The bank's shares saw a notable increase of 2.17% to 3.7530 euros in early trading at 0857 GMT, despite a year-to-date decline of 4.68% as of February 16. Santander outlined that the maximum share purchase price would be capped at 4.76 euros, and based on an assumed average price of 3.95 euros, it could acquire…
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Dave Howson, Cboe Global Markets' Executive Vice President and Global President, highlighted the importance of this initiative, stating, "The introduction of iShares ETFs to Cboe Australia marks a pivotal achievement in realising Cboe's vision for global listings. Cboe stands out as the only exchange network offering asset managers a streamlined avenue for listing their products…
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Societe Generale, with advisory services from Rothschild & Co, has initiated seeking potential buyers through an auction for Kleinwort Hambros, as mentioned by two sources. The French banking conglomerate is also preparing to divest its private banking operations in Switzerland, aligning with its strategy to streamline its business portfolio, the sources added. Kleinwort Hambros, which…
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An internal communication, initially disclosed by Bloomberg News and subsequently verified by Reuters, revealed that Santander's global head of communications announced the bank had undertaken an extensive examination of connections to entities and individuals mentioned in the FT report. The investigation concluded that there were no sanctions breaches within any segment of Santander's international operations.…
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By 2320 GMT, the shares had climbed nearly 1% to A$27.93, reaching levels not seen since April 21, 2022, in contrast to a 0.3% decrease in the broader market index. The bank's institutional banking services have seen a surge in demand, leading to a record annual profit last year, boosted significantly by a payments platform…
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Nagel emphasised the transformative nature of the recent performance, highlighting it as a manifestation of the group's new strategic direction. "Our progress has been substantial and highly efficient in generating and utilising capital," he remarked. This was underscored by the bank's core capital ratio, which stood at 15.3% of risk-weighted assets, surpassing analysts' forecasts from…
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This decision is a critical component of its newly unveiled Transition Finance Framework (TFF), introduced amid growing scrutiny from environmental advocates concerning its energy financing policies in light of rising emissions from fossil fuel combustion. Starting in 2025, the financial institution plans to limit its financing to companies that are not diversified, such as those…
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The move was further supported in September when President Vladimir Putin issued a decree allowing for transactions involving these assets. In an interview with Bloomberg Television, CEO Carlo Messina revealed that Intesa has significantly reduced its exposure in Russia to a "minimal" level. Yet, the bank has struggled to wholly disentangle itself from its subsidiary…
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PBB, a part of the SDAX small-cap index that strongly emphasises real estate financing, made this reassurance in its second extraordinary disclosure in as many days as its equity and debt instruments experienced market pressure. The bank had previously characterised the current situation in the U.S. market as "the most significant real estate crisis since…
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Alongside major Italian banks such as Intesa Sanpaolo (ISP.MI) and UniCredit (CRDI.MI), MPS has benefited significantly from the rise in interest rates. Additionally, the bank has gained from positive outcomes in several legal disputes with former executives, alongside ongoing restructuring efforts led by CEO Luigi Lovaglio. Thanks to the favourable court decisions, the bank could…
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