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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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May 14, 2015
06:57 EDTSANSources: HSBC could pick preferred bidder for Brazil unti by June, Reuters says
HSBC (HSBC) is set to receive binding offers for its Brazilian unit as early as June, at which time it may select a preferred bidder for the struggling unit, Reuters reports, citing three sources. Bids for the unit may not surpass book value, which is estimated at about $3.34B right now, the sources say, adding that Banco Bradesco (BBD), Banco Santander Brasil (SAN) and Grupo BTG Pactual had access to the unit's preliminary documents. Reference Link

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