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Santander starts cutting jobs in the UK, source says

UPDATE 2-Santander starts cutting jobs in the UK, source says Santander job cuts focused on UK headquarters Redundancy plan comes amid fierce competition in the UK Banks are also focusing towards online banking Adds another comment from Santander in paragraph 7, shift towards online banking By Jesús Aguado MADRID, Oct 25 (Reuters) - Spain's Santander SAN.MC has started a round of job cuts at its British unit as part of the lender's plans to save costs in a competitive banking environment in the
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Santander starts round of job cuts in the UK, Bloomberg reports

Santander starts round of job cuts in the UK, Bloomberg reports MADRID, Oct 25 (Reuters) - Spain's Santander SAN.MC has kicked off a round of job cuts at its British unit to save costs, Bloomberg reported on Friday citing people familiar with the matter. Approached by Reuters, Santander declined to comment. The redundancy program kicked off last week and is focused on the Spanish lender's regional headquarters, Bloomberg said, without providing any numbers.
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Santander Starts Round Of UK Job Cuts As Part Of Savings Drive - Bloomberg News

BRIEF-Santander Starts Round Of UK Job Cuts As Part Of Savings Drive - Bloomberg News Oct 25 (Reuters) - Banco Santander SA SAN.MC : SANTANDER STARTS ROUND OF UK JOB CUTS AS PART OF SAVINGS DRIVE - BLOOMBERG NEWS Source text: https://tinyurl.com/2cfndj27 Further company coverage: SAN.MC
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Banco Santander SA <SAN.N> expected to post earnings of 20 cents a share - Earnings Preview

Banco Santander SA expected to post earnings of 20 cents a share - Earnings Preview Banco Santander SA SAN.N , SAN is expected to report resultson October 29 for the period ending September 30 2024 ​LSEG's mean analyst estimate for Banco Santander SA is for earnings of 20 cents per share. The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The mean earnings estimate of analysts was
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Close Brothers and Lloyds shares slide after UK motor finance ruling

UPDATE 4-Close Brothers and Lloyds shares slide after UK motor finance ruling Close Brothers loses court ruling on car loan commissions Shares slide more than 20%, Lloyds loses 6% UK regulator considering consumer redress scheme Adds FirstRand statement in paragraph 7, updates shares in paragraph 5 LONDON, Oct 25 (Reuters) - Shares in Close Brothers Group CBRO.L slumped on Friday after a London court ruled that motor finance brokers must fully inform customers about commissions when taking out c
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Bankers see tepid investments due to uncertainty over US elections, geopolitics

RPT-Bankers see tepid investments due to uncertainty over US elections, geopolitics Repeats story first published on Thursday By Nupur Anand and Pete Schroeder WASHINGTON, Oct 24 (Reuters) - Questions about the direction of the United States and wars in Ukraine and the Middle East are making investors cautious, bank executives gathered in Washington said.
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Bankers see tepid investments due to uncertainty over US elections, geopolitics

RPT-Bankers see tepid investments due to uncertainty over US elections, geopolitics Repeats story first published on Thursday By Nupur Anand and Pete Schroeder WASHINGTON, Oct 24 (Reuters) - Questions about the direction of the United States and wars in Ukraine and the Middle East are making investors cautious, bank executives gathered in Washington said.
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Spanish stocks - Factors to watch on Oct. 25

Spanish stocks - Factors to watch on Oct. 25 Oct 25 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: SANTANDER SAN.MC Spanish lender Santander will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday.
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Bankers see tepid investments due to uncertainty over US elections, geopolitics

Bankers see tepid investments due to uncertainty over US elections, geopolitics By Nupur Anand and Pete Schroeder WASHINGTON, Oct 24 (Reuters) - Questions about the direction of the United States and wars in Ukraine and the Middle East are making investors cautious, bank executives gathered in Washington said. But there is some optimism about economic activity picking up as clarity over policy emerges after the Nov.
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Santander will have a full-service digital bank in US by end-2025, chair says

