Introduction
After discussing Banco Santander (SAN) at the beginning of this year, I wanted to revisit the subject after Santander’s recent quarterly financial results, the updated capital requirements from the regulator and Banco Santander’s attempt to acquire full control over its partly-owned Mexican subsidiary. Plenty of news for a bank that’s trying to [re]position itself as a European leader.
A very decent performance in the first quarter of the year
Despite the fluctuations in the world markets, the trade wars and the general slowdown, Banco Santander’s first quarter results appeared