Stock Market & Financial Investment News

News Breaks June 25, 2012 17:41 EDT SAN Moody's rates Banco Santander one notch higher than the sovereign's rating The ratings of both Banco Santander and Santander Consumer Finance are one notch higher than the sovereign's rating, due to the high degree of geographical diversification of their balance sheet and income sources, and a manageable level of direct exposure to Spanish sovereign debt relative to their Tier 1 capital, including under stress scenarios. All the rest of the affected banks' standalone ratings are now at or below Spain's Baa3 rating. News For SAN From The Last 14 Days Check below for free stories on SAN the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 16, 2013 12:32 EDT SAN EU bank stress test delayed until 2014 by regulator The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link May 14, 2013 09:38 EDT SAN Active equity option families trading on open Subscribe for More Information May 13, 2013 06:49 EDT SAN ECB member says negative deposit rates would help economy, Reuters says Subscribe for More Information May 6, 2013 06:09 EDT SAN Banco Santander in talks to sell stake in asset management unit, FT reports Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.