Banco Santander SA Chief Executive Officer Alfredo Saenz and Chairman Emilio Botin may be grilled by investors over the next two days on whether Spain’s biggest bank needs more capital as a surge in bad loans curbs profit.
U.S. stocks fell the most in three weeks along with European equities as the World Bank cut its global growth forecast. Treasuries pared gains after a 10-year notes auction while wheat entered a bear market.
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA sustained profits through the credit crisis and earned a combined 3.5 billion euros ($4.5 billion) in the first quarter. That hasn’t stopped investors from punishing their shares as Greece’s debt crisis threatens Spain.