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SANTANDER PROFIT
Santander lays off 320 US jobs in digital shiftSantander, the euro zone's second-largest bank by market value, laid off about 2.4% of its total workforce of 13,489 at the bank's group op...- European banks flag bad loan risks as global economy faltersThe latest flurry of bank earnings in Europe highlighted broader trends in global banking, where investment banks are under pressure due to...
- Upbeat earnings, Fed comments lift European shares to 7-week highThe Fed hiked the main interest rate by 75 basis points as expected, and reiterated inflation control as priority, but dropped guidance on ...
- European stocks bounce back on earnings supportThe continent-wide STOXX 600 rose 0.6% after plunging nearly 2% on Monday on worries of an economic slowdown in China and rapid U.S. intere...
- UK bank mistakenly hands out $175 million in Christmas Day errorDue to a "technical issue," 75,000 payments by some 2,000 corporate and commercial account holders were made twice to their recipients, the...
- Spanish banks merge in sign of hard economic times aheadThe deal comes as Europe's financial sector braces for lean times. With banks' profitability in recent years already dented by low interest...
- European shares fall as growth worries linger; AMS risesNordea Bank and BBVA also reported lower profits and fell more than 2 percent each.
- European shares edge lower as global growth pain lingersConcern about sluggish global growth were reinforced this week by central banks in the euro zone and United States.
- Arundhati Bhattacharya, Chanda Kochhar, Shikha Sharma among most powerful women outside US in Fortune listArundhati Bhattacharya, 60 is ranked second on the list, while Kochhar comes in on the fifth spot and Sharma on the 19th position.
- Warburg Pincus-General Atlantic in lead to buy Sharekhan outbidding BNP ParibasAfter five months of negotiations and competitive bidding, the Warburg-General Atlantic combine is said to have outmanoeuvred several globa...
- Goldman bullish on banks, bond buyers scepticalAnalysts say investors risk ignoring a jump in funding costs that will erode profit.
- Spain's Santander Q1 profits up 5.7 per centSpain's Banco Santander says its first-quarter net profit rose 5.7 per cent thanks to strong revenue growth despite the recession.
- US IPO market flexes muscle raising $10 bn in 1 dayThere is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the cr...
- ABN Amro reports loss of 886 million euros in first quarterPartially nationalised Dutch bank ABN Amro said Monday it had sustained a loss of 886 million euros (1.2 billion dollars) in the first quar...
- HSBC refuses comment on report of $1.5 bn Madoff exposureGlobal banking giant HSBC declined to comment on a report it had a potential exposure of $1.5 bn to an alleged fraud scam by NY trader Bern...
- Banco Santander to raise 7.19 bn euro through rights issueSpain's banking major Banco Santander SA on Monday said it will raise 7.19 billion euro through issue of shares on rights basis.
- Banco Santander to invest $1.2 bn in Brazil unitSpain's Banco Santander will invest $1.2 billion over the next two years in its Brazilian operations and open 400 new branches, bank presid...
- Low-risk strategy leaves Santander immune from global crisisWith a shrewd and low-risk expansion policy, Spain's largest bank Santander has escaped the global financial crisis and still remains on th...
- Fortis takes $ 2.3 billion subprime hitDutch-Belgian financial group Fortis said on Friday 2007 net profit fell 8.2 per cent after it took a 1.5 billion euros (2.3 billion dollar...
- Fortis plans 13.4 bn euro rights issue to fund ABN buyFortis to sell e13.4 billion ($18.8 billion) of stock to existing shareholders to fund the ABN Amro acquisition.
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