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The magic balance sheet of Santander.



 
 
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  #1  
Old June 5th 10, 08:57 PM posted to uk.finance
fvw
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Posts: 5
Default The magic balance sheet of Santander.

Where has Santander found the funds to hoover up so much of British
banking? They are also busy buying up retail bank networks in
Germany and no doubt other countries.

There's very little commentary on this in the British financial press
- possibly because not a lot of Spanish is spoken or understood there.

So is Santander an Hispanic Kaupthing - i.e. a bubble waiting to
burst? Or do they get attractive tax breaks from the Spanish
government for purposes of expansion? Or are they simply a very very
very successful bank - one of the best in the world?

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  #2  
Old June 6th 10, 08:59 AM posted to uk.finance
Fergus O'Rourke[_2_]
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Posts: 38
Default The magic balance sheet of Santander.

"fvw" wrote in message
...
Where has Santander found the funds to hoover up so much of British
banking? They are also busy buying up retail bank networks in
Germany and no doubt other countries.

[snip]

Do they buy with cash or with shares ?


--
FERGUS O'ROURKE
www.twitter.com/ubfid
www.irish-lawyer.com
(Not just law stuff)


 




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