$SAN
Banco Santander S.A.
PRICE
$3.57 ▲1.133%
Extented Hours
VOLUME
8,283,534
DAY RANGE
3.4901 - 3.56
52 WEEK
2.21 - 4.09
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@PMTTRADER #pmttrader
**La 14ème banque américaine qui est en difficulté.** Pour **First Republic Bank**, c'est assez compliqué. En effet, Jamie Dimon et Janet Yellen étaient en conversation téléphonique mardi, lorsque cette dernière a lancé une idée : Et si les plus grands prêteurs du pays déposaient des milliards de dollars dans la First Republic Bank. Dimon était partant, et le directeur général de JPMorgan Chase & Co. n'a pas tardé à prendre contact avec les dirigeants des trois plus grands prêteurs américains suivants : ** Bank of America Corp**, **Citigroup Inc.** et **Wells Fargo & Co**. Tout au long du mois, les géants bancaires du pays ont recueilli les dépôts de clients nerveux de plus petites entreprises. Aujourd'hui, ces mastodontes vont prendre une partie de leur propre argent et le donner à une banque de San Francisco en détresse, en essayant d'enrayer une crise de plus en plus grave. Donc encore une fois un "GROS POISSON" viendra au secours d'un plus petit... **À votre avis, les marchés réagiront comment lundi si cela empire ? 😉 Le $ ? Les valeurs refuges ? ...** Pour revenir sur le Crédit Suisse, une catégorie d'obligations de Credit Suisse Group AG avertit que l'aide de 50 milliards de CHF de la banque centrale suisse (BNS) pourrait ne pas suffire à stabiliser la situation. Les investisseurs restent donc très inquiets et cela ne risque donc pas de s'arranger durant le week-end. Surveillez bien ce qui se passera durant le week-end mais comme d'habitude je vous tiendrais au courant 😄 Bon week-end à tous 🔥
77 Replies 14 👍 6 🔥
@trademaster #TradeHouses
By Pete Schroeder, Tom Westbrook and Scott Murdoch
(Reuters) - A $30 billion lifeline for First Republic Bank (NYSE:FRC) hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S. lender's shares showed investors were still worried about cracks in the sector.
Large U.S. banks injected the funds into San Francisco-based bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week.
The deal was put together by top power brokers including U.S. Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase CEO Jamie Dimon, who had discussed the package this week, according to a source familiar with the situation.
The package came less than a day after Swiss bank Credit Suisse clinched an emergency central bank loan of up to $54 billion to shore up its liquidity.
Those deals helped restore calm to global markets on Thursday and Friday, following a torrid week for banking stocks.
However, while First Republic's stock closed up 10% on news of the rescue, its shares fell 18% in after-market trading after the bank said it would suspend its dividend and disclosed its cash position and just how much emergency liquidity it needed.
Analysts says authorities appear eager to quickly deal with systemic risks, but worry the potential for a banking crisis is far from over.
"They will keep the money in First Republic to keep it alive for self interest ... to stop the run on banks. Then they will take it away gradually and the bank will play out a slow death," said Mathan Somasundaram, founder at research firm Deep Data Analytics in Sydney.
"Yellen was clear overnight that all bank deposits were protected, but the bank might not be there," he said.
Some of the biggest U.S. banking names including JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), Wells Fargo (NYSE:WFC) & Co, Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) were involved in the rescue, according to a statement from the banks.
While the support has prevented an imminent collapse, investors were startled by late disclosures about First Republic's cash position, even after the injection, and just how much it and others leaned on the Fed this month for support.
Data on Thursday showed banks in the United States sought record amounts of emergency liquidity from the Fed in recent days, driving up the size of the central bank's balance sheet after months of contraction.
More broadly, worries about contagion risks persist.
"I don't think we are in the crux of a global financial crisis. Balance sheets are much better than they were in 2008, banks are better regulated," said Karen Jorritsma, head of Australian equities, RBC Capital Markets. "But people are concerned that the contagion risk is real, and that rattles confidence."
LESSONS FROM 2008
For now, authorities are confident the banking system is resilient and have tried to emphasise that the current turmoil is different to the global financial crisis 15 years ago as banks are better capitalised and funds more easily available.
On Thursday, the European Central Bank pressed forward with a 50-basis-point rate hike, arguing that euro zone banks were in good shape and that if anything, the move to higher rates should bolster their margins.
Focus now swings to the Fed's policy decision next week and whether it will stick with its aggressive interest rate hikes as it seeks to get inflation under control.
In Asia, Singapore, Australia and New Zealand said they were monitoring financial markets but were confident their local banks were well capitalised and able to withstand major shocks.
Japan's finance ministry, financial regulator and central bank said they would meet on Friday to discuss financial market developments.
Banking stocks globally have been battered since Silicon Valley Bank collapsed last week due to bond-related losses that piled up when interest rates surged last year, raising questions about what else might be lurking in the wider banking system.
Within days, the market turmoil had ensnared Credit Suisse, forcing it to borrow from Switzerland's central bank.
By Thursday, the spotlight whipsawed back to the United States as big banks shored up support for First Republic, a regional lender. Its shares have dropped more than 70% since March 6.
