Banco Santander

Banco Santander purchased GE Money Bank, GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros ($950 million) in 2014.

GE Money Bank

Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region. The North America segment includes business activities in Mexico and the United States. The South America segment involves financial activities of the Group through its banks and subsidiary banks in the region. The Digital Consumer Bank segment includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank, and ODS. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, Payments, and Corporate Centre. The Retail & Commercial Banking segment integrates the retail banking business (individuals) and commercial banking (SMEs and corporates), except for the consumer finance and the cards businesses. The Digital Consumer Bank segment includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank, and ODS. The Corporate & Investment Banking segment includes Markets, Investment Banking (Global Debt Finance and Corporate Finance) and Global Transactional Banking, offers products and services on a global scale to corporate and institutional customers, and collaborates with other global businesses to better serve broad customer base. The Wealth Management & Insurance segment includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland and the insurance business (Santander Insurance). The Payments segment involves in the digital payment's solutions, providing global technology solutions for banks and new customers in the open market. The Corporate Centre segment includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

Banco Santander SA (NYSE:SAN ) Q4 2022 Earnings Conference Call February 2, 2023 4:00 AM ET Company Participants Begona Morenes - IR Ana Botin - Group Executive Chairwoman Hector Grisi - Group CEO & Group Director Jose Garcia-Cantera - Senior EVP & Group CFO Conference Call Participants Francisco Riquel - Alantra Ignacio Olmos - UBS Ignacio Ulargui - BNP Paribas Exane Alvaro Serrano - Morgan Stanley Carlos Cobo Catena - Societe Generale Andrea Filtri - Mediobanca Benjamin Toms - RBC Capital Markets Daragh Quinn - KBW Marta Sánchez Romero - Citigroup Sofie Peterzens - JPMorgan Chase & Co. Begona Morenes Good morning, everybody, and welcome to Banco Santander's conference call to discuss our financial results for the fourth quarter of 2022. Just as a reminder, both the results report and presentation we will be following today are available to you on our website.

Banco Santander SA (SAN) Q4 2022 Earnings Call Transcript

Santander set aside £321mln for mortgage repayment defaults in 2022 as the bank braces for housing prices to fall back. In 2023, a 10% fall in house prices is expected by the Spanish bank, driven by growing interest rates and a 1.3% shrinking of the UK economy.

Santander readies itself for UK house price plunge

Santander posts forecast-beating profit, revenue, upbeat on 2023

Santander on Thursday said its 2022 net profit rose 18% to a record 9.6 billion euros ($10.6 billion) on higher lending, though results were overshadowed in the fourth quarter as provisions more than doubled on economic uncertainty.

Santander books record 9.6 bln euro profit for 2022 but Q4 provisions up

DALLAS , Jan. 27, 2023 /PRNewswire/ -- Santander Consumer USA Inc. ("Santander Consumer") today announced that Betty Jotanovic will assume the role of President of Chrysler Capital and Auto Relationships, reporting to Bruce Jackson who was recently named head of the Santander US Auto business and CEO of Santander Consumer.  In this capacity, Jotanovic will be responsible for, among other things, all aspects of Santander Consumer's Chrysler Capital and Auto Relationships.

Betty Jotanovic Is Named President of Chrysler Capital and Auto Relationships at Santander Consumer

Spain's Santander is the only major bank operating in Germany that has not announced a special payment to local staff to help them with soaring inflation, union officials told Reuters, although the bank said talks were ongoing.

Santander lagging behind on inflation payment for German bank staff

Global Payments

Santander Bank said it's working with Global Payments on a card offering for corporate clients. In a LinkedIn post on Wednesday (Jan. 4), Santander said that starting in early 2023, its U.S. commercial banking clients will be able to utilize the corporate payment card issued through TSYS, a Global Payments-owned card issuer.

Santander and Global Payments Team on Commercial Bank Card

BOSTON--( BUSINESS WIRE )--Santander Holdings USA, Inc. (“Santander” and “Santander US”) today announced that, effective March 2023, Bruce Jackson will assume the role of head of the Santander US Auto business and CEO of Santander Consumer USA Inc. (“Santander Consumer”), reporting to Santander US CEO, Tim Wennes. Jackson succeeds Mahesh Aditya who is taking on the role of Banco Santander's Group Chief Risk officer in Madrid, subject to customary regulatory approvals.

Bruce Jackson Is Named Head of the Santander US Auto Business and CEO of Santander Consumer

BOSTON--( BUSINESS WIRE )--Santander Holdings USA, Inc. (“Santander” and “Santander US”) today announced the completion of the sixth cohort of Santander's Cultivate Small Business, which served 97 entrepreneurs and awarded $300,000 in capital grants to eligible graduates. The cohort's graduates are the program's first from the Dallas, Miami and Philadelphia markets. The program also operates in Massachusetts, New Jersey and New York.

