Share |

Santander

Newly appointed Ana Botin shakes up Santander leadership

November 25, 2014

In her first major move since becoming chair, Santander fourth-gen Ana Botin has appointed a new chief executive to lead the family-owned Spanish bank, and made four new appointments to the board.

In her first major move since becoming chair, Santander fourth-gen Ana Botin has appointed a new chief executive to lead the family-owned Spanish bank, and made four new appointments to the board.

Santander considers acquiring remnants of Portugal’s fallen Espirito Santo empire

November 4, 2014

Spanish family-owned banking group Santander has expressed an interest in acquiring Novo Banco, the Portuguese lender introduced to rescue assets from the failed Espirito Santo banking dynasty.

Spanish family-owned banking group Santander has expressed an interest in acquiring Novo Banco, the Portuguese lender introduced to rescue assets from the failed Espirito Santo banking dynasty.

According to Bloomberg, Santander’s chief executive Javier Marin told local reporters that the family firm would consider acquiring Novo Banco once a forthcoming audit gave a clearer picture of its current standing.

Santander chairman Emilio Botin dies of heart attack, aged 79

September 10, 2014

Third-gen chairman of Santander Emilio Botin has died of a heart attack on Tuesday, at the age of 79 – with the board set to decide on a successor to the iconic Spanish businessman as early as this afternoon.

Botin is credited with turning the domestic bank into the eurozone’s largest lender – something that would shield the family business from Spain’s future economic woes.

He was still actively involved in the family business right up to his death, reportedly even scrutinizing individual loans made through the lender.

Tax case against Santander’s Botin family dropped

May 23, 2012

A Spanish court has dropped an investigation into the country’s prominent Botin family almost a year after allegations of tax evasion first hit the headlines.

According to the Spanish national court, Banco Santander’s chairman Emilio Botin, his brother Jaime and 10 of their children have resolved the tax situation in a way “that can be considered correct and true”.

Santander’s Botin family faces tax fraud allegations

June 17, 2011

The family behind Spain’s banking group Banco Santander has denied wrongdoing after being accused of alleged tax fraud by the country’s national court.

According to reports, Santander chairman Emilio Botin and his daughter Ana Patricia Botin are under investigation, along with 11 other family members, for potential unpaid taxes. The Spanish court said that the alleged tax fraud, to the tune of around €120,000, occurred at the Botin family’s deposits at HSBC’s Swiss private bank.

Botin family to launch an IPO

March 8, 2011

Banking group Banco Santander, managed by the Botin family for 115 years, is to launch an initial public offering of its UK unit sometime in the second half of 2011, said the bank.

Ana Patricia Botin, daughter of chairman Emilio Botin, is to oversee the IPO. She took over as chief executive of Santander UK in December last year, following the exit of former head Antonio Horta-Osorio.

Santander, the Botín family and the Madoff scandal

January 13, 2009

Banco Santander is allegedly set to face an investigation by Spanish prosecutors into how the family-controlled bank lost more than €2.3 billion of its clients’ money with Bernard Madoff, the disgraced American fund manager.

Banco Santander is allegedly set to face an investigation by Spanish prosecutors into how the family-controlled bank lost more than €2.3 billion of its clients' money with Bernard Madoff, the disgraced American fund manager.

The Wall Street Journal is reporting that the authorities want to know "the details of Santander's relationship with Madoff's firm and when Santander knew about problems related to it."