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Santander

Santander's asset management arm to launch trade finance fund
Business & Finance

Santander's asset management arm to launch trade finance fund

  • The fund - aimed at institutional and accredited investors - will primarily buy assets created by the banking group's trade finance business in transactions with its large corporate clients, the sources said.
  • The recent collapse of British supply chain finance company Greensill, however, has raised investor concerns on some of the risks involved and in some cases, the sector's lack of transparency.
Published 08 Apr, 2021 08:10pm
Brazil health crisis forces Santander into office retreat
Business & Finance

Brazil health crisis forces Santander into office retreat

  • Santander Brasil's retreat is the latest sign of tension between a corporate eagerness to re-open offices and the growing risk of contagion as Brazil's COVID-19 crisis worsens.
  • "There are no hospital beds left, so banks are sending workers back home," Ivone Silva, head of the bank workers' union in the Sao Paulo region said.
Published 26 Mar, 2021 08:01pm
Aviva pushes back bid deadline for Polish unit over Santander contract
Business & Finance

Aviva pushes back bid deadline for Polish unit over Santander contract

  • Germany's Allianz is also in the race after missing out on Aviva's French business, which was snapped up by mutual insurer Aema Groupe for 3.2 billion euros on Tuesday, the sources said.
  • Aviva, which initially requested binding offers by Feb. 26, needs more time to renegotiate a bancassurance partnership in Poland with Santander, the sources said.
Published 24 Feb, 2021 09:25pm