Santander US Cultivate Small Business Program Completes Sixth Cohort with $300,000 in Grants to Entrepreneurs

BOSTON--( BUSINESS WIRE )--Santander Bank, N.A. announced today it has raised its prime rate from 7.00% to 7.50%, effective December 14, 2022.

Santander Bank Raises Its Prime Rate to 7.50%

The FCA has fined Santander over 107.7 million pounds ($132.2 million) for AML failures. In announcing the penalty, the Financial Conduct Authority (FCA) said Santander “failed to properly oversee and manage” its anti-money laundering (AML) systems between Dec. 31, 2012 and Oct. 18, 2017.

Santander Hit With $132M Fine for AML Failures

The UK arm of Spanish banking group Banco Santander has been fined £107.79mln by the Financial Conduct Authority (FCA) after the regulator found “serious and persistent gaps” in the bank's anti-money laundering (AML) controls, affecting its business banking customers.  Over a period of almost five years, from end-2012 to mid-October 2017, Santander UK failed to properly oversee and manage its AML systems, which significantly impacted the account oversight of more than 560,000 business customers, the FCA said in a statement.

Santander UK fined £107mln by financial regulator FCA for anti-money laundering failures

According to the FCA, Santander UK PLC has failed to properly oversee and manage its AML systems between December 2012 and October 2017, which affected the account oversight of more than 560,000 business customers.

Santander U.K. fined $131.4 million for anti-money-laundering failures

Britain's Financial Conduct Authority said it had fined Santander 107.7 million pounds ($132 million) for "serious and persistent" gaps in the Spanish bank's anti-money laundering controls for more than 560,000 business customers.

UK watchdog fines Santander $132 mln over anti-laundering controls

Banco Santander generates almost 70% of its income outside of Europe. The earnings remain strong, and the bank has a shot at a full-year EPS of 0.55 EUR per share.

Banco Santander: Trading At 5x Earnings And A 35% Discount To Its TBV

BOSTON--( BUSINESS WIRE )--Santander Bank, N.A. today announced the expansion of its Commercial Equipment and Vehicle Finance business to include commercial equipment financing to healthcare organizations. The new, nationwide offering will provide financing for state-of-the-art medical technology and equipment to hospitals and health systems, out-patient clinics, and specialized providers.

Santander Bank Offering Healthcare Equipment Financing as Part of Commercial Finance Expansion

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A.

Santander Commercial Banking Appoints Two New Leaders

Banco Santander (LSE:BNC) is ready to block all UK customers from sending real-time payments to cryptocurrency exchanges as part of measures to protect customers from scams, according to an emailed statement. Starting from November 15, payments to crypto exchanges will be limited to £1,000 per transaction with a total limit of £3,000 in any rolling 30-day period.

Santander's crypto exchange ban leaves no room for nuance

Santander will block UK customers from sending real-time payments to cryptocurrency exchanges next year as part of measures to protect customers from scams, the bank said in an emailed statement on Friday.

Santander to block UK transfers to crypto exchanges in 2023

Santander Bank Raises Its Prime Rate to 7.00%

Banco Santander S.A. (NYSE:SAN ) Q3 2022 Earnings Conference Call October 26, 2022 4:00 AM ET Company Participants Begona Morenes - Investor Relations Jose Antonio Alvarez - Chief Executive Officer Jose Garcia Cantera - Chief Financial Officer Conference Call Participants Ignacio Ulargui - BNP Paribas Francisco Riquel - Alantra Alvaro Serrano - Morgan Stanley Sofie Peterzens - JPMorgan Carlos Cobo Catena - Societe Generale Marta Sanchez Romero - Citi Carlos Peixoto - CaixaBank Pamela Zuluaga - Credit Suisse Begona Morenes Good morning, everybody and welcome to Banco Santander's Conference Call to Discuss Our Financial Results for the Third Quarter of 2022.

Banco Santander S.A. (SAN) Q3 2022 Earnings Call Transcript

Banco Santander SA third-quarter earnings beat expectations as an increase in revenue due to rapidly rising interest rates outweighed higher provisions and inflation-related costs.

Banco Santander net profit beats forecasts, thanks to revenue rise

Santander has called on the government, banking industry and relevant bodies to tackle authorised push payment (APP) fraud. APP is when a scammer deceives a payer into making a payment, with over 70% of scams originating from social media.

Santander calls on government and industry to tackle APP fraud

Santander Bank Enhances Safety Net, Further Reduces Overdraft Fees for Every Client

NatWest Group plc 

Lloyds Banking Group

Barclays

Shares in Lloyds Banking Group PLC (LSE:LLOY) and other FTSE 100 lenders slumped back towards recent lows on worries about potential bad debts and a bank windfall tax. A report emerged that Santander UK is preparing for more customer defaults after seeing a pickup in customers falling behind on mortgage and loan payments.

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