Banco Santander News
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Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.
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Updated 1 hour, 45 minutes ago
U.K. stocks advanced, extending their highest level in 13 years, as Federal Reserve Chairman Ben S. Bernanke said tightening monetary policy too soon would endanger U.S. economic recovery.
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Polish banks and pension funds are keeping borrowing costs elevated for companies by holding their debt to maturity and stifling the development of the corporate bond market, Oaktree Capital Management LLC said.
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Mexico’s attempt to solve the country’s housing shortage by constructing millions of new homes far from city centers has crippled the nation’s homebuilders and fueled record foreclosures. For Antonio Diaz, a former investment banker with Banco Santander SA, it’s an opportunity.
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Most Brazilian stocks dropped as a report forecast to show that job growth stalled last month added to concern that the recovery in Latin America’s biggest economy is faltering.
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Mexico’s IPC index plunged the most among the world’s major stock benchmarks, touching an eight- month low, as concern mounted that growth is slowing in Latin America’s second-biggest economy.
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Brazilian President Dilma Rousseff will have support in Congress to raise taxes on mining companies even as she struggles to win backing from her allies on other key measures, said Antonio Anastasia, governor of Minas Gerais state.
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El Corte Ingles SA hired Morgan Stanley to help restructure about 5 billion euros ($6.4 billion) of debt, according to three people familiar with the matter.
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Record stock sales and a growing economy are helping Poland solidify its position as central Europe’s busiest financial center, even as euro-area neighbors struggle to shake the sovereign-debt crisis.
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U.S. billionaire Wilbur Ross said he will consider investing in Spanish banks amid signs the country is following Ireland in starting “to come to grips” with its financial crisis.
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