BANCO SANTANDER SA-SPON ADR (SAN) Stock News
NYSE:SAN - New York Stock Exchange, Inc. - US05964H1059 - ADR - Currency: USD
SAN Latest News, Press Relases and Analysis
Santander agrees to acquire TSB from Sabadell
The combined entity will have a loan-to-deposit ratio of 107%, compared to Santander UK’s current 108%.
Santander doubles down on UK presence amid Spain's banking M&A turmoil
Santander is bolstering its British foothold with the proposed acquisition of TSB, despite the recent underperformance of its own U.K. branch.
Are India's Capital Markets Making a Comeback?
Shares of HDB Financial Services, India biggest IPO of the year, rallied in their trading debut in Mumbai. Could big-ticket IPOs and momentum in block trades signal a comeback for India’s capital markets? (Source: Bloomberg)
Santander CFO Says TSB Brand Has a 'Lot of Value'
Santander CFO Jose Garcia Cantera discusses the lender's decision to agree to buy Sabadell's UK unit TSB. Speaking on Bloomberg Television, Cantera says "most" of the savings from buying TSB will come from projects that TSB is currently running "that we will not need to do when the two banks merge," and "not all" of the targeted savings will come from job cuts or branch closures. He also talks about how the purchase of TSB will help Santander "stabilize" its risk profile and earnings volatility stemming from its exposure to emerging markets. (Source: Bloomberg)
Santander Agrees to Buy Sabadell’s UK Unit TSB
Banco Santander SA agreed to buy Banco Sabadell SA’s UK unit for £2.65 billion ($3.64 billion) in an all-cash transaction. The enlarged firm would be the third-largest UK bank by personal current account balances and the fourth-largest by mortgage value, Santander said. Bloomberg's Manuel Baigorri reports. (Source: Bloomberg)
Santander Holdings USA, Inc. Announces 2025 Stress Capital Buffer
Santander to buy TSB for £2.65bn amid fears of branch closures and job losses
Purchase would be third major ownership shake-up for high street lender in 12 years
Santander Agrees to Buy Sabadell’s UK Unit TSB for £2.7 Billion
Banco Sabadell SA has agreed to sell its UK unit to Banco Santander SA for £2.65 billion ($3.63 billion), according to people familiar with the matter.
BBVA to proceed with Sabadell bid despite government condition
MADRID (Reuters) -Spain's BBVA said on Monday it would move ahead with its hostile takeover bid for Sabadell despite the government effectively blocking it from fully merging with its smaller rival for at least three years. In a further twist to a deal's process that began in April 2024, BBVA's arch-rival Santander has put in a binding offer for Sabadell's British unit, TSB, sources told Reuters on Monday. Other media outlets said that British lender Barclays had also submitted a bid for TSB, according to La Vanguardia.
Mentions: BBVA
Santander and Barclays in final race to acquire TSB Bank
Sabadell may select one bank for negotiations, though a deal is not guaranteed, the publication noted.
Banco Santander’s (SAN) US Unit Divesting Seven Branches to Focus on Digital Banking
Banco Santander, S.A. (NYSE:SAN) is one of the 11 best European stocks to invest in. On June 25, the company’s US subsidiary, Santander Bank, announced that it had reached an agreement to sell seven of its branches in the Pennsylvania area to Community Bank N.A. The divestment is part of Santander Bank’s push to become […]
Santander, Barclays Said to Be Final Bidders for Sabadell’s TSB
Banco Santander SA and Barclays Plc are the main contenders left in the race to acquire Banco Sabadell SA’s UK unit TSB, according to people familiar with the matter.
