Barclays, Santander, Deutsche Report Strong Profits
European banking majors Barclays, Deutsche Bank and Banco Santander reported strong results. Barclays reported quarterly attributable profits of £1bn ($2.9bn) vs. £90mn in 2Q2020. For the half year, its profits were at £3.8bn ($5.3bn) vs. £695mn ($968mn) in 1H2020....
Santander Raises $1.9bn via Dollar & Euro Perpetuals
Banco Santander raised $1bn via a non-cumulative Perpetual non-call 6Y (PerpNC6) preferred Tier 1s at a yield of 4.75%, 25bp inside initial guidance of 5% area. The issuance has expected ratings of Ba1 and are callable from (including) November 12, 2026 to (including)...
