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20.10.25 - 23:06
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Santander Lined Up to Help First Brands for Months Before Demise (Bloomberg)
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When First Brands Group tried to refinance about $6 billion of debt over the summer, the auto-parts supplier lined up Banco Santander SA to work with Jefferies Financial Group Inc. on the deal, according to people with knowledge of the matter, before it was shelved following investor concern....
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14.10.25 - 23:18
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KBRA Assigns Preliminary Ratings to Santander Mortgage Asset Receivable Trust 2025-CES1 (SAN 2025-CES1) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to eight classes of mortgage-backed notes from Santander Mortgage Asset Receivable Trust 2025-CES1 (SAN 2025-CES1), a $289.3 million RMBS transaction, as of the cut-off date, sponsored by Santander Bank, N.A. and Canyon PS1-25 Holdings, LP. The pool consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying pool is seasoned less than three months on average and comprises 3,741 loans originated solely by PennyMac Loan Services, LLC (PennyMac). The collateral is characterized entirely by fully amortizing, fixed-rate mortgages (FRMs) with 10-year (0.4%), 15-year (0.6%), 20-year (78.5%), and 30-year (20.5%) terms.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of...
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13.10.25 - 13:01
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Santander Buy (DPA-AFX)
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ZÜRICH (dpa-AFX Analyser) - Die Schweizer Großbank UBS hat die Einstufung für Santander auf "Buy" mit einem Kursziel von 9,90 Euro belassen. Angesichts der bekräftigten Jahresziele betrachte er die anstehende Bekanntgabe der Zahlen zum dritten Quartal ......
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10.10.25 - 21:57
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Santander Neutral (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Die US-Bank JPMorgan hat die Einstufung für Santander vor der Berichtssaison der spanischen Banken auf "Neutral" mit einem Kursziel von 8,80 Euro belassen. Er habe bei Santander seine Schätzungen für den Gewinn je Aktie geringfügig ......
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10.10.25 - 16:37
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Goldman, Santander Among Banks Exploring Blockchain-Based Money (Bloomberg)
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A group of international banks including Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp. and Banco Santander, have joined forces to explore the issuance of “digital money” on public blockchains, marking the latest push by large financial institutions to examine possible uses for the technology underpinning cryptocurrencies for payments....
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09.10.25 - 19:12
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KBRA Assigns Preliminary Ratings to Clavel Residential 4 DAC (Business Wire)
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DUBLIN--(BUSINESS WIRE)--#creditratingagency--KBRA Europe (KBRA) assigns preliminary ratings to six classes of notes to be issued by Clavel Residential 4 DAC (Clavel 4), a static RMBS securitisation collateralised by mortgage participations and mortgage transfer certificates (together, Mortgage Certificates). These Mortgage Certificates represent the economic rights to receive principal and revenue payments from corresponding Spanish residential mortgage loans. Clavel 4 will be a refinancing of the issuance under Clavel Residential 3 DAC (92.6%), supplemented by 7.4% of additional mortgage loans.
As of 30 June 2025, the underlying collateral is a €606.2 million portfolio consisting of seasoned predominantly first lien mortgages that are secured by owner occupied (92.6%) and second homes (2.7%) properties located in Spain. The lenders of record to the loans are Banco Santander S.A. (Santander, 69.1%), Banco Bilbao Vizcaya Argentaria, S.A. (BBVA, 27.7%) and CaixaBank S.A. (Caixa, 3.2%).
The notes' paymen...
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06.10.25 - 22:45
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Solaris Energy Infrastructure, Inc. Announces Proposed Convertible Senior Notes Offering (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Solaris Energy Infrastructure, Inc. (“Solaris”) (NYSE: SEI) today announced its intention to offer, subject to market and other conditions, $600,000,000 aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a public offering registered under the Securities Act of 1933, as amended. Solaris also expects to grant the underwriters of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $90,000,000 principal amount of notes solely to cover over-allotments.
Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC and Santander US Capital Markets LLC are acting as the book-running managers for the offering.
The notes will be senior, unsecured obligations of Solaris, will accrue interest payable semi-annually in arrears and will mature on October 1, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in...
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03.10.25 - 14:31
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BBVA & Sabadell Clash as Bid Enters Final Days, European Stocks Record High | The Opening Trade 10/3 (Bloomberg)
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A tech-fueled rally in global stocks continued unabated as another round of big-ticket artificial intelligence partnerships stoked fresh optimism. European stocks were set to hit a record high and have their best week since May. The BBVA Chairman and Sabadell CEO clashed in exclusive interviews. A 17 billion euro takeover deal would create a new Spanish banking giant and push BBVA closer in size to the country's biggest lender, Banco Santander.
A gauge for Asian tech stocks led the charge with a new record as Japan's Hitachi teamed up with OpenAI while Fujitsu and Nvidia collaborate. US stock futures also advanced, setting the S&P 500 on its longest winning streak since July.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta and Guy Johnson. (Source: Bloomberg)...
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