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Botin

August 4, 2010

Banco Santander, one of Europe’s largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

Banco Santander, one of Europe's largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

The deal will give Santander an additional 1.8 million customers in the UK and is expected to be concluded by the end of 2011. 

July 12, 2010

Banco Santander, the family-controlled banking group, announced today that it will acquire the German retail banking business of Skandinaviska Enskilda Banken (SEB Group) for €555 million.

Banco Santander, the family-controlled banking group, announced today that it will acquire the German retail banking business of Skandinaviska Enskilda Banken (SEB Group) for €555 million.
 
The acquisition adds 173 branches and around a million customers in Germany for Spain-based Santander. Family chairman Emilio Botin (pictured) said: "Germany is a core market for Santander. This acquisition is a significant step towards achieving our goal of being a full-service retail bank in Europe's largest market."

June 9, 2010

Banco Santander, the family-controlled banking group, announced today that it will purchase the remaining 24.9% of Santander Mexico for $2.5 billion.

Banco Santander, the family-controlled banking group, announced today that it will purchase the remaining 24.9% of Santander Mexico for $2.5 billion.
 
Spain-based Santander will buy the stake from Bank of America, who purchased the share in 2003 for $1.6 billion. This sale gives Santander 99.9% ownership of the Mexican unit, which is valued at $10 billion.
 

June 18, 2009

A unit of Banco Santander is being investigated by Geneva's public prosecutor for apparently defrauding clients by misrepresenting its relationship with Bernard Madoff.

A unit of Banco Santander is being investigated by Geneva's public prosecutor for apparently defrauding clients by misrepresenting its relationship with Bernard Madoff.

February 6, 2009

Campden FB’s Family Business Leader of the Year 2008 came out fighting yesterday as he announced record financial results for Spain-based banking group Santander.

Campden FB’s Family Business Leader of the Year 2008 came out fighting yesterday as he announced record financial results for Spain-based banking group Santander.

Chairman Emilio Botin has had a torrid start to the year as the bank his family has led since 1857admitted it had lost more than €2.3 billion of its clients' money with Bernard Madoff.

However, the bank has had its “best year in the last 20 years” with a net profit of €8.876 billion – not far off the €10 billion Botin predicted last June before the banking crisis really took hold.

January 13, 2009

Banco Santander is allegedly set to face an investigation by Spanish prosecutors into how the family-controlled bank lost more than €2.3 billion of its clients’ money with Bernard Madoff, the disgraced American fund manager.

Banco Santander is allegedly set to face an investigation by Spanish prosecutors into how the family-controlled bank lost more than €2.3 billion of its clients' money with Bernard Madoff, the disgraced American fund manager.

The Wall Street Journal is reporting that the authorities want to know "the details of Santander's relationship with Madoff's firm and when Santander knew about problems related to it."

November 11, 2008

Family-owned Banco Santander has decided to increase its capital by €7.2 billion through a deeply discounted rights issue of 1.599 billion new ordinary shares at a ratio of four to one.

Family-owned Banco Santander has decided to increase its capital by €7.2 billion through a deeply discounted rights issue of 1.599 billion new ordinary shares at a ratio of four to one.
 
Priced at €4.5 a share, which is 46% below last Friday's closing price, the transaction is fully underwritten by investment banks including Merrill Lynch and Bank of America.
 

June 30, 2008

The chairman of family-owned Banco Santander, Emilio Botín, has given a fascinating insight into how he runs one of the largest and most profitable banks in Europe.

The chairman of family-owned Banco Santander, Emilio Botín, has given a fascinating insight into how he runs one of the largest and most profitable banks in Europe. Botín (right), whose family have led the bank since 1857, took over from his father as president in 1986.

Describing the current credit crunch as "probably the most difficult times seen by a whole generation of bankers," Botin nevertheless predicted his company would exceed €10 billion in profit this year.

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