of Ebury for 350 million pounds, of which 70 million will be new primary equity to support Ebury's plans to enter new markets in Latin America and Asia.
- Reuters
Santander in £350 million deal for stake in Ebury
Santander has taken a £350 million majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday. Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement. Santander said it is acquiring 50.1% of Ebury for £350 million, of which £70 million will be new primary equity to support Ebury's plans to enter new markets in Latin America and Asia.
- Reuters
Santander in 350 million pound deal for stake in UK's Ebury
Santander has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday. Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement. Santander said it is acquiring 50.1% of Ebury for 350 million pounds, of which 70 million will be new primary equity to support Ebury's plans to enter new markets in Latin America and Asia.
- Reuters
Santander chairman buys 3.61 million euros of bank shares as price falls
The chairman of Spain's Banco Santander SA , Ana Botin, has bought one million shares in the bank, according to a regulatory filing published Thursday, a day after the group reported a sharp drop in third-quarter earnings. Taking into account a dividend payment of 0.10 euros per share, the decline over the past two sessions is 7%. One-off costs in Britain and continued pressure on financial margins in Spain offset a solid performance in Brazil, Santander's biggest market.
- Reuters
Santander keeps plans to bolster Argentina consumer finance division
Banco Santander SA is keeping plans to boost its consumer finance unit in Argentina despite the victory in Sunday's presidential election of Alberto Fernandez, a Peronist, the bank`s regional head for South America told journalists on Wednesday. Investors are uncertain how Fernandez will handle the country`s economic challenges. Fernandez, who will succeed market-friendly President Mauricio Macri has not detailed yet the party's plans for Latin America’s No. 3 economy.
- Reuters - UK Focus
EMERGING MARKETS-Chile peso at new low on slow mining data, unrest; other Latam FX drop too
Chile's peso slid 1.5% to 737.53 to the dollar, an all-time low and stocks tumbled 3.1% to a eight-week trough. The country's manufacturing production dropped in September from a year ago amid a decrease in mining production, government data showed. Analysts worry about deteriorating economic activity in Chile - the world's biggest producer of copper as a recent political crisis has seen union workers at BHP's Escondida copper miner go on strike.
- Reuters - UK Focus
LIVE MARKETS-Banks battered on big earnings day
* European shares flat before Fed meeting * Fiat Chrysler and PSA confirm tie-up talks, stocks rally * Bank earnings in focus: DB, CS, StanChart, Santander * Fed seen cutting rates, focus on policy outlook Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net BANKS BATTERED ON BIG EARNINGS DAY (1240 GMT) Is there any hope for banks? If you looked at their performance today when banks of the size of Deutsche Bank, Credit Suisse and Santander have reported their latest updates, you'd probably say no. Europe's banking index is leading sectoral fallers, tumbling 1.7% and set for its worst day in four weeks.
- Reuters
UK worries offset Santander's solid Brazil performance
Santander reported a 75% fall in third-quarter net profit after one-off costs in Britain, while ongoing pressure on financial margins in Spain offset a solid performance in Brazil, its biggest market. The euro zone's biggest lender by market value booked one-off charges of around 1.5 billion euros (£1.3 billion) as a result of a review of the goodwill ascribed to Santander UK, with uncertainty around Brexit. On top of the goodwill impairment, Santander also set aside 103 million euros for payment protection insurance compensation in Britain.
