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Stock Market & Financial Investment News

News Breaks
January 31, 2013
06:34 EDTSANSantander looks to float U.S. consumer finance unit in Q2 or Q3, Reuters says
Santander (SAN) CEO Alfredo Saenz says the bank is looking to float its U.S. consumer finance business in Q2 or Q3, but has not yet set a specific timetable for the planned listing, Reuters reports. Saenz also commented to analysts that the bank has ruled out a capital hike. Reference Link
News For SAN From The Last 14 Days
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November 18, 2014
06:34 EDTSANDraghi sees positive signs in euro zone, NY Times reports
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November 10, 2014
06:46 EDTSANRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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