Spanish bank Santander said its second-quarter net profit rose 14% year-on-year, mainly thanks to higher revenue in Europe and the Americas, partially offset by higher forecasts in Brazil and the US . The eurozone’s second-biggest bank by market value posted a net profit of 2.35 billion euros, up from 2.07 billion euros a year ago. […]
Tag: Santander
Santander: Increases wages of more than 11,000 employees by 4%
Santander has become the latest bank to decide to help its staff cope with the cost of living, saying it will give more than 11,000 staff a 4% pay rise. All staff earning less than £35,000 ($42,039), representing 60% of the workforce, will be eligible for a pay rise from August, the company said in […]
The Bank Of Spain Warns That Entities Are Facing A New Increase In Bankruptcies And Requests Aid Only For Viable Companies
The Bank of Spain warns that the balance sheet clean-up process that financial institutions have carried out in recent years has come to a halt as a result of the pandemic. Doubtful or failed loans that banks must prevent with provisions that allow absorbing their impact are once again one of the greatest risks to […]
Banks start the ‘green’ race to decarbonise 12,000 million euros of their balance sheet before 2030
Banks have started the great race towards the decarbonization of their balance sheets to adapt to the objectives of the fight against climate change and reduce their exposure and risk to the sectors and companies that postulate themselves as big losers of the great ‘green’ revolution . In the last two weeks, Santander and BBVA […]
Ana Botín earned 6.81 million as president of Santander in 2020, 31% less than in 2019
The president of Banco Santander, Ana BotÃn, received a total remuneration of 6.81 million euros in 2020, 31.5% below the 9.95 million he earned in the previous year, after having decided to halve his fixed salary and bonus due to the pandemic of the coronavirus, according to the annual report sent to the National Securities […]
Operators launch into finance: MásMóvil will offer loans of up to 60,000 euros
MasMovil breaks into the consumer credit sector, which will reach up to 60,000 euros for its clients through MoneyGo. The operator, which controls the Xfera Consumer Finance company in which Cetelem also participates, enters into new financial services, which will include another service such as debit cards foreseeably before the end of the year . […]
Botín calls in Davos for speed and international cooperation to compete with fintech companies
The president of Banco Santander, Ana BotÃn, considers that digitization represents a “huge opportunity” for the financial sector, although in her speech at the World Economic Forum she underlined the importance of establishing a level playing field to compete with new players for which he has demanded an orderly and rapid solution, including international cooperation, […]
UniCredit finalizes the signing of former UBS president, Andrea Orcel, as new CEO
UniCredit is considering appointing Italian banker Andrea Orcel, former UBS president, as its new CEO, sources close to the negotiations told Reuters. The figure of the executive began to sound strongly for the position thanks to the support of the bank’s international investors and a group of local shareholders headed by Leonardo Del Vecchio. However, […]
The main shareholder of Prisa removes Javier Monzón from the presidency with the support of Telefónica
Amber Capital, Prisa’s largest shareholder, has managed to dismiss Javier Monzón as president of this group that controls media brands such as El PaÃs or Cadena Ser. In this replacement of the greatest figure at the top of the company, Amber has counted with the support of Telefónica, according to sources from these companies consulted. […]
Barcelona’s iconic Tres Chimeneas probing the UN and WHO to be their headquarters in southern Europe
The investment of the EU to go back after the Covid is also longed for to unravel one of the main urban projects in the making in Catalonia: the remodeling of the inoperative power station of the Three Chimneys, between Sant Adrià de Besòs and Badalona, which aspires to host a headquarters of international relevance […]