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Stock Market & Financial Investment News

News Breaks
March 13, 2014
08:07 EDTBLX, SAN, MFGBanco Latinoamericano acts as lead arranger of $60M loan to Banco Santander Peru
Banco Latinoamericano (BLX) closed a $60M, 3-year Term Loan Facility in favor of Banco Santander Peru, controlled by Banco Santander (SAN). The facility was structured as a club deal between Bladex, Banco de Credito e Inversiones, and Mizuho Bank (MFG), which together acted as joint lead arrangers.
News For BLX;SAN;MFG From The Last 14 Days
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September 23, 2014
13:22 EDTSANUniCredit, Santander begin exclusive discussions to blend units, WSJ says
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06:20 EDTSANUniCredit, Banco Santander may enter talks to combine units, WSJ reports
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September 18, 2014
11:39 EDTSANFederal Reserve takes enforcement actions against Banco Santander unit
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07:52 EDTSANUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTSANEuropean banks take out EUR83B of loans from central bank, NY Times says
European banks agreed to take out EUR83B in low interest loans from the European Central Bank, as part of a program in which all of the funds must be loaned to businesses or individuals, or repaid to the central bank within two years, according to The New York Times. Several analysts had said that they would be disappointed if banks took out less than EUR100B in loans, but a number of analysts said that a second round of the program, due to occur in December after stress tests have been completed, may be more popular, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
September 16, 2014
06:45 EDTSANBanco Santander acquires Carfinco for EUR210M
Banco Santander has reached an agreement with the auto financing company Carfinco to acquire its Canadian business for C298M, or approximately EUR210M. Santander will pay C11.25 in cash per share, representing a premium to shareholders of 32% above the volume-weighted average price over the last 90 trading days. As part of the agreement, Carfinco will also pay a special dividend to shareholders on the closing date. The amount of the special dividend will be determined closer to the closing date and is subject to necessary approvals. Carfinco’s board of directors has approved the transaction and will recommend that shareholders vote in favor. The transaction remains subject to regulatory approvals.
September 12, 2014
06:25 EDTMFGCiti Diners Club attracts attention of banks in Japan, Bloomberg says
Citigroup's (C)’s Diners Club card is among some of the firm's resources in Japan that is attracting attention from lenders as the company looks for offers for its retail division in the country, according to Bloomberg, citing people with knowledge of the matter. The sources said that Sumitomo Mitsui (SMFG), Mizuho Financial Group (MFG), Mitsubishi UFJ (MTU), Sumitomo Mitsui Trust and Shinsei Bank are some of the banks that are poised to propose preliminary offers. Reference Link
September 10, 2014
11:48 EDTSANBanco Santander confirms appointment of Ana Botin as board chair
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10:21 EDTSANBotin daughter likely to succeed father as chairwoman, Reuters says
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06:03 EDTSANBanco Santander chairman Botin passes away
Banco Santander regrets to announce that its chairman, Emilio Botin, has passed away. In accordance with the procedures set out in article 24 of the board rules, the appointments and remuneration committee and the board of directors will meet today to appoint a new chairman of the bank. Reference Link

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