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gruffydd

25 Of Spain's Banks Downgraded

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Santander is full of $hite.

Edit: they should rename themselves to Banco Gordon

Edited by Von Moses

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The Germans.

Hey ho.

"I saw you coming" in a Harry Enfield antique shop owner voice.

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If Santander goes bust taking a load of UK money with it I say we send some warships down there and annexe Spain to Gibraltar.

What effing warships?

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Santander still confident of making 8 billion profit this year

Wall Street Journal article

Of course if you believed the Santander knockers on here, they'd have gone under last year when the hedge funds "targetted them"! Lol.

Incidentally, I wouldn't take for granted that German banks are 100% safe. Judge each case on its merits (and on facts) not on cultural arrogance.

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From the article....

“However, the moderate downgrade of these banks’ senior ratings reflects our expectation that government support would be forthcoming for these institutions should such support become necessary.â€

Right. :blink:

good job govts. can't be downgraded then isn't it ?

:blink:

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What happens when several small turds combine?

You end up with one almighty pile of shit.

Santander.

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What happens when several small turds combine?

You end up with one almighty pile of shit.

Santander.

LOL

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My wife works at Citibank here in Madrid and today they had a meeting about upcoming redundancies. You know, where they try to scare the crap out of the employees in the hope they find work elsewhere and don't have to take redundancy. Anyway, one of the things that Citibank mentioned was that in the next week or so, 5 or 6 Spanish banks are due to go bust. I've no idea how they are supposed to know, but it'll be interesting to see if it's true.

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My wife works at Citibank here in Madrid and today they had a meeting about upcoming redundancies. You know, where they try to scare the crap out of the employees in the hope they find work elsewhere and don't have to take redundancy. Anyway, one of the things that Citibank mentioned was that in the next week or so, 5 or 6 Spanish banks are due to go bust. I've no idea how they are supposed to know, but it'll be interesting to see if it's true.

:ph34r:

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My wife works at Citibank here in Madrid and today they had a meeting about upcoming redundancies. You know, where they try to scare the crap out of the employees in the hope they find work elsewhere and don't have to take redundancy. Anyway, one of the things that Citibank mentioned was that in the next week or so, 5 or 6 Spanish banks are due to go bust. I've no idea how they are supposed to know, but it'll be interesting to see if it's true.

All pretty hush hush then

Only you your Mrs

All of us

And the rest of the world who know about it

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Santander still confident of making 8 billion profit this year

Wall Street Journal article

Of course if you believed the Santander knockers on here, they'd have gone under last year when the hedge funds "targetted them"! Lol.

Incidentally, I wouldn't take for granted that German banks are 100% safe. Judge each case on its merits (and on facts) not on cultural arrogance.

APRIL 30, 2009

Santander Sticks to View On '09 Profit

But the article is over a month old, a lot can change in a month.

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http://ftalphaville.ft.com/blog/2009/06/15...-spain-edition/

Banco Santander, of “we’re so strong we’re actually going to expand through the crisis†fame, meanwhile, remains under review for possible downgrade.

... but in the meantime:

Santander Raised to ‘Buy’ From ‘Neutral’ at Goldman Sachs

http://www.bloomberg.com/apps/news?pid=con...id=aMQVAXpWxnrA

June 16 (Bloomberg) -- Banco Santander SA, Spain’s largest bank, was raised to “buy†at Goldman Sachs Group Inc., which cited “near-term profit potential stemming from repricing of the U.K. loan book.â€

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My wife works at Citibank here in Madrid and today they had a meeting about upcoming redundancies. You know, where they try to scare the crap out of the employees in the hope they find work elsewhere and don't have to take redundancy. Anyway, one of the things that Citibank mentioned was that in the next week or so, 5 or 6 Spanish banks are due to go bust. I've no idea how they are supposed to know, but it'll be interesting to see if it's true.

Very spooky. :ph34r::ph34r::ph34r:

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Santander will speed up their uk rebranding and cull huge numbers of staff

Just got a letter 'we're changing our name to Santander' - the switchover is underway.

RE: Goldman Sachs. Obviously the US government have decided to give the Spanish a helping hand. Simple as that.

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