Jump to content
House Price Crash Forum
Sign in to follow this  

Botin Dies. Santander's Maxwell Moment?

Recommended Posts

Aggressive, controlling patriach at the head of an aggressive company with extreme organisational nepotism and a less than transparent balance sheet/accounts.

Lets see how it pans out.

Share this post

Link to post
Share on other sites

How the banker from Santander banker took the small domestic Santander Bank and converted it into the Eurozone's largest bank.

One of Botin's major plays involved an extremely complicated and swiftly executed deal. Santander bought the Italian bank Antonveneta in 2007 and promptly sold it within several days to its rival Banca Monte dei Paschi di Siena. Banco Santander made a 50% profit on this deal, and avoided ownership of an Italian bank during the global financial crisis.

Share this post

Link to post
Share on other sites

Here's one:


'But here’s a European-related question for openers: Did we know that, as recently as 2012, Goldman was warehousing Santander’s shareholding in its Brazilian subsidiary so that it could scrape through EBA capital requirements?'

From the horses mouth http://www.thisamericanlife.org/radio-archives/episode/536/the-secret-recordings-of-carmen-segarra

Thats not the shocking part for me, 17.39 in is the most worrying part for me ,I have always thought the fed had known what was coming in 2008 but apparently not

Edited by long time lurking

Share this post

Link to post
Share on other sites



'A very good bank analyst once described covering Santander to me like this:

"Santander is like the Matrix. Every once in a while there's a glitch, a shimmer, and you can see it for what it really is. Then the system starts up again and it's gone."'

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.