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AP VIA GOOGLE NEWS/
Abu Dhabi's investment fund, Aabar Investments, said it bought $328 million of Spain's Banco Santander's recent $8.1 billion Brasil branch public offering.
Showing posts with label Banco Santander. Show all posts
Showing posts with label Banco Santander. Show all posts
11 October 2009
26 August 2009
Santander Picks Mexican Stocks As Best Future Performers.
BLOOMBERG.
Mexican stocks were upgraded to “overweight” by Banco Santander SA saying that its economy will recover faster than others in the region.
“Mexico is now our favorite among the three largest markets of the region,” Cristian Moreno, a New York-based strategist for Spain’s biggest bank, wrote in a report. “Confidence in Mexico should increase going forward, with the economy posting the strongest improvement in Latin America.”
Santander follows JPMorgan Chase & Co. in recommending Mexico over Brasil, predicting Latin America’s second-largest economy will grow 2.3 percent next year after a 6.5 percent contraction in 2009.
Mexican stocks were upgraded to “overweight” by Banco Santander SA saying that its economy will recover faster than others in the region.
“Mexico is now our favorite among the three largest markets of the region,” Cristian Moreno, a New York-based strategist for Spain’s biggest bank, wrote in a report. “Confidence in Mexico should increase going forward, with the economy posting the strongest improvement in Latin America.”
Santander follows JPMorgan Chase & Co. in recommending Mexico over Brasil, predicting Latin America’s second-largest economy will grow 2.3 percent next year after a 6.5 percent contraction in 2009.
05 July 2009
Chavez Completes Takeover of Banco de Venezuela.
The Venezuelan government has completed the takeover of the nation's third largest bank, Banco de Venezuela, from Spain's Grupo Santander for $1.05 billion.
The state will now control 21% of the country's total deposits.
The state will now control 21% of the country's total deposits.
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