April 28 (Bloomberg) -- Mauro Guillen, a professor at the Wharton School of the University of Pennsylvania, talks with Bloomberg's Charles Penty about Banco Santander SA's growth strategy, its exposure to subprime mortgages and the performance of Chairman Emilio Botin. Sticking to basic banking has enabled Santander to sidestep financial land mines that have jolted competitors such as Citigroup Inc., the biggest U.S. bank by assets, and UBS AG, Switzerland's largest, that got caught up in the collapse of the U.S. subprime mortgage market. Guillen has co-written a history of the bank. (Source: Bloomberg)

00:00 Bank's subprime exposure; Botin's strategy
01:51 Expansion in Brazil, sees "huge" challenges
03:48 Lending in Spain, U.K. to slow; bad debts
04:48 Bank's "very aggressive" growth strategy
05:39 U.S. writedowns, investment in Sovereign
08:03 Role of Botin family; shareholder returns
11:28 Says Ana Patricia Botin will succeed Emilio

Running time 12:45

Last Updated: April 27, 2008 20:32 EDT