6.06 0.00 (0.00%)
After hours: 4:40PM EDT
|Bid||6.02 x 1200|
|Ask||6.10 x 1000|
|Day's Range||6.00 - 6.07|
|52 Week Range||6.00 - 7.57|
|PE Ratio (TTM)||12.22|
|Earnings Date||Jan 25, 2017 - Feb 1, 2017|
|Forward Dividend & Yield||0.29 (4.48%)|
|1y Target Est||7.62|
Banco Santander's solid performance in its main market Brazil helped the euro zone's largest bank by market value produce a slightly better-than-expected 10 percent rise in first quarter net profit, offsetting weakness in its UK business. Silvia Antonioli reports.
Investing.com - Amid the uncertainty of the cryptocurrency slump, comes the certainty of blockchain technology.The launch of Banco Santander (MC:SAN)'s Ripple-based international money transfer payment service shows both the commercial viability and transformational power of blockchain distributed ledger technology.The service, called Santander One Pay FX, facilitates same-day currency exchange for retail customers in four countries --Spain, the UK, Brazil and Poland. The simultaneous, multiple country launch is the first of its kind. The smartphone app service will be expanded to other countries in the coming months. A payment app developed by Ripple and a consortium of Japanese banks is scheduled to launch in the fall.Ripple is also partnering with a number of other financial firms, including American Express (NYSE:AXP) and UBS.
Stock Research Monitor: LYG, RBS, and UBS LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want a free Stock Review on SAN sign up now at www.wallstequities.com/registration . Today's attention is redirected ...
BOSTON , May 4, 2018 /PRNewswire/ -- Santander Bank today announced the donation of nearly $1.1 million in grants to more than 16 mission-driven non-profit organizations throughout its footprint that support ...
New financial investment will support development and training of entrepreneurs in Latin America and New York City NEW YORK , May 1, 2018 /PRNewswire/ -- Columbia Business School announced today that Santander ...
BOSTON, April 30, 2018 /PRNewswire/ -- Santander Bank, N.A. today announced that it has earned an upgraded Community Reinvestment Act (CRA) overall rating of "Satisfactory" from the Office of the Comptroller of the Currency (OCC) for the 2014 – 2016 CRA performance exam period, including "High Satisfactory" ratings on all three CRA tests: Lending, Investment and Service. This new rating makes it easier for Santander to open additional branches within its eight-state northeast footprint and will remove limitations on accepting public deposits. "When the communities in which we live and work prosper, Santander prospers.
BOSTON, April 25, 2018 /PRNewswire/ -- Santander Bank's content-driven website Business First has earned three 2018 Internet Advertising Competition Awards from the Web Marketing Association (WMA) for 'Best Bank Website, Best Financial Services Website, and Best Small Business Website.' Designed specifically for its Business Banking customers, Business First has successfully captured the attention of a busy audience with practical tips and stories of innovation and perseverance paired with compelling imagery that depicts personal achievement and satisfaction.
Banco Santander is launching a new international payments service, dubbed “OnePay FX,” based on blockchain technology. The service is available to retail customers in Spain, U.K., Brazil and Poland, and will be rolled out across more countries in the coming months. The OnePay FX app is available from the App Store for iOS devices.Banco Santander is one of the world’s largest banks with 133 million customers, 13,700 branches and 200,000 employees. With the launch of OnePay FX, Santander will become the first bank to offer a blockchain-based international payments service to retail customers in multiple countries simultaneously. The bank intends to make OnePay FX significantly faster than existing international payment services and to introduce instant international payments in other countries, besides the four countries supported at this moment, before the summer.“Transfers to Europe can be made on the same day and we are aiming to deliver instant transfers across several markets by the summer,” said Ana Botín, Executive Chairman of Banco Santander. “Our goal is to help the thousands of people who use international payments services every day, and we will be adding more currencies and destinations in the coming months.”Botín told the Financial Times that she was particularly keen to encourage the project — which took two years to develop — after seeing her son using a rival service to rapidly transfer money into Spain, adding that the Santander group aims to eventually make OnePay FX available as a standalone app that could be used by customers at other banks.OnePay FX is built on xCurrent, Ripple’s enterprise software solution for cross-border interbank payments with end-to-end tracking. The xCurrent platform allows banks to message each other in real-time to confirm payment details before initiating a transaction, and to confirm delivery once it settles.With xCurrent, Ripple wants to offer a flexible, real-time, cross-currency settlement solution that enables banks to differentiate themselves by offering new cross-border payments services while lowering their total cost of settlement. “The solution is specifically designed to meet the needs of banks by fitting within their existing risk, compliance and information security frameworks,” notes a Ripple solution outline. “Ripple’s software is installed within the bank’s infrastructure and is built to interface with the bank’s systems.”“Ripple’s products, including xCurrent, help financial institutions across the globe enhance their customer experience by making the global movement of money more fluid,” said senior Ripple VP Marcus Treacher. “With OnePay FX, Santander customers in can now send payments across borders in a fast and simple way.”xCurrent, is built around an open, neutral protocol, Interledger Protocol (ILP), which enables interoperation between different ledgers and networks. According to Ripple, xCurrent offers a cryptographically secure, end-to-end payment flow with transaction immutability and information redundancy. “OnePay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally — offering value, transparency, and the trust and service customers expect from a bank like Santander,” continued Botín. “From today, customers in the U.K. can use OnePay to transfer money across Europe and to the U.S. In Spain, customers can transfer to the U.K. and U.S., while customers in Brazil and Poland can transfer to the U.K.”In a 2015 paper titled “The Fintech 2.0 Paper: Rebooting financial services,” Santander Innoventures, the $200 million fintech venture capital fund of Santander Group, issued “a call to action to banks, financial institutions and financial technology (fintech) businesses to work together to undertake a fundamental ‘reboot’ of the core processes, systems and infrastructure of the banking industry.”Santander Innoventures is an investor in Ripple. “Santander has long been an advocate for modernizing banking infrastructure,” said Mariano Belinky, managing partner of Santander InnoVentures, commenting on the announcement of the fund’s investment in Ripple. “We believe Ripple possesses the talent, technology and momentum to address many of these scenarios.” In a 2016 pilot project, Santander U.K. tested Ripple’s blockchain technology for international payments. The iOS app used in the pilot project worked in connection with Apple Pay.“Blockchain technology offers tremendous opportunities to improve the services we offer our customers, and the launch of Santander OnePay FX is the first of many potential applications,” concluded Botín. According to Ripple, frictions in global payments will be eliminated as more financial institutions like Santander adopt and build upon Ripple solutions. This article originally appeared on Bitcoin Magazine.
