by Amruth Sundarkumar | Feb 3, 2022 | Banks
Banco Santander reported its most profitable quarter in 12 years with attributable and underlying profits of €2.3bn, up 5% YoY. Annually, attributable profit stood at €8.1bn vs. €8.8bn loss in 2020. The strong results were driven by a rebound in economic activity,...
by Amruth Sundarkumar | Oct 28, 2021 | Banks
Banco Santander reported a 24% jump net profits to €2.17bn ($2.5bn). Its profits were benefitted by a 12% decrease in loan loss provisions to €2.2bn ($2.6bn) and strong UK and US performance. The Spanish lender’s revenues rose 8% YoY to €11.9bn ($13.8bn)....
by Amruth Sundarkumar | Jul 19, 2021 | Banks
Banco Santander’s US unit has reached an agreement to acquire US fixed-income broker dealer Amherst Pierpont Securities, through the acquisition of its parent, Pierpont Capital Holdings LLC, for ~$600mn. According to Santander, Amherst Pierpont will be a part of...
by bondevalue | Apr 28, 2021 | Financial Institutions
Lloyds reported pre-tax profits of £1.9bn ($2.6bn) in Q1 vs £100mn ($139mn) in the same period last year while revenues fell 7% YoY to £3.7bn ($5.1bn). Profits were boosted with a reduction in provisions with the bank reporting a net impairment credit of £323mn...
