Banco Santander SA (SAN.MC)
24 Apr 2019
Wed, Apr 17 2019
* Business line tie-ups easier than full-blown mergers (Adds detail on advisers, stock price and more detail)
PARIS, April 17 French bank Credit Agricole and Spanish bank Santander plan to combine their custody and asset servicing operations in a deal that would create a new global leader, the banks said on Wednesday.
SANTANDER, Spain/MEXICO CITY Santander has offered to take full control of its Mexican business through a 2.6 billion euro ($2.9 billion) all-share deal as the Spanish bank chases potentially higher returns available from Latin America.
* Santander shares up almost 3% (Adds financial consultancy view, paragraphs 14-16)
MADRID Santander assured investors on Wednesday that cost savings in mature markets in Europe and higher profitability growth in Latin America were enough to deliver on midterm financial targets while pushing its digital transformation.
* Will invest 20 billion euros in digital push over next 4 years
MADRID Spanish bank Santander is expected to take a cautious stance on its British business in a strategy update on Wednesday, seeking to reassure investors after its aborted recruitment of former UBS banker Andrea Orcel as CEO.
* Higher lending volumes seen boosting Latin American business
MADRID, March 19 Andrea Orcel, who had an offer withdrawn to be CEO of Santander, has hired Spanish legal adviser Decarlos Remon to handle his dispute with the bank, the legal firm told Reuters on Tuesday.
MADRID, March 19 Andrea Orcel, who had an offer withdrawn to be CEO of Santander, has hired Spanish legal advisor Decarlos Remon to handle his dispute with the bank, a spokeswoman at the legal firm said on Tuesday.