{
}
Banco Santander has rejected NatWest's $14.6 billion bid for its UK retail banking operations, deeming the offer too low. The proposal, which was advised by Morgan Stanley and UBS, was reported to be between £10 billion and £12 billion. This decision follows Santander's previous rejection of a lower offer from Barclays and comes as NatWest seeks to strengthen its domestic market presence after the UK government finalizes the sale of its stake in the bank.
Santander rejected NatWest's £11bn bid for its UK retail bank, deeming it too low, and has since raised €7bn from selling a stake in its Polish unit, making a UK sale less likely. The Spanish lender is shifting focus to the Americas, reducing its UK operations amid high costs and weaker returns.
Banco Santander (Brasil) SA reported a record profit of $3.4 billion for Q1 2025, a 19% increase from the previous year, supported by strong customer activity and a robust CT1 capital ratio of 12.9%. However, loan loss provisions rose by 7% due to a challenging macro environment, and expenses grew by 6%, highlighting the need for ongoing cost management. The bank is exploring a potential sale of a 49% stake in Santander Polska and aims to complete 80% of its digital transformation by year-end.
Banco Santander (Brasil) SA reported a record profit of $3.4 billion for Q1 2025, a 19% increase from the previous year, alongside a strong CT1 capital ratio of 12.9%. Despite challenges such as increased loan loss provisions and rising expenses, the bank plans to distribute up to $10 billion to shareholders through buybacks. The company is also exploring a potential sale of a 49% stake in Santander Polska while focusing on organic growth and digital transformation.
Banco Santander SA anticipates that a UK investigation into auto lending practices will impact its profits by significantly less than €600 million. Chief Financial Officer Jose Garcia Cantera expressed confidence that the financial effect will not be material for the group.
Jose Garcia Cantera
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
santander rejects natwest's 14.6 billion dollar bid for uk banking unit
British Pound Sterling
United States Dollar
Euro
UBS Group AG
Erste Group Bank AG
POL
GBR
Jose Garcia Cantera
15:00 12.05.2025
santander rejects natwest's 11 billion bid for uk retail bank unit
POL
GBR
ESP
USA
Jose Garcia Cantera
Paul Thwaite
Roula Khalaf
Ana Patricia Botin
Ivan Levingston
Show more
16:43 09.05.2025
Banco Santander Brasil reports record profits and plans significant shareholder returns
Brazilian Real
Euro
United States Dollar
Mexican Peso
Banco Santander (Brasil) SA
POL
BRA
DEU
Hector Grisi
Jose Garcia Cantera
Show more
23:00 01.05.2025
Banco Santander Brasil reports record profits and plans shareholder distribution
Brazilian Real
Euro
United States Dollar
Mexican Peso
Banco Santander (Brasil) SA
POL
BRA
DEU
USA
Hector Grisi
Jose Garcia Cantera
Show more
22:11 01.05.2025
santander expects minor profit impact from uk motor finance investigation
10:23 29.10.2024
Trending
Subcategory
Corporate News
Industry Trends
Cryptocurrency Trends
Venture Capital Investments
Emerging Startups
Funding Rounds & Investments
Retail and Consumer Goods
Crypto Adoption and Integration
Fintech Startups
AI Innovations
Startups & Entrepreneurship
AI Applications
Economic Indicators
Crypto Policies and Governance
Product Launches
Workplace Trends
Central Banks and Digital Currencies
IPOs of Tech Companies
Market Analysis and Predictions
Real Estate Investments
Countries:
Companies:
Apple Inc.
Nvidia Corporation
DEUTSCHE BANK AG
EVOLUTION JAPAN Securities Co. Ltd.
Alphabet Inc.
Marvell Technology Inc.
Playtika Holding Corp.
Colugo Systems Ltd.
Gemini Trust Company LLC
Circle Internet Financial Inc.
Citigroup Inc.
Bank of America Corporation
Sony Corporation
Zero Networks Ltd.
Ecom Express Ltd.
Minebea Mitsumi Inc.
VOLKSWAGEN AG
Currencies:
People: