Barclays, HSBC Said Among Banks on Santander Stock Sale
- Credit Suisse and Deutsche Bank are among banks selected
- BBVA, CaixaBank also have roles as bookrunners on share sale
Pedestrians pass a Banco Santander SA bank branch in Madrid, Spain, on Wednesday, Jan 25, 2017. Santander said fourth-quarter profit rose to 1.6 billion euros ($1.72 billion) on lower provisions for bad loans and higher income from fees and from its business in Brazil.
Photographer: Angel Navarrete/BloombergBanco Santander SA is lining up a raft of banks, including Credit Suisse Group AG and Deutsche Bank AG, to underwrite its planned 7 billion euro ($7.8 billion) capital increase, people with knowledge of the matter said.
Spain’s largest lender has also picked Barclays Plc, Banco Bilbao Vizcaya Argentaria SA, HSBC Holdings Plc and CaixaBank SA, to participate, the people said, asking not to be named as the details aren’t public. While no final decisions have been made, the bank plans to tap shareholders by July, they said.