SAN.MC - Banco Santander, S.A.
| Previous close | 5.505 |
| Open | 5.475 |
| Bid | 5.500 x 103900 |
| Ask | 5.510 x 5360800 |
| Day's range | 5.464 - 5.509 |
| 52-week range | 5.105 - 6.246 |
| Volume | 202,009,842 |
| Avg. volume | 83,215,679 |
| Market cap | 88.856B |
| Beta | 1.58 |
| PE ratio (TTM) | 13.67 |
| EPS (TTM) | 0.403 |
| Earnings date | 24 Apr 2018 |
| Forward dividend & yield | 0.24 (4.47%) |
| Ex-dividend date | 2018-04-27 |
| 1y target est | 6.29 |
- Reuters•17 hours ago
Polish regulator OKs Santander unit rebranding
Polish regulator KNF said on Friday it had accepted Bank Zachodni WBK's (BZW.WA) plan to rebrand to Santander Bank Polska, despite previous criticism of the move. In 2014, Santander (SAN.MC) unit BZ WBK's Chief Executive Mateusz Morawiecki, now Poland's Prime Minister, was forced to abandon rebranding after criticism from KNF. Since then, KNF management has been replaced.
- Motley Fool•4 days ago
This Foreign Bank Is Quickly Becoming a Blockchain Pioneer
This money center giant launched an international money-transfer service with Ripple last week.
- Reuters - UK Focus•5 days ago
Barclays targets technology with venture capital-style business
Barclays (LSE: BARC.L - news) said it has set up a venture capital-style unit to drive innovation and returns within its UK business. The British bank has struggled to deliver on its growth strategy after a decade of restructuring, with investment banking at the core of Chief Executive Jes Staley's plan for higher returns, despite an underwhelming performance. Barclays UK Ventures, which will be led by former head of group strategy Ben Davey, will focus on developing new business lines, promoting innovation and driving returns.
Sky News•7 days agoTop Santander UK exec on brink amid row over training course
One of the top executives at Santander UK (LSE: 44RS.L - news) is on the brink of leaving Britain's fifth-biggest bank amid a row which has left colleagues complaining that he is a victim of "double standards" in its boardroom. Sky News has learnt that Mike Ellwood, the managing director for corporate banking, is this weekend negotiating the terms of his exit from the Spanish-owned lender. Mr Ellwood, who has worked for Santander since 2009, when he joined from Royal Bank of Scotland (LSE: RBS.L - news) (RBS), is said to have asked his secretary to complete a compulsory training module on his behalf.
- Sky News•7 days ago
Santander exec on brink over training row
One of the top executives at Santander UK (LSE: 44RS.L - news) is on the brink of leaving Britain's fifth-biggest bank amid a row which has left colleagues complaining that he is a victim of "double standards" in its boardroom. Sky News has learnt that Mike Ellwood, the managing director for corporate banking, is this weekend negotiating the terms of his exit from the Spanish-owned lender. Mr Ellwood, who has worked for Santander since 2009, when he joined from Royal Bank of Scotland (LSE: RBS.L - news) (RBS), is said to have asked his secretary to complete a compulsory training module on his behalf.
- Bitcoin Magazine•8 days ago
Santander Launches International Payment Service Built On Ripple’s xCurrent
Banco Santander is launching a new international payments service, dubbed “OnePay FX,” based on blockchain technology. The service is available to retail customers in Spain, U.K., Brazil and Poland, and will be rolled out across more countries in the coming months. The OnePay FX app is available from the App Store for iOS devices.Banco Santander is one of the world’s largest banks with 133 million customers, 13,700 branches and 200,000 employees. With the launch of OnePay FX, Santander will become the first bank to offer a blockchain-based international payments service to retail customers in multiple countries simultaneously. The bank intends to make OnePay FX significantly faster than existing international payment services and to introduce instant international payments in other countries, besides the four countries supported at this moment, before the summer.“Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer,” said Ana Botín, Executive Chairman of Banco Santander. “Our goal is to help the thousands of people who use international payments services every day, and we will be adding more currencies and destinations in the coming months.”Botín told the Financial Times that she was particularly keen to encourage the project — which took two years to develop — after seeing her son using a rival service to rapidly transfer money into Spain, adding that the Santander group aims to eventually make OnePay FX available as a standalone app that could be used by customers at other banks.OnePay FX is built on xCurrent, Ripple’s enterprise software solution for cross-border interbank payments with end-to-end tracking. The xCurrent platform allows banks to message each other in real-time to confirm payment details before initiating a transaction, and to confirm delivery once it settles.With xCurrent, Ripple wants to offer a flexible, real-time, cross-currency settlement solution that enables banks to differentiate themselves by offering new cross-border payments services while lowering their total cost of settlement. “The solution is specifically designed to meet the needs of banks by fitting within their existing risk, compliance and information security frameworks,” notes a Ripple solution outline. “Ripple’s software is installed within the bank’s infrastructure and is built to interface with the bank’s systems.”