The Business Times

Banco Santander

Banking & Finance

Santander CEO says more than 1,400 UK bank jobs being cut

Santander has over US$45 billion in retail deposits at its 409-strong US branch network, mainly in nine states in the northeast, and over US$60 billion for auto-related loans.
Banking & Finance

Santander launches US digital bank to cut cost of auto lending

Santander, the eurozone’s second-biggest lender by market value, said that execution of the buyback started on Tuesday and could last until Jan 3.
Banking & Finance

Santander starts a 1.525 billion euro share buyback programme

The job cuts come even as Santander expands its investment bank in the US, with some 200 hires over the past year or so.
Companies & Markets

Santander cuts some 300 jobs in US branches in shift to digital

Lenders have benefited from the European Central Bank’s historic monetary-tightening campaign, but its expected conclusion has sparked warnings that increases in lending revenue will be capped, curbing earnings growth for banks in the region.
Banking & Finance

Shareholder returns are at peak for European banks: JPMorgan

(FILES) A couple kiss whilst sitting at a bus stop outside a branch of British bank Barclays, in central London, February 14, 2023. British bank Barclays on October 24, 2023 unveiled a 16-percent drop in net profit for the third quarter on souring loans and rising costs, and flagged more cutbacks ahead. Profit after tax slid to £1.3 billion ($1.73 billion) in the June-September period, down from £1.5 billion in the third quarter last year, Barclays said in a statement. (Photo by Justin TALLIS / AFP)
Companies & Markets

Barclays in talks to buy Metro Bank's mortgage book worth US$3.74 billion

Banco Santander is in talks with Credit Suisse merger advisers and capital markets bankers beyond the eight managing directors it’s already hired, according to people familiar with the matter.
Companies & Markets

Santander targets dozens more Credit Suisse hires in M&A push

Santander did not dispute the findings, and therefore qualified for a 30-per cent discount on the fine, which would otherwise have totalled nearly £154 million.
Companies & Markets

Britain fines Santander bank over money laundering failures

Moises Flores, CFO of Kavak, says: “We can ensure infinite runway, if we wanted to, we’ll just have to pace the growth.”
Banking & Finance

HSBC, Goldman, Santander ink US$810m in financing for Kavak

All employees earning under £35,000 (S$58,567) will be eligible for the rise, which covers 60 per cent of the bank's UK workforce, Santander said.
Banking & Finance

Santander UK, Virgin Money join firms helping staff with cost of living crisis

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