Santander Eyes TSB Acquisition as Banco Sabadell Explores Sale of UK Arm
Banco Santander (NYSE:SAN) is one of the best-performing NYSE stocks to buy now. On June 18, Santander approached Banco Sabadell, which is Spain’s fourth-largest bank, regarding a potential takeover of its UK retail arm called TSB. The move comes after Sabadell confirmed receiving multiple expressions of interest for TSB, which it acquired from Lloyds Bank […]
Domino’s Pizza Stock Rated Outperform as BMO Sees Growth Beyond 2025
Domino’s Pizza, Inc. (NYSE:DPZ) ranks among the best consumer discretionary stocks to buy now. On June 17, BMO Capital Markets reaffirmed its $540 price target and Outperform rating for Domino’s Pizza, Inc. (NYSE:DPZ) after investor meetings with the company’s CFO and investor relations team. Even in the face of difficult macroeconomic circumstances, Domino’s management has […]
Chipotle Stock Rated Buy by TD Cowen Amid Macroeconomic Pressures, Growth Strategy Intact
Chipotle Mexican Grill, Inc. (NYSE:CMG) ranks among the best consumer discretionary stocks to buy now. On June 18, TD Cowen reaffirmed its Buy rating and $57 price target for Chipotle Mexican Grill, Inc. (NYSE:CMG), stating that it is confident in the company’s strategy despite the challenges affecting the industry. In contrast to consensus expectations of […]
Mentions: CMG
Santander to sell seven Pennsylvania branches to Community Bank
Santander launched Openbank in the U.S. market late last year with a high-yield savings account offering, and aims to have a full-service digital bank in the country by the end of 2025. In a separate statement, Community Bank said it will pay Santander a deposit premium of $48 million for assets and liabilities of the branches.
Mentions: VZ
Santander to sell 7 Pennsylvania branches to NY bank
Community Bank will acquire the Allentown-area branches and expand its footprint in the Greater Lehigh Valley. The deal is expected to close in the fourth quarter.
Santander Bank Announces Agreement to Sell Seven Branches to Community Bank, N.A.
Polish Fintech Bets on Erste Entry to Speed Up Foreign Expansion
Poland’s most successful mobile-payment company is hoping that new shareholder Erste Group Bank AG will accelerate its expansion in eastern Europe.
3 International Bank Stocks With Strong Dividends
Can international stocks continue to outperform their US counterparts? Structrual trends points to continued strength, and these 3 stocks are poised to profit.
ECB’s Guindos Says Oil Swings Aren’t Derailing Inflation Retreat
European Central Bank Vice President Luis de Guindos said recent swings in commodities prices due to the war between Israel and Iran don’t change the outlook for inflation in the euro zone.
SanDisk initiated, Analog Devices upgraded: Wall Street’s top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Cantor Fitzgerald upgraded Analog Devices (ADI) to Overweight from Neutral with a price target of $270, up from $250. Analog Devices is a “best-in-class” analog company, with “outsized” industrial exposure which is preferential into the upcycle, the firm tells investors in a research note. Argus upgrad
US Fed chief Powell says rate path unclear but tariff impact is coming
Fed chief said it's still unclear how much of the tariff bill will fall on the shoulders of consumers.
Barclays Said to Be Among Firms Interested in Buying TSB
Banco Sabadell SA’s British unit TSB is attracting initial interest from potential buyers including Barclays Plc and Banco Santander SA, according to people familiar with the matter.
Santander enters race to buy TSB
Santander has approached the owner of TSB about a potential takeover of the British high street bank.
Banco Santander Approached Sabadell About TSB Purchase, Sky Says
Banco Santander SA is among banks that have expressed interest in buying Banco Sabadell SA’s UK unit, Sky reported.
Raventós Codorníu owner appoints advisors to assess “strategic options” for stake
Carlyle acquired its owning stake in the Cava and still wines maker in 2018.
Sabadell considers sale of UK subsidiary TSB Bank
The valuation Sabadell anticipates for TSB has not been made public, but reports suggest a sale could generate £1.7-2bn.
UK bank TSB could be sold off by Spanish owner Sabadell
Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA
Mentions: HSBC
Meta Stock Climbs as Social Media Giant Rolls Out Ads on WhatsApp
Meta Platforms said it’s introducing paid advertising to WhatsApp, in a move that could expand its revenue streams.