Botin Faces Doubts Over Santander's Capital Amid Profit Squeeze
- Capital ratio remains the lowest among European peers
- Bank's stock is the third-worst performer of the benchmark
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In the year since she became chairman, Banco Santander SA’s Ana Botin has cut the dividend, tapped shareholders for funds and replaced management in the U.S., Brazil and the bank’s home market of Spain.
And still the stock price has foundered. Ahead of a two-day meeting with Botin and her team this week, some of Santander’s biggest investors say they’re concerned that profit pressures in key markets mean Spain’s largest bank will struggle to build capital ratios to match peers and meet regulators’ escalating demands.