City Santander Financial News

In an interview with Forbes on Sunday, El Salvador's Vice-President Ulloa credited the nation's recent economic resurgence to its adoption of Bitcoin as legal tender.

The digital bank's customers will not be able to make crypto transactions using their debit cards or via outgoing bank transfers starting mid-October. "Customers will receive a declined transaction notification if they do attempt to make a crypto-related transaction," a spokesperson for the firm confirmed on Tuesday.

(Reuters) — Coty (NYSE:COTY) has submitted an application for dual listing of its shares on the Paris Stock Exchange, the company said on Monday, as the CoverGirl cosmetics parent looks to tap into European investor interest.

UBS might have put more and more people Credit Suisse people on the chopping block, but that doesn’t mean there isn’t room for fresh faces in the right departments. New people are joining just fine.

Santander isn't only hiringsenior investment bankers from Credit Suisse. It's also hiring senior rates sales professionals from Goldman Sachs.

The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follows a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.

(Reuters) — Mexican telecommunications giant America Movil (NYSE:AMX) is looking to increase the percentage of its debt held in pesos, Chief Financial Officer Carlos Garcia Moreno said on Wednesday.

The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follow a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of a an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.

Binance, the largest cryptocurrency exchange has removed Banco de Venezuela as a payment option in its peer-to-peer services in the country.

The world's largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to fall in line with international financial sanctions.

MeToo movement's emphasis on gender equality and respect, the Spanish government has initiated legal proceedings against Luis Rubiales, the president of the football federation. The action follows his controversial kiss on World Cup star Jenni Hermoso's lips after Spain's Women's World Cup final victory over England.

By Isla Binnie and Andres Gonzalez

The Financial Conduct Authority

By Huw Jones

Spanish private bank A&G has launched Spain’s first locally regulated crypto hedge fund, the firm announced this week.

A senior Credit Suisse dealmaker who only joined the Swiss bank last year has quit to join Santander in another exit to the Spanish lender.

SAO PAULO (Reuters) -Brazilian lender Santander Brasil on Wednesday reported higher second-quarter net profit on a sequential basis but saw its results weigh on group performance as they remained well below last year's levels.

The leading Spanish private bank A&G has launched a crypto investment fund offering, in a sign adoption is continuing to rise in the European nation.

Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc.

PURGE," accompanied by a music video directed by Jensen Noen, known for his work with Ice Nine Kills and Falling In Reverse. Alongside the release, the band has also announced a co-headlining tour with Ice Nine Kills. The song is part of their upcoming eighth studio album, GODMODE, set to be released on October 27 this year.

Santander is hiring dealmakers from Wall Street and European rivals in London as the Spanish lender increases its ambitions in investment banking.