Banco Santander SA
Why Revolut’s journey to become a UK bank is taking so long
Key Points Revolut was granted a banking license with restrictions in July 2024 from the U.K.’s Prudential Regulation Authority (PRA). A year on, the fintech giant is still in a “mobilization” phase which limits the amount of customer deposits it can hold. Analysts say there are a number of reasons why Revolut’s authorization process is taking […]
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Barclays second-quarter profit beats estimates as investment banking revenues swell
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg | Bloomberg | Getty Images British bank Barclays on Tuesday beat profit expectations and announced a £1 billion ($1.33 billion) share buyback as market volatility boosted investment banking revenues. Pre-tax profit beat estimates at £2.5 […]
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Global week ahead: Crunch time for trade talks as Trump’s deadline nears
U.S. President Donald Trump speaks to the media during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters I think most would agree that the news cycle has been relentless for most of 2025, but certain stories do seem a […]
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European banks saw their best first-half since 1997, but maintaining returns will be a challenge
European banks have had a bumper start to the year, outperforming almost all other sectors as investors reward a recent period of improved profitability — but analysts warn returns may not have as far to run in the second half. The Stoxx 600 Banks index has risen more than 28% in the first six months […]
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Santander doubles down on UK presence amid Spain’s banking M&A turmoil
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images In one move, Santander has silenced months of speculation over it’s allegiance to the British high street – and complicated a year-long consolidation saga in Spain’s banking sector. On Tuesday, Spain’s […]
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British bank Barclays reports profit beat in the first quarter
16 September 2023, USA, New York: The Barclays Bank logo, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images British bank Barclays on Wednesday reported slight beats on the top and bottom line, boosted by stronger investment bank performance. Pre-tax profit came in at £2.7 billion ($3.6 billion) over the March quarter, compared […]
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Swiss giant UBS beats expectations with $1.69 billion profit in first quarter
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. Daniel Leal | AFP | Getty Images Swiss giant UBS on Wednesday beat bottom line expectations amid sharp returns in investment banking, as the lender seeks to rein in steep share declines that have cost […]
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UBS loses crown as continental Europe’s most valuable bank to Santander amid U.S. tariffs
Key Points UBS had a market cap of 79.5 Swiss francs ($97.23 billion) as of the Wednesday close, according to FactSet data, with Banco Santander at 91.3 billion euros ($103.78 billion). Santander and UBS’ shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained […]
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Europe’s banks battered as Trump tariffs put U.S. recession on the horizon
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European […]
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Trump’s tariffs push will hit the U.S. harder than Europe in the short term, Santander chair says
The White House’s protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander‘s executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers. “Tariffs [are] a tax. It’s a tax on the consumer.” Ana Botín said in an interview with CNBC’s Karen Tso in Brussels on […]
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