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Santander reported a 19% increase in Q1 net profit to 3.4 billion euros, surpassing forecasts, driven by strong performance in Spain and the U.S., despite declines in Brazil and Mexico. The bank remains focused on its 2025 profit goals while closely monitoring market uncertainties, with a diversified strategy aiding resilience. Net interest income fell 5% year-on-year, but efficiency improved, and the bank is on track to meet its full-year revenue target of around 62 billion euros.
Alexis Kohler, President Emmanuel Macron's chief of staff since 2017, has been appointed executive vice president of Societe Generale, effective June 2025. He will oversee M&A, equity capital markets, and acquisition finance, while assisting CEO Slawomir Krupa with transformation initiatives. Kohler, known as Macron's closest adviser, previously faced a conflict of interest investigation that was dropped in 2019 due to a lack of evidence.
Peter Graff
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Santander reports strong Q1 profits while navigating market uncertainties
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10:32 30.04.2025
macron's chief of staff appointed executive vice president at societe generale
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Slawomir Krupa
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08:00 28.03.2025
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