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Credit Suisse became the first major global bank to take up an emergency lifeline since the 2008 financial crisis as fears of contagion swept the banking sector and raised doubts over whether central banks will be able to sustain aggressive rate hikes to rein in inflation.
Rapidly rising rates have made it harder for some businesses to pay back or service loans, increasing the chances of losses for lenders already worried about a recession.
Credit Suisse shares closed 19% higher on Thursday, recovering some of their 25% fall on Wednesday. Since March 8, European banks have lost around $165 billion in market value, Refinitiv data shows.
47 Replies 11 👍 9 🔥
@Cris.easyMarkets #decarolis
BREAKING: Silicon Valley Bank Was The Largest Banking Failure Since The Global Financial Crisis In 2008 - Here Are The Latest Developments 🚨 Here are updates since my last posts (that I will link down below in the comments): • The bottom line of why they collapsed was because they had poor risk-management. Instead of just buying short-dated T-bills or depositing with the Federal Reserve they bought long-duration fixed-income securities. This caused an asset-liability mismatch —> liquidity issues —> bank run —> collapse. • They then failed to manage their interest-rate risk by simply not hedging their exposure at all, they had $120 billion worth of securities. When interest rates went up they took a massive $1.8 billion loss on their available-for-sale (AFS) bond portfolio. They had $80 billion in bonds with an average yield of 1.5%. This is criminal risk-management but this is also a massive regulatory failure. • It’s highly unlikely this spreads to the biggest banks. SVB collapsed because they had the highest-risk deposit base along with the lowest bank-loan to deposit ratio among U.S banking peers. The big banks are in way better shape than 2008 due to regulation and capital buffers. They actually stand to ‘benefit’ from this by taking market share. • Nearly half of all US venture capital-backed startups did indeed hold banking relationships with SVB. Garry Tan the CEO of Y Combinator called the fallout an "extinction level event for startups". "These depositors will not survive weeks or months without some sort of plan from the govt." • Over 95% of SVB's deposits are NOT insured by the FDIC (due to being over the $250,000 limit). That is over $160 billion in uninsured customer deposits. This is awful for early-stage companies that were simply just looking for somewhere to hold their cash for operations. Now for the ‘interesting’ stuff: • Just days before the collapse, executives sold millions of dollars of stock: Gregory Becker, CEO sold 11%, Michael Zucker, General Counsel - 19%, Daniel Beck, CFO - 32%, Michelle Draper, CMO - 25% • Unbelievably their Chief Administrative Officer was the CFO of Lehman Brothers' when it collapsed. They also went months without a Chief Risk Officer. Yes, really. • Silicon Valley Bank was hailed as one of ‘America’s Best Banks’ by Forbes magazine just about a month ago. They ranked 20th out of 100. • It’s now quite likely that a big bank buys them up next week. Elon Musk even said he’s open to the idea of buying them. • SVB’s CEO was on the San Francisco Federal Reserve’s Board, he’s not anymore for pretty obvious reasons. The massive debate now is around whether the should get bailed out by the Fed or not. This has massive implications for the depositors which are companies and major VC’s in Silicon Valley.
142 Replies 8 👍 6 🔥
@Alpha #decarolis
Buongiorno TZ 🙂 Lago di Castreccioni MC le "nuvole come piume" sul monte San Vicino.
144 Replies 14 👍 10 🔥
@Alpha #decarolis
Buongiorno TZ 🙂 Con i colori, bellissimi, del romantico tramonto di ieri, auguro un buon San Valentino a tutti gli innamorati. "Siate sempre "indivisibili" come una barca a due alberi!"
72 Replies 9 👍 14 🔥
@Alpha #decarolis
Buongiorno TZ 🙂 San Vittore di Genga AN il ponte "romano" e la torre "romanica", proprio una bella coppia.
73 Replies 14 👍 13 🔥
@licinius #droscrew
serg and Larry will soon be camping under San francisco overpass. defecating on the sidewalk if this continues
58 Replies 7 👍 12 🔥
@Alpha #decarolis
Buongiorno TZ 🙂 San Leo RM nel Montefeltro, sino a qualche anno fa in provincia di PU, con il suo granitico forte. Sul possente masso calcareo, dalle pareti scoscese, perpendicolari al suolo, costituisci una fortezza naturale, ora resa più poetica dalla candida neve. Qui trasudano da ogni sasso la storia e la cultura d'Italia, di cui per pochi, prima dell'anno mille, San Leo fu anche capitale.
147 Replies 14 👍 8 🔥
@Alpha #decarolis
Buongiorno TZ 🙂 Ancona sommità del Colle Guasco, la basilica cattedrale di San Ciriaco e il palazzo arcivescovile e il campanile a lato, elevano lo spirito alle cose alte e sublimi.
97 Replies 6 👍 13 🔥
Key Metrics
Market Cap
56.77 B
Beta
1.09
Avg. Volume
7.67 M
Shares Outstanding
16.45 B
Yield
3.20%
Public Float
0
Next Earnings Date
2023-04-25
Next Dividend Date
2023-04-27
Company Information
Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world.
CEO: Jose Alvarez
Website: https://www.santander.com/
HQ: Ciudad Grupo Santander Boadilla Del Monte, 28660 Madrid
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