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Stock Market & Financial Investment News

News Breaks
February 12, 2013
10:52 EDTSANSantander CEO's pardon granted partial annullment, WSJ reports
A government pardon granted to Santander CEO Alfredo Saenz that spared him a three-month suspension from banking has been partially annulled by the Spanish Supreme Court, reports the Wall Street Journal. The court decision held that the government wasn't competent to block the CEO's suspension from banking. Reference Link
News For SAN From The Last 14 Days
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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 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
September 5, 2014
07:18 EDTSANRegulators drafting flexible 'bail in' bond deal for large banks, Reuters says
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September 4, 2014
11:05 EDTSANOptions with increasing implied volatility
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