banco santander sa-spon adr (SAN) Key Developments
Banco Santander, S.A. Plans to Expand Investment Bank
Sep 29 15
Banco Santander, S.A. announced the plans to expand its investment bank by hiring new talent and enhancing its operations in the UK and the US. The firm apparently has plans to expand its operations in the US and UK to bring them on par with its operations in Brazil or Spain.
Banco Santander Plans to Offer Investment Advice Services
Sep 28 15
Banco Santander said to be planning to launch investment advice services soon. The bank is planning to re-enter the investment advice market, a year after it was fined more than GBP12 million for problems related to delivery of services.
Banco Santander Might Not Float UK Unit
Sep 24 15
Banco Santander, S.A. (CATS:SAN) may not list its UK unit. Company’s Executive Director and Head, Steve Pateman told investors in London that the UK arm could remain part of the company. Since the UK unit is the biggest contributor of profit for the Spanish bank, Executive Chairman, Ana Botin and her team have dropped plans to sell the business. Steve Pateman said, “We don't have plans for IPOs in any of our markets and that includes the UK. That has been the case for the past couple of years; it will be the case for the next two to three years. The UK is one of the better performing businesses within Santander and I think it makes sense to hold on to that.”
Banco Santander Provides Earnings Guidance for 2018
Sep 23 15
Banco Santander provided earnings guidance. The bank is looking to increase EPS over the next three years, targeting double-digit EPS growth by 2018. Other targets set for 2018 include enhanced profitability, with a return on tangible equity of approximately 13%.
Banco Santander Mulls Acquisitions
Sep 23 15
Banco Santander, S.A. (CATS:SAN) is seeking acquisitions. Ana Botin, Chairman of Banco Santander, said, “The bank would pursue disciplined mergers and acquisitions, and would not prioritise flotations.”