Banco Santander Share News (BNC)

Start-up British banks seeing better returns than larger rivals, says KPMG

New 'challenger' banks are outperforming the 'Big Five' high street banks, and the larger lenders need to examine better ways of standing out in the market, according to a report by KPMG. The reported said that new banks in the UK are securing stellar returns, as they pick up "the whitespace left be

Banco Santander first quarter profit jumps on Spain's recovery and weak euro

Spanish banking giants Banco Santander said its first-quarter profit rose over 30%, on the back of Spain's economic recovery and the weakening euro. In the three months to 31 March, the group's profit jumped 32% year-on-year to €1.72bn, in line with analysts' expectations. In a statement released o

Bank of England unveils plan for 2015 'stress tests' on UK banks

The Bank of England on Monday outlined fresh plans to assess the UK's banks in the event of another global economic crisis. The new plan will be applied to the largest UK banks and building societies. The BoE said the purpose of the test is to ensure that the UK banking system can withstand a sever

Santander UK to replace Barclays as 'Boris bikes' sponsor

Santander UK could soon replace Barclays as the backer of London's cycle-sharing scheme. According to Sky News, the lender is close to seal a £50m deal to replace its sector peer as sponsor of the British capital's cycle scheme. Santander and Coca Cola have been locked in a race to replace Barclays

Santander UK parent bank plunges 10% on capital hike plans

Banco Santander, Spanish parent company of Santander UK, returned to trade on Friday with a 10% crash after announcing a capital hike. Trading in Santander was suspended on Thursday by the Spanish market regulator CNMV with its shares rising 3.3%. New Banco Santander chairman Ana Botin then announc

Santander UK handed £300m boost to bolster its capital position ahead of 2015 tests

Santander UK has received £300m from its Spanish parent firm, as it aims to bolster its position ahead of a tougher round of Bank of England (BoE) stress tests in 2015. In 2015, the BoE is expected to scrutinise banks on an additional measure of financial strength that could make the regime more pun

Santander beats consensus with highest profits in almost three years

Banco Santander reported third-quarter earnings on Tuesday that beat the consensus forecast after profit reached its highest level in 10 quarters. Attributable profit for the first nine months rose 31.7% to hit €4.36bn. For the third quarter, the Spanish bank earned €1.61bn, beating the consensus fo

Tuesday preview: Imperial Tobacco and Santander set to release results

Imperial Tobacco is set to release its preliminary full-year results, which are expected to reveal a 2.9% drop in the company's earnings per share to 204.6p on the heels of a 5.1% fall in reported revenues to reach £7.45bn. The company is expected to have taken a hit from foreign currency translati

UK bank reforms negative for bondholders, Moody's says

Recent proposed structural reforms released by the UK's Prudential Regulation Authority (PRA) are negative for all large bank bondholders, Moody's warned in a note published on Monday. "The proposed hanges are credit negative for all bondholders of large UK banks because they remove some key obstacl

Santander UK hires RBS executive as managing director

Santander UK has poached Susan Allen from Royal Bank of Scotland (RBS) to become managing director. Allen, who has more than 25 years of experience, led the asset finance, invoice finance and transaction services businesses for corporate clients at RBS. She has held a number of senior management pos

Banco Santander chairman Emilio Botin dies aged 79

The chairman of Spain's largest bank, Banco Santander, has passed away. Emilio Botin, who was 79, died in Madrid on Tuesday evening, a spokesman for the company said. The board will meet to appoint a successor on Wednesday. Coming from a family of bankers hailing from the northern Spanish province

UK watchdog fines Santander 12.4m pounds

British financial regulators have fined the UK arm of Spanish banking group Santander nearly 12.4m pounds over financial advice problems. The Financial Conduct Authority (FCA) said it had fined Santander £12,377,800 after the watchdog found "serious failings in the way it offered financial advice f

DIRECTOR DEALINGS: Banco Santander Executive Buys 14K Shares

Wife of DS Smith CEO sells 5.6m-pound stake

The wife of DS Smith frontman Miles Roberts sold a substantial sum of shares in the packaging and office supplies firm on the same day it was revealed the Chief Executive Officer (CEO) received a big pay increase last year. The move came on Tuesday, the same day DS Smith released its annual report

3i Chief adds 2.5m shares to stake

Simon Borrows, the Chief Executive of 3i Group, the international investor focused on mid-market private equity, this week bought 2.5m 3i shares in three tranches. The three tranches consisted of 550,000 shares purchased at 308.22p, 374,809 at 312.38p, and 1.6m at 305.84p. Altogether the purchases