Net profit was 2,93 billion euros. New objectives announced for 2024. Standard Ethics raises sustainability ratings
Ubs and Banco Santander did very well, recording a growing profit in the first three months of 2022 – While HSBC discounts the signs of the war in Ukraine and Covid in China
The Spanish banking giant's profits were mainly affected by restructuring costs in Spain and the United Kingdom, but the consensus of analysts was still exceeded by more than 100 million euros
Banco Santander refuses to grant a 50 million dollar bonus to the Italian banker Andrea Orcel and renounces to appoint him CEO and so he, who had left UBS, prepares a tough legal war: who will win?
1.270 jobs are at risk - Santander explained that it took this decision due to the 23% drop in transactions recorded at branches over the past three years - In the same period, digital transactions…
Business customers of Banco BPM and BPM Spa will be able to promote their business in the virtual showcase and receive messages aimed at stimulating B2B contacts with other members of the Community, both within national borders and internationally.
The profits of the Spanish bank amounted to 1,46 billion euros, compared to 1,70 billion in the third quarter of last year - The first European bank, on the other hand, does better than expected, almost tripling its profit from 256…
There is only one Italian in the Fortune ranking of the most powerful women in the world outside the United States. Since the first inclusion in the ranking, in 2010, she has always been confirmed in the top 15 positions.
The rapid solution of the Banco Popular case with the takeover by Santander positively changes the horizons in the banking sector and it is not surprising the retracement of the last month and the increase in estimates - Unicredit can be making big…
Banco Popular's lightning bailout averted a systemic crisis in the European banking sector and Milan welcomes it. Madrid yields, Paris positive. Oil returns to decline, debt securities under pressure due to political uncertainty. They earn titles…
The flash bailout comes after the alarm from the ECB, according to which Banco Popular was now "on the verge of bankruptcy" - The value of the shares and some bonds of the Spanish Bank will be reset to zero - To cope with the adjustments and losses,…
The Spanish Bank closed the first quarter with a net profit of 1,86 billion euros, up 14,3% on year - The Swiss giant also announced a capital increase of 4 billion francs and…
The cut should mainly concern agencies with one to three employees and could lead to the elimination of around 3 jobs overall
The first European bank by capitalization recorded a 4,7% increase in profits in the single quarter to 1,68 billion euros, in line with analysts' expectations.
The Bank saw its domestic business profits grow by 42% to €357m, but also benefited from the good performance of its other two main markets, Great Britain and Brazil
Preliminary agreement reached to integrate Pioneer Investments (Unicredit) and Santander Asset Management in order to set up a global asset management hub with 400 billion euro of assets under management: the new company will be called Pioneer Investments.
A joint company will be created between Pioneer and Santander asset management, which will have assets under management of approximately 350 billion euros.
The Santander-Unicredit deal for the integration of the respective asset management companies (Pioneer and Santander Asset Management) is said to be finalised: the CEO of Unicredit said on the sidelines of The European House Ambrosetti workshop in Cernobbio.
On the Madrid Stock Exchange Banco Santander loses 10% after the 7,5 billion capital increase, which however - according to Madrid's denials - will not help to acquire the Italian Mps (-4% in Piazza Affari).
According to what was communicated by the Spanish bank, the operation will mainly serve the dividend policy: no mention of a possible acquisition of Mps.
Unicredit starts talks with the Spanish of Santander Asset Management to build a pole with Pioneer in asset management - If the operation goes through, an asset management pole will be created which will rank among the top 15 in Europe with…
Ana Patricia Botin takes the place of her father at the presidency of the Spanish banking giant Banco Santander - The decision was taken during a board meeting urgently convened by the institute.
Emilio Botin, president of Banco Santander, the most important Spanish credit institution, has passed away - A leading figure in world finance, he has the merit of having internationalized the bank founded by his father, even with controversial operations (Antonveneta) -…
The president of Banco Santander, who will turn 80 on October XNUMX, has not survived a heart attack - The board of directors will meet today to appoint a new president.
The loan will have a duration of 12 years and an interest rate in line with the market benchmark - The loan is related to investments in wind farms in Mexico owned by subsidiaries of Enel Green Power.
In the third quarter, the Spanish bank recorded profits nine times higher than in the same period of 2012, at 1,055 billion - Credit Suisse profits up 79% year on year, to 454 million francs -…
Spain's largest bank reports net earnings up to 1,05 billion euros in second quarter 2013, slightly below analysts' forecasts - In the first six months of this year profits reach 2,5 billion, up…
After Botin's deposition, the investigation into Antonveneta could be closed before the summer break, in mid-July. Already a few months ago, in January, the Sienese prosecutors had summoned Botin, who however had refused.
Half of Banco Santander Asset Management (a company with 198 billion dollars in assets under management) was taken over by the Americans Warburg Pincus and General Atlantic - The operation is not so new for Santander - Two years ago…
Alfredo Saenz, who had occupied the post of CEO since 2002, was sentenced in 2011 to three months in prison with the interdiction of the position for an affair dating back to 1994 but was then pardoned by the Spanish government
Banco Santander's first quarter of 2013 closed with a 26% drop in net profit, due to the deceleration of the main economies - Chairman Emilio Botin: "2013 profit will be higher than last year's result".
The investigation by the Capitoline magistrates adds to that already underway by the Siena prosecutor's office - Ettore Gotti Tedeschi, former president of the IOR and manager of Santander at the time of the Antonveneta acquisition, was questioned.
The leading Spanish banking group explains that the decline in profitability in 2012 was caused by provisions of 18,8 billion for potential losses on the Iberian real estate mortgage sector.
After the green light for the capital increase to guarantee the Monti bonds by Bank of Italy, Monte Paschi seems to have overcome the most acute phase of the crisis - But the phase remains very delicate, also on a political level and on…
The Spanish bank is suspended from trading in Milan and Madrid after the board this morning said it will consider the merger by incorporation of its subsidiary Banesto, of which it already owns 90%.
The Institute announced that it had carried out 90% of the write-downs on the real estate portfolio established by the government - Between January and September Santander started 14,54 billion in provisions - Net revenues amounted to 23 billion, in line…
The Spanish banking giant, the largest bank in the eurozone by capitalisation, all but wiped out its second-quarter net profit following large provisions required by regulators.
Provisions of 3,2 billion (+51%) for non-performing loans and insolvencies in the real estate sector weighed on the Spanish giant's accounts - Profit fell to 1,6 billion - The 2012 dividend will be stable at 0,6 euros.
The three main Spanish credit institutions will have to find liquidity to flesh out their assets, as required by the legislation imposed by the Government - In reality, the requirement would be more than double, but a part has already been set aside…
However, the Spanish giant has maintained its ability to generate profits, with a net operating result of 24,373 billion euros (+2,2%) and has already reached the Core capital ratio of 9% required by the EBA.
The first bank in the euro area has raised six months in advance the 15,3 billion euros that the EBA had estimated necessary to recapitalize the institution - The goal is to bring the core capital ratio to 10% by June.
Green light from the European Commission to the operation, which "does not pose problems in terms of competition" - The purpose of the Royal Bank of Scotland is to obtain approval from Brussels for its restructuring plan.
The financial stability board presented the list of global credit institutions that will have to adjust their capital requirements at the G20 in Cannes. Unicredit is the only Italian one. Among others Bnp Paribas, Barclays, Santander, Dexia and Goldman Sachs.