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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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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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