Emilio Botin News
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Spanish politicians trying to cushion the blows of austerity plan to seize foreclosed homes to house the needy, discouraging foreign investment and threatening to violate terms of the European bailout of the country’s banks.
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Fernando Alonso said he hoped he lifted the morale of his fellow Spaniards suffering from a six- year economic slump by winning his home Formula One race.
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Banco Santander SA, Spain’s biggest bank, named Javier Marin as chief executive officer, turning to a leader from a younger generation after Alfredo Saenz resigned.
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Banco Santander SA, Spain’s biggest bank, will probably say first-quarter net income declined on lower profit from Brazil and the U.K. and as reduced interest rates squeezed Spanish lending margins.
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Banco Santander SA, Spain’s biggest bank, will maintain its dividend in 2013 as the lender forecasts a “significant” increase in profit after completing a real estate cleanup, Chairman Emilio Botin said.
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Banco Santander SA Chairman Emilio Botin’s pledge to boost capital has stirred the debate over the financial strength of Spain’s largest bank instead of ending it.
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Spain will adopt European recommendations for what constitutes banker “honor,” handing the Bank of Spain the task of deciding whether Banco Santander SA Chief Executive Officer Alfredo Saenz can stay in his job.
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Spain’s National Court plans to investigate Banco Santander SA Chairman Emilio Botin and 11 other members of his family for suspected tax-related crimes involving funds in Switzerland.
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Brazilian President Dilma Rousseff is charting a new course to revive a flagging economy: more listening to investors and fewer unilateral decisions.
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Banco Santander SA Chairman Emilio Botin told shareholders he expects 2010 profit to be “similar” to last year in a rejoinder to investors that ditched Spanish bank stocks on concern the country may fail to fix its finances .
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