UPDATE 2-Santander will have a full-service digital bank in US by end-2025, chair says Adds quotes on U.S presence in paragraph 4-5 By Nupur Anand and Pete Schroeder WASHINGTON, Oct 24 (Reuters) - Spanish lender Santander SAN.MC will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday.
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Santander will have a full service digital bank in U.S. by 2025-end, chair says

Santander will have a full service digital bank in U.S. by 2025-end, chair says NEW YORK, Oct 24 (Reuters) - Spanish lender Santander SAN.MC will have a full service digital bank in the United States by 2025, its executive chairman Ana Botin said on Thursday. She made the comments during the Institute of International Finance conference in Washington.
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Argentina seeks $2.7 bln in funding to cover debt maturities, Bloomberg News reports

Argentina seeks $2.7 bln in funding to cover debt maturities, Bloomberg News reports Oct 23 (Reuters) - Argentina's government is in talks with several banks to secure funding of around $2.7 billion to meet its debt obligations due January, Bloomberg News reported on Wednesday, citing a person familiar with the talks. JPMorgan JPM.N and Spain's Santander SAN.MC are the most involved in the talks being carried out by the Argentine central bank, the report stated, citing a different person with di
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Spanish banks Q3 earnings season ready to kick off

LIVE MARKETS-Spanish banks Q3 earnings season ready to kick off U.S. equity indexes red: Nasdaq off most, down ~1.65% Tech weakest S&P sector; Real Estate leads gainers Dollar up; gold down ~1%; crude down >1.5%; bitcoin off >2.5% U.S. 10-Year Treasury yield edges up to ~4.23% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Spanish stocks - Factors to watch on Oct 22

Spanish stocks - Factors to watch on Oct 22 Oct 22 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: SANTANDER SAN.MC Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which could help fund up to $30 billion in loans for vehicle purchases and broaden its retail business in the country, the bank's U.S.
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Mexican credit facility platform CXC raises $33 million to expand through Latam, US

Mexican credit facility platform CXC raises $33 million to expand through Latam, US By Kylie Madry MEXICO CITY, Oct 22 (Reuters) - Mexican credit facility platform CXC has raised $32.6 million in a funding round led by Kaszek, it said on Tuesday, with the funds set to help the firm expand to the rest of Latin America and the United States. WHY IT'S IMPORTANT CXC has quietly become a major player in monitoring and managing private credit facilities in Latin America in recent years, working with f
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Santander launches US digital bank to cut cost of auto lending

UPDATE 1-Santander launches US digital bank to cut cost of auto lending Launches Openbank in US to expand retail unit nationwide Could help lender fund as much as $30 bln of auto loan assets Plans to evaluate how to grow Openbank further, including deals Adds details in paragraphs 9, 10, 11 on the U.S. and products By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which could help fund up to $30
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Santander launches digital bank in US to gain cheaper funding for auto loans

Santander launches digital bank in US to gain cheaper funding for auto loans By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending assets and broaden its retail business in the country, U.S. CEO Tim Wennes told Reuters.
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Barratt Redrow, Genuit Group, Munich Re

EUROPE RESEARCH ROUNDUP-Barratt Redrow, Genuit Group, Munich Re Oct 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Barratt Redrow, Genuit Group and Munich Re, on Monday. HIGHLIGHTS * Barratt Redrow Plc BTRW.L : Morgan Stanley raises to overweight from equal-weight * Genuit Group Plc GENG.L : JP Morgan initiates coverage with neutral rating; PT 535p * Intertek ITRK.L : RBC cuts to sector perform from outperform * Munich Re MUVGn.
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Barclays cuts Caixabank and Bankinter on rate sensitivity

BUZZ-Barclays cuts Caixabank and Bankinter on rate sensitivity ** Barclays cuts Spain's Caixabank CABK.MC to "equal-weight" from "overweight" and Bankinter BKT.MC to "underweight" from "equal-weight" as interest rates are expected to decline further ** It lowers Spanish banks net interest income estimates by around -2% on average in 2025 and -1% in
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Spanish stocks - Factors to watch on October 21

UPDATE 1-Spanish stocks - Factors to watch on October 21 Adds entry on Talgo Oct 21 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: TALGO TLGO.MC The firm said on Monday it had started negotiations with Sidenor to analyse a possible transaction on the company's share capital.
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