Banco Santander S.A. announced on Wednesday its revenue in the fiscal year 2024 observed an annual increase of 8%, 10% in constant euros, to hit €62.2 billion.The bank's attributable profit rose by 14% year-on-year to €12.5 billion; in the fourth quarter, it gained 11% compared to the same...
The Spanish lower house of parliament approved a new tax targeting banks on Thursday, focusing on their interest margins and commissions. Unlike the extraordinary tax in place during 2023 and 2024, which raised €1.7 billion this year, the newly introduced tax will remain effective for three years,...
Banco Santander SA said on Tuesday its attributable profit for the third quarter of 2024 landed at €3.3 billion, soaring 12% from the same period a year earlier. Earnings per share added 18% year on year to €0.20, while total income added 1.3% to €15,1 billion.For the first nine months of the year, the...
OpenAI said on Thursday that it secured access to a $4 billion revolving credit line with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC. The announcement follows the $6.6 billion in new funding the company revealed yesterday. "The...
Banco Santander S.A. announced on Tuesday it is launching a buyback program worth approximately €1.5 billion.The lender noted its board of directors approved a share repurchase program for an amount equivalent to around 25% of its underlying profit for the first half of this year. The execution of...
Amazon.com Inc. and Grupo Santander on Monday announced a plan to launch its new Amazon Visa credit card in Germany which will reward customers for purchases at no annual fee."We are delighted to partner with Amazon in offering customers in Germany a way to earn rewards on their...
Banco Santander SA announced on Wednesday that its profit for the first half of 2024 increased 15.6% on a yearly basis to €6.1 billion. Net interest income rose 12.1%, reaching €23.5 billion and earnings per share (EPS) were up 19.2% to €0.37. The bank updated its outlook for 2024, expecting...
Banco Santander SA reported on Tuesday that its net profit was €2.57 billion in the first quarter of 2024 year over year.According to the bank's report, net interest income amounted to a record €11.9 billion, 15.3% above the same quarter a year earlier. Total income reached €15.3 billion, increasing by...
Banco Santander SA announced Monday that it has increased its cash dividend and, at the same time, launched a new share buyback program.
The increase will raise the total cash dividend per share for 2023 to €0.176, marking a 50% hike from the previous year's distribution. Additionally, the...
The shares of Banco Santander, SA, and Lloyds Banking Group plc observed a decline in their share value on Monday after the Financial Times reported that Iran used the accounts of these banks to evade sanctions.
According to documents seen by FT, Lloyds and Santander UK provided accounts to...
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