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Britain is and will remain a core market for Santander , its executive chair Ana Botin said at the World Economic Forum annual meeting in Davos on Tuesday.
Ana Botín, executive chair of Banco Santander and chair of the World Economic Forum International Business Council, discusses the European business landscape.
Santander is mulling quitting the UK due to lower returns than other countries, a source told the Financial Times The lender's Spanish parent company is considering a number of options, they said, due to "frustrations" with the UK in recent years. Santander UK suffers from various problems, the former executive said, including a "persistently high cost base, the UK's ring-fencing regime, its independent board, and the fact that it did not benefit from rising interest rates in recent years as much as its other markets like Spain".
Santander is reportedly rethinking its U.K. presence 20 years after entering the British banking market. The Spanish lender is weighing a number of options, including exiting the U.K. entirely, the Financial Times (FT) reported Sunday (Jan. 19), citing sources familiar with the matter.
Banco Santander is reconsidering its presence in Britain two decades after its acquisition of Abbey National made it a major player on UK high streets, the Financial Times newspaper reported on Saturday, citing people familiar with the matter.
Banco Santander's Mexican arm has reached an agreement, alongside other shareholders, to sell its stake in TransUnion Mexico, it said on Thursday.
MADRID--(BUSINESS WIRE)--Banco Santander, S.A. (“Santander”) announced today the results, as of 5:00 p.m. (New York City time) on January 14, 2025 (the “Expiration Time”), of its previously announced offers to purchase for cash (the “Offers”) its outstanding 3.496% Senior Preferred Fixed Rate Notes due 2025, 2.746% Senior Non Preferred Fixed Rate Notes due 2025, 5.147% Senior Non Preferred Fixed Rate Notes due 2025 and 1.849% Senior Non Preferred Fixed Rate Notes due 2026 (collectively, the “No.
MADRID--(BUSINESS WIRE)--Banco Santander, S.A. (“Santander”) announced today the pricing terms of its previously announced offers to purchase for cash (the “Offers”) its outstanding 3.496% Senior Preferred Fixed Rate Notes due 2025, 2.746% Senior Non Preferred Fixed Rate Notes due 2025, 5.147% Senior Non Preferred Fixed Rate Notes due 2025 and 1.849% Senior Non Preferred Fixed Rate Notes due 2026 (collectively, the “Notes”), upon the terms and subject to the conditions set forth in the offer to.
MADRID--(BUSINESS WIRE)--Banco Santander, S.A. (“Santander”) announced today the launch of four concurrent and separate offers to purchase for cash (the “Offers”) its outstanding 3.496% Senior Preferred Fixed Rate Notes due 2025, 2.746% Senior Non Preferred Fixed Rate Notes due 2025, 5.147% Senior Non Preferred Fixed Rate Notes due 2025 and 1.849% Senior Non Preferred Fixed Rate Notes due 2026 (collectively, the “Notes”), upon the terms and subject to the conditions set forth in the offer to pu.
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