“Ripple’s products, including xCurrent, help financial institutions across the globe enhance their customer experience by making the global movement of money more fluid,” said senior Ripple VP Marcus Treacher. “With OnePay FX, Santander customers in can now send payments across borders in a fast and simple way.”xCurrent, is built around an open, neutral protocol, Interledger Protocol (ILP), which enables interoperation between different ledgers and networks. According to Ripple, xCurrent offers a cryptographically secure, end-to-end payment flow with transaction immutability and information redundancy. “OnePay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander,” continued Botín. “From today, customers in the U.K. can use OnePay to transfer money across Europe and to the U.S. In Spain, customers can transfer to the U.K. and U.S., while customers in Brazil and Poland can transfer to the U.K.”In a 2015 paper titled “The Fintech 2.0 Paper: Rebooting financial services,” Santander Innoventures, the $200 million fintech venture capital fund of Santander Group, issued “a call to action to banks, financial institutions and financial technology (fintech) businesses to work together to undertake a fundamental ‘reboot’ of the core processes, systems and infrastructure of the banking industry.”Santander Innoventures is an investor in Ripple. “Santander has long been an advocate for modernizing banking infrastructure,” said Mariano Belinky, managing partner of Santander InnoVentures, commenting on the announcement of the fund’s investment in Ripple. “We believe Ripple possesses the talent, technology and momentum to address many of these scenarios.” In a 2016 pilot project, Santander U.K. tested Ripple’s blockchain technology for international payments. The iOS app used in the pilot project worked in connection with Apple Pay.“Blockchain technology offers tremendous opportunities to improve the services we offer our customers, and the launch of Santander OnePay FX is the first of many potential applications,” concluded Botín. According to Ripple, frictions in global payments will be eliminated as more financial institutions like Santander adopt and build upon Ripple solutions. This article originally appeared on Bitcoin Magazine.
- Reuters•9 days ago
Top bankers warn London's status as a global finance centre at risk from Brexit
Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance centre as companies prepare to shift jobs out of London to preserve access to Europe's single market. Goldman Sachs (GS.N) Chief Executive Lloyd Blankfein said that while the U.S. bank will keep its new $1.4 billion new European headquarters in London, it might have chosen another location if it had known Brexit was coming. The future of London as Europe's financial centre is one of the biggest issues in Brexit talks because it is Britain's largest export sector and biggest source of tax.
- Reuters - UK Focus•9 days ago
Top bankers warn London's status as a global finance centre at risk from Brexit
Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance centre as companies prepare to shift jobs out of London to preserve access to Europe's single market. Goldman Sachs Chief Executive Lloyd Blankfein said that while the U.S. bank will keep its new $1.4 billion new European headquarters in London, it might have chosen another location if it had known Brexit was coming. The future of London as Europe's financial centre is one of the biggest issues in Brexit talks because it is Britain's largest export sector and biggest source of tax.
- Reuters•9 days ago
Growth in London's finance centre to stall because of Brexit, says Santander boss
The chairwoman of Spain's biggest bank Banco Santander (SAN.MC) Ana Botin warned on Thursday that growth in London's financial centre was set to stall due to the turmoil triggered by Brexit. "I don't think so many companies or people are going to leave the UK, it is the people that are not coming that we should worry about because the UK was on a huge upward trend and that is not as strong now," Botin told the audience at an event organised by the Wall Street Journal in London.
- Reuters - UK Focus•9 days ago
Growth in London's finance centre to stall because of Brexit, says Santander boss
The chairwoman of Spain's biggest bank Banco Santander Ana Botin warned on Thursday that growth in London's financial centre was set to stall due to the turmoil triggered by Brexit. "I don't think so many companies or people are going to leave the UK, it is the people that are not coming that we should worry about because the UK was on a huge upward trend and that is not as strong now," Botin told the audience at an event organised by the Wall Street Journal in London.
Reuters•9 days agoUK lenders expect rebound in demand for mortgage lending in coming months - BoE
British lenders expect to see demand for mortgage lending rebound over the next few months after a sharp drop in the first quarter of 2018, a Bank of England survey showed on Thursday. The Bank, which has been urging banks to avoid risks in their lending to households, also reported the sharpest drop in the availability of unsecured lending to consumers during the first quarter since records began in 2007. A closely-watched gauge of British house prices held at a five-year low last month, reflecting soft consumer demand at a time when the Bank of England looks set to raise interest rates, property valuers said earlier on Thursday.
- Bloomberg•12 days ago
Santander Tries to Decrease Loan Exposure to Rome-Based Builder
Banco Santander SA is seeking to reduce loan exposure to Rome-based builder Astaldi SpA, according to people familiar with the matter.
- Reuters - UK Focus•16 days ago
Trade war relief rally lifts European stocks
European stocks jumped on Thursday as investors bought back into risky assets in a global relief rally as concerns over trade war ebbed. The STOXX 600 rose 1.5 percent to a two-week high in early deals, ...
- Reuters•24 days ago
BoE to update guidance on banks' preparations for Brexit on Wednesday
The Bank of England said it will publish later on Wednesday updated guidance on how banks and other financial services firms should prepare for Brexit, following a 21-month transition deal struck by Britain and other European Union countries this month. The BoE said it would publish an update on its regulatory approach to preparations for Britain's departure from the EU at 1 p.m. (1200 GMT). More than 100 banks operating in London are branches of lenders based elsewhere in the EU and they will have to submit licence applications to continue working in Britain after Brexit.
