Santander

Santander cuts back senior investment banker bonuses by 8%

The Spanish lender has reduced average bonuses for so-called material risk takers within its investment bank to €841,893

2 min read

Santander net profit rises as interest rates boost top line

The Spanish bank made a quarterly net profit of €2.85bn, compared with analysts expectations of €2.93bn

1 min read

Botín hails 'good news' for sector

Axing banker bonus cap ‘makes sense’ says Santander chair Ana Botín

The chair of the Spanish lender is 'sure' the bank will now adapt to the new freedoms

1 min read

New issues are coming in thick and fast as Spain's Santander becomes the latest

Santander raises $2.5bn as AT1 bonds roar back to life

European lenders are coming back to the Additional Tier 1 bond market after the controversy around UBS and Credit Suisse

1 min read

EY plans to shrink the bonus pool among staff while trimming its consulting arm of some 2,300 by 5%

Santander clashes with EY over firm’s consulting work

The quality of EY’s work is at the centre of the issues, according to three people familiar with the matter who spoke to the FT

2 min read

Santander ramps up European dealmaker hiring as rivals founder

Santander plans to hire around 20-30 bankers in Europe, according to people familiar with its efforts, across varying levels of seniority

3 min read

'It's vital we do our best to support those who are managing fostering responsibilities alongside their everyday roles'

Santander offers paid fostering leave for 19,000 UK employees

City firms have been expanding their parental leave policies in a bid to retain top talent

2 min read

Santander hit with £108m fine for anti-money laundering failures

The bank has agreed to settle, which means it has qualified for a 30% discount

1 min read

Santander names Héctor Grisi as new chief executive

The bank confirmed that current CEO Jose Antonio Alvarez would leave his role as of 1 January, ending a seven-year tenure.

2 min read

Santander beats analyst expectations with 58% net profit jump for Q1

Analysts had expected the bank to report a net profit of €2.35bn, according to a consensus forecast provided by FactSet

1 min read

A Madrid court has ordered Santander to pay Orcel 67.8m ($76.6m) plus interest

Andrea Orcel wins $76m payout from Santander over axed CEO posting

Court rules in favour of veteran dealmaker after Santander cancelled his CEO offer

1 min read

Anne Boden, who founded Starling Bank in 2014, said open banking has failed to bring about the change that banks and government had hoped for

Starling chief Boden blasts failed open banking regime

Anne Boden: ‘People want better service; they don’t want their data’

Privacy and fraud are just two of the issues facing fans of a UK CBDC

Citigroup, Starling chiefs urge caution over the UK’s plans for Britcoin

Britcoin ‘could result in all the balances disappearing from the current accounts of the high street banks’

Bankers’ bonuses have been in sharp focus this year as the UK weathers an outpour of skilled workers to other European hubs amid institutional reshuffles from the likes of Citi, JPMorgan and Santander

Banks will not challenge UK bonus cap, bosses say

Citigroup, Santander chiefs are not lobbying to lift the limit on banker bonuses

Santander to return €1.7bn to shareholders

Decision follows the lifting of European Central Bank's recommendations to limit shareholder remuneration until 30 September

1 min read

Nationwide is reviewing its policy on cryptocurrencies for UK customers, amid a wider crackdown on crypto exchanges

Nationwide reviews crypto policy as UK banks crack down on Binance

Rising popularity in cryptocurrencies and regulatory scrutiny on exchanges such as Binance weighs on UK lenders

3 min read

Peel Hunt and Santander team up to take on big investment bank rivals

Forms part of Santander's bid to be one of Europe's leading corporate and investment banks

2 min read

Chair of the Treasury Committee, Mel Stride said ‘many SMEs will continue to need vital support from financial institutions

Treasury Committee warns bank execs on ‘vital’ need for small business support

The MPs wrote to senior executives at HSBC, Santander, NatWest, Barclays, Lloyds and Metro Bank

2 min read