Economics

Santander’s Botin Warns of Impact for Lenders From ECB’s Policy

Ana Botin, chairman of Banco Santander, in London in May 2019
Photographer: Mary Turner/Bloomberg

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By Charlie Devereux and Sonia Sirletti

October 2, 2019 at 4:57 PM UTC

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Banco Santander SA Chairman Ana Botin warned of potential unintended consequences of the European Central Bank’s monetary policy, saying an extended period of negative interest rates was the “biggest disruptor” for lenders.