- Reuters - UK Focus•24 days ago
BoE to update guidance on banks' preparations for Brexit on Weds
The Bank of England said it will publish later on Wednesday updated guidance on how banks and other financial services firms should prepare for Brexit, following a 21-month transition deal struck by Britain ...
- Reuters•25 days ago
Bank of England considered bank capital buffer hike but waiting to watch risks
(Adds details from FPC statement, background) By William Schomberg and Andrew MacAskill LONDON, March 27 (Reuters) - The Bank of England said it considered this month increasing the amount of money banks ...
- FX Empire•27 days ago
Crypto Weekly Update: Downtrend in Cryptocurrencies Resumes, Ethereum Remains Bearish
Cryptocurrencies have struggled the past couple of days as a short-term downturn has picked up momentum after stability in the crypto marketplace earlier this week.
Reuters•29 days agoSantander ups dividend but is heckled over Popular acquisition
Spain's Banco Santander (SAN.MC) told shareholders on Friday they would receive increased dividends this year, but executives at the annual general meeting were heckled by former investors in a lender it took over last year. Chairwoman Ana Botin said the bank would pay a dividend of 0.23 euros ($0.28) per share against 2018 earnings, a 4.5 percent rise from 2017. It will move to full cash payments in 2019.
Bloomberg•last monthMore Male Hosts at Santander Meeting Show Spain's Culture Change
When Santander shareholders descend on the bank’s home town for its annual general meeting, the red-liveried staff showing them to their seats will be both men and women.
Reuters•last monthPoland's PKO aims to meet 2018 net profit expectations - CEO
Poland's biggest lender, state-run PKO BP, expects to meet analysts' expectations for 2018 net profit, despite flat interest rates, its CEO said on Monday. According to Thomson Reuters Eikon, analysts expect PKO BP to improve its 2018 net profit by almost 11 percent to 3.44 billion zlotys (£0.8 billion), despite signals from the central bank that interest rates may not rise until 2019 or even 2020. "PKO is doing well in a stable interest rates environment," Chief Executive Officer Zbigniew Jagiello told Reuters in an interview on the sidelines of a PKO-organised meeting in London for central and eastern European companies with investors from Britain, continental Europe and Scandinavia.
- Reuters•last month
BoE says action needed to avert financial contract disruption after Brexit
The risk of disrupted insurance and derivatives contracts for customers is "material" unless Britain and the European Union take joint action ahead of Brexit, the Bank of England said on Friday. Britain has made progress towards mitigating risks of disruption to financial services after it leaves the bloc next March, the BoE's Financial Policy Committee (FPC) said in a statement about its March 12 meeting. "Nonetheless, material risks remain, particularly in areas where actions would be needed by both the UK and EU authorities," the FPC said.
- Reuters - UK Focus•last month
BoE says action needed to avert financial contract disruption after Brexit
The risk of disrupted insurance and derivatives contracts for customers is "material" unless Britain and the European Union take joint action ahead of Brexit, the Bank of England said on Friday. Britain has made progress towards mitigating risks of disruption to financial services after it leaves the bloc next March, the BoE (Shenzhen: 000725.SZ - news) 's Financial Policy Committee (FPC) said in a statement on Friday on its March 12 meeting.
Reuters•last monthBank of England says UK's reliance on 'kindness of strangers' for finance is rising
Britain's reliance on the "kindness of strangers" to finance its large current account deficit appears to be increasing, the Bank of England said on Friday. The central bank's Financial Policy Committee (FPC) also said it saw signs that risk appetite in Britain's mortgage market was rising as more loans are granted close to the BoE's loan-to-income ratio ceiling of 4.5.
- Reuters - UK Focus•last month
Growth and regulatory changes come at a cost for OneSavings Bank
The comments overshadowed a 21 percent rise in annual profit to 167.7 million pounds ($234.5 million) in 2017 for one of the banks aiming to challenge Britain's five dominant lenders. OneSavings, which is heavily involved in property transactions, has focused on bigger, professional landlords, while the broader market lost its sheen for amateur landlords due to tax and regulatory changes.
Investing.com•5 days agoSantander's Launch of Ripple-Based Money Transfer Service A Boost For Blockchain
Investing.com - Amid the uncertainty of the cryptocurrency slump, comes the certainty of blockchain technology.The launch of Banco Santander (MC:SAN)'s Ripple-based international money transfer payment service shows both the commercial viability and transformational power of blockchain distributed ledger technology.The service, called Santander One Pay FX, facilitates same-day currency exchange for retail customers in four countries --Spain, the UK, Brazil and Poland. The simultaneous, multiple country launch is the first of its kind. The smartphone app service will be expanded to other countries in the coming months. A payment app developed by Ripple and a consortium of Japanese banks is scheduled to launch in the fall.Ripple is also partnering with a number of other financial firms, including American Express (NYSE:AXP) and UBS.