SAN JUAN, Puerto Rico, April 12, 2018 /PRNewswire/ -- Quetglas Law Offices, P.S.C. ("QLO") announced that on April 9, 2018 , it filed an amended securities class action lawsuit on behalf of Jorge ...
Santander said it is the first cross-border payments service using blockchain to be made by a bank.
Santander said it is the first cross-border payments service using blockchain to be made by a bank.
NEW YORK, April 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
BOSTON , April 3, 2018 /PRNewswire/ -- Santander Holdings USA , Inc. (SHUSA), parent company of Santander Bank , N.A., announced today that its Board of Directors declared a dividend on SHUSA's Preferred ...
THOUGHT LEADERS CONVENE TO PROMOTE RESPONSIBLE AND SUSTAINABLE ACCESS TO FINANCIAL PRODUCTS AND SERVICES IN THE U.S. AND DEVELOPING COUNTRIES WASHINGTON , March 28, 2018 /PRNewswire/ -- On April 4 , 2018, ...
Cryptocurrencies have struggled the past couple of days as a short-term downturn has picked up momentum after stability in the crypto marketplace earlier this week.
Real-Time Survey Reveals that 65% of Business Leaders Believe Rhode Island's Economy Will Be in Better Shape in Next 12 Months PROVIDENCE, R.I. , March 21, 2018 /PRNewswire/ -- Santander Bank and the Greater ...
BOSTON , March 21, 2018 /PRNewswire/ -- Santander Bank announced today it has raised its prime rate from 4.50% to 4.75 %, effective March 21, 2018 . Santander Bank , N.A . is one of the country's largest ...
NEW YORK, March 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
It’s been a strong week in the biotechnology space for drug approvals, with a number of companies putting out positive responses from the FDA relating to various drug development programs. The latest to hit press relates to Eli Lilly and Company (NYSE:LLY) and, specifically, a drug called Verzenio (abemaciclib). Eli was trying to get this […] The post Large and Small: Here’s What’s Moving Eli Lilly and Zosano appeared first on Market Exclusive.
BOSTON, Feb. 15, 2018 /PRNewswire/ -- Santander Holdings USA, Inc. ("SHUSA" or the "Company") today announced the pricing of its previously announced cash tender offer (the "Offer") for up to $400,000,000 ("Maximum Amount") in aggregate principal amount of its 3.450% Senior Notes due 2018 (the "2018 Notes") and 2.700% Senior Notes due 2019 (the "2019 Notes" and, together with the 2018 Notes, the "Notes"). The Offer is made upon the terms and subject to the conditions set forth in the Offer to Purchase dated February 1, 2018 (as it may be amended or supplemented from time to time, the "Offer to Purchase"). Consummation of the Offer is subject to certain conditions described in the Offer to Purchase. As previously announced, the Early Participation Date for the Offer was 5:00 p.m., New York City time, on February 14, 2018 (the "Early Participation Date").
BOSTON, Feb. 15, 2018 /PRNewswire/ -- Santander Holdings USA, Inc. ("SHUSA" or the "Company") today announced results as of the Early Participation Date (as defined below) for its previously announced cash tender offer (the "Offer") for up to $400,000,000 ("Maximum Amount") in aggregate principal amount of its 3.450% Senior Notes due 2018 (the "2018 Notes") and 2.700% Senior Notes due 2019 (the "2019 Notes" and, together with the 2018 Notes, the "Notes"). The Offer is made upon the terms and subject to the conditions set forth in the Offer to Purchase dated February 1, 2018 (as it may be amended or supplemented from time to time, the "Offer to Purchase"). Consummation of the Offer is subject to certain conditions as described in the Offer to Purchase. As previously announced, the Early Participation Date for the Offer was 5:00 p.m., New York City time, on February 14, 2018 (the "Early Participation Date").