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spyguy

Botin Dies. Santander's Maxwell Moment?

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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.

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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.

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Here's one:

http://ftalphaville.ft.com/2014/09/26/1984512/46-hours-later/

'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

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More:

http://ftalphaville.ft.com/2014/09/30/1988822/nothing-to-see-at-santander-move-along-now/

'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."'

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