Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted May 14, 2010 Share Posted May 14, 2010 http://ftalphaville.ft.com/blog/2010/05/14/232051/equities-and-cds-also-eurotrashed/ a 10.6 per cent drop in Santander stock: Quote Link to comment Share on other sites More sharing options...
200p Posted May 14, 2010 Share Posted May 14, 2010 Santander is a barometer of the health of Spain, some say. Somethings brewing. Another EU bailout required? Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted May 14, 2010 Author Share Posted May 14, 2010 It's not possible. If the Euro goes, so do we. Bloody awful situation. Quote Link to comment Share on other sites More sharing options...
johnny5thumbs Posted May 14, 2010 Share Posted May 14, 2010 http://ftalphaville.ft.com/blog/2010/05/14/232051/equities-and-cds-also-eurotrashed/ a 10.6 per cent drop in Santander stock: Well - if Ibex came off 7.5%, you'd expect their banking sector to underperform the index. Uk banks underperformed FTSE by an even greater margin this week. (Not that I'm bullish about Santander ..) Quote Link to comment Share on other sites More sharing options...
eejit Posted May 14, 2010 Share Posted May 14, 2010 (edited) http://ftalphaville.ft.com/blog/2010/05/14/232051/equities-and-cds-also-eurotrashed/ a 10.6 per cent drop in Santander stock: it was €7.7 last friday Edited May 14, 2010 by eejit Quote Link to comment Share on other sites More sharing options...
Game_Over Posted May 14, 2010 Share Posted May 14, 2010 It's not possible. If the Euro goes, so do we. Bloody awful situation. No we don't. Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted May 14, 2010 Share Posted May 14, 2010 I read somewhere that Santander, with it's acquisitions in the UK, is responsible for 1 of every 2 new mortgages in the UK. Expanded too fast, house of cards. Check the InterAlpha Group...Brazil Rothschild connection... Speculation that Santander has been kept afloat by the Brazilian carry trade; maybe the currency collapse has done them in... Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted May 14, 2010 Author Share Posted May 14, 2010 I agree Toto - there are extreme implications for the UK mortgage market. If that's the kind of recovery a trillion dollar intervention buys, they should simply give up, sit back and enjoy the show... Quote Link to comment Share on other sites More sharing options...
deflation Posted May 14, 2010 Share Posted May 14, 2010 (edited) I read somewhere that Santander, with it's acquisitions in the UK, is responsible for 1 of every 2 new mortgages in the UK. Very possibly: United Kingdom Santander UK Alliance & Leicester Cahoot Cater Allen Private Bank Santander Cards UK Santander Consumer (UK) plc Santander Totta Also, "on the 11th January 2010 Abbey National plc, which included the Bradford & Bingley savings business, changed its name to Santander UK plc. We now operate under the brand name of Santander" I took out that cash ISA paying 2.7% above BoE base. Well under the limit so OK, unless all the banks go of course. Edited May 14, 2010 by deflation Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted May 14, 2010 Author Share Posted May 14, 2010 Good luck with that Quote Link to comment Share on other sites More sharing options...
Game_Over Posted May 14, 2010 Share Posted May 14, 2010 The Euro is finished, inflation and interest rates are going up and house prices are coming down. Surely all this is obvious? Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted May 14, 2010 Author Share Posted May 14, 2010 How many concurrent stresses can the system take? Quote Link to comment Share on other sites More sharing options...
DisQ Posted May 14, 2010 Share Posted May 14, 2010 I read somewhere that Santander, with it's acquisitions in the UK, is responsible for 1 of every 2 new mortgages in the UK. Expanded too fast, house of cards. Check the InterAlpha Group...Brazil Rothschild connection... Speculation that Santander has been kept afloat by the Brazilian carry trade; maybe the currency collapse has done them in... Yes, it may well be true! the myth of Santander stability evoprates fast. its coming this way sooner than many realise. exciting!!! popcorn ready. Quote Link to comment Share on other sites More sharing options...
Guest spp Posted May 14, 2010 Share Posted May 14, 2010 Santander... Quote Link to comment Share on other sites More sharing options...
rented Posted May 14, 2010 Share Posted May 14, 2010 (edited) Deleted Edited May 14, 2010 by rented Quote Link to comment Share on other sites More sharing options...
SOS_Crewed Posted May 14, 2010 Share Posted May 14, 2010 Hi, Finally found a house to buy, priced to sell in the area we wanted, Santander have given us 4.5% fixed for 5 years! Being the Bear, I think after 5 years the dust will start to settle from the upcoming fallout! Quote Link to comment Share on other sites More sharing options...
non frog Posted May 14, 2010 Share Posted May 14, 2010 The Euro is finished, inflation and interest rates are going up and house prices are coming down. ..... Are you really stupid enough to believe that and still think the UK will survive? You must be more insane than the loony in your avatar Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted May 14, 2010 Author Share Posted May 14, 2010 (edited) That lunatic lady has a great deal to answer for! Edited May 14, 2010 by gruffydd Quote Link to comment Share on other sites More sharing options...
scepticus Posted May 14, 2010 Share Posted May 14, 2010 It's not possible. If the Euro goes, so do we. Bloody awful situation. nonsense. whare's all the money going to go? it might get choppy for a bit but the EU+UK is far and away thel argest economic block on the planet. so, where's the money going to go? Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted May 14, 2010 Share Posted May 14, 2010 Cracks appearing in the 'San-tandereas fault' ? Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted May 14, 2010 Share Posted May 14, 2010 http://ftalphaville.ft.com/blog/2010/05/14/232051/equities-and-cds-also-eurotrashed/ a 10.6 per cent drop in Santander stock: Finally the true state of that bank is coming out? Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted May 15, 2010 Share Posted May 15, 2010 Finally the true state of that bank is coming out? That it's continued to make 8-9 billion profit regularly over the last couple of years, while at the same time UK banks have needed 100s of billions bail-outs? Optobear has a good quote on this: Santander has grown prodigiously over the last ten years to become one of the world's largest and safest banks, despite this being through a period where banking practises worldwide have led to massive failures across the world. The Spanish banking, legal and property systems are bywords for integrity and regularly vie with Switzerland's reputation in terms of having a faultless record.On a different and entirely unrelated subject, everything you write on this website is public, and your identity can be found out through legal process. Now your question was? To be fair I'm not in the position of having over 35k (or is it 50k now) worth of savings. If I did I'm certain I wouldn't keep them with the same bank Quote Link to comment Share on other sites More sharing options...
Errol Posted May 15, 2010 Share Posted May 15, 2010 That it's continued to make 8-9 billion profit regularly over the last couple of years, while at the same time UK banks have needed 100s of billions bail-outs? So it hasn't made use of any ECB loans or other assistance? It marks all assets to the true value every day? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 15, 2010 Share Posted May 15, 2010 Yes, it may well be true! the myth of Santander stability evoprates fast. its coming this way sooner than many realise. exciting!!! popcorn ready. banks are like sharks...sharks need to keep moving to breath, banks need to keep lending to survive. Santander is lending where is can. people stop borrowing, Santander dies...same as any other bank. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 15, 2010 Share Posted May 15, 2010 It was all because Spain reported negative core cpi on Friday. Fears of deflation and fiscal consolidation on end demand and servicability of large private sector debts. That would affect bank balance sheets and solvency. you mean liquidity...of course you do. Quote Link to comment Share on other sites More sharing options...
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