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Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:54 EDTSANSantander deems U.S. unit capital levels sufficient, Reuters says
Banco Santander CEO Javier Marin said that the company's U.S. unit does not need additional capital after stress tests done by the Federal Reserve, according to Reuters, citing Marin. Marin said that its U.S. arm Sovereign would have to adjust and improve some parts of its capital plan to resubmit to the Federal Reserve, but the changes would be qualitative instead of quantitative. 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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