Banco Santander

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

“ ...as we simplify and automate we will be able to do some more (layoffs)” says CEO Hector Grisi

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.

Santander launches US digital bank to cut cost of auto lending

SPAIN’S Santander launched its digital bank in the US on Monday (Oct 21), which could help fund up to US$30 billion in loans for vehicle purchases and broaden its retail business in the country, the b...

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.

Santander starts a 1.525 billion euro share buyback programme

SPANISH bank Santander launched a 1.525 billion euro (S$2.2 billion) share buyback programme on Tuesday (Aug 27) as part of its shareholder remuneration target of about 50 per cent underlying profit.

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

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

BANCO Santander has cut roughly 320 jobs in the United States as it seeks to focus more on digital operations, according to a source familiar with the matter.

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.

Shareholder returns are at peak for European banks: JPMorgan

EUROPEAN banks’ capital returns to shareholders may have already reached a peak, according to JPMorgan Chase strategists.

A deal is likely to be struck by the end of the year.

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

Britain’s Barclays is in exclusive talks to buy embattled lender Metro Bank’s US$3.74 billion residential mortgages portfolio, Sky News reported on Monday (Nov 27).

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.

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

BANCO Santander is aiming to poach dozens more Credit Suisse Group dealmakers as the firm looks to seize on a rare chance to rapidly expand its talent base, particularly in the US.

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.

Britain fines Santander bank over money laundering failures

BRITAIN on Friday (Dec 9) hit the UK arm of Spanish banking giant Santander with a fine of almost £108 million ($S154 million), after uncovering “serious and persistent gaps” in its anti-money launder...

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

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

KAVAK, Latin America’s biggest startup, signed structured financing agreements with HSBC Holdings, Goldman Sachs Group and Banco Santander worth US$810 million as it looks to expand operations amid a ...

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.

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

THE British arm of Spanish lender Santander said on Tuesday (Jul 19) it would award a 4 per cent pay rise to around 11,000 UK-based employees to help with the rising cost of living, as inflation cripp...