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2 weeks ago | 
news.bloombergtax.com | Macarena Muñoz |Julien Ponthus
European stocks tumbled into a correction on Friday as China retaliated against US tariffs, escalating the global trade war. The Stoxx Europe 600 Index slid 5.1% at the close in London, recording its worst weekly drop since the outbreak of the Covid-19 pandemic five years ago. Indexes in Italy, France, Switzerland and Germany were also in correction territory after news that Beijing would impose a 34% tariff on all imports from the US, starting April 10.
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3 weeks ago | 
news.bloomberglaw.com | Dinesh Nair |Macarena Muñoz
Brookfield Asset Management Ltd. has revived talks with Grifols SA’s main shareholder about a potential offer for the Spanish blood-plasma company following a failed attempt last year, according to people familiar with the matter. Brookfield has been holding discussions with the Grifols family, which holds about 35% of the firm, said the people, who asked not to be named. Talks are ongoing and it’s unclear if Brookfield will go ahead with a formal offer.
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3 weeks ago | 
bnnbloomberg.ca | Dinesh Nair |Macarena Muñoz
Brookfield Asset Management Ltd. has revived talks with Grifols SA’s main shareholder about a potential offer for the Spanish blood-plasma company following a failed attempt last year, according to people familiar with the matter. Brookfield has been holding discussions with the Grifols family, which holds about 35% of the firm, said the people, who asked not to be named. Talks are ongoing and it’s unclear if Brookfield will go ahead with a formal offer.
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3 weeks ago | 
ca.finance.yahoo.com | Macarena Muñoz |Michael Msika
(Bloomberg) -- The rally in European banking stocks shows few signs of cooling down after another stellar quarter. • None Why Did the Government Declare War on My Adorable Tiny Truck? • None These US Bridges Face High Risk of Catastrophic Ship StrikesThe Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe by far as investors keep increasing their exposure, and strategists see more gains ahead.
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4 weeks ago | 
fortune.com | Jorge Zuloaga |Macarena Muñoz
Chairman Ana Botin said earlier this month that the bank’s growth focus will be on the Americas. Pablo Blazquez Dominguez/Getty Images
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1 month ago | 
yahoo.com | Rodrigo Orihuela |Macarena Muñoz
(Bloomberg) -- Spanish Prime Minister Pedro Sanchez sought to reassure other political parties that higher spending on defense will not affect social expenditure, and that it could represent an opportunity for the country. Most Read from Bloomberg“The Spanish government’s commitment is undeniable, firm, and decisive,” Sanchez said Thursday after talks with the leaders of nine parties to muster support for boosting defense spending and meeting NATO targets.
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1 month ago | 
bloomberglinea.com.br | Jorge Zuloaga |Macarena Muñoz
Bloomberg — O BBVA terá como objetivo dobrar a receita de sua unidade de Corporate e Investment Banking como parte de uma nova estratégia que deverá ser apresentada ainda este ano, segundo pessoas familiarizadas com o assunto ouvidas pela Bloomberg News. É provável que o banco espanhol diga que quer atingir a nova meta de receita do segmento no ano de 2029, e o aumento será comparado ao nível do ano passado, quando a receita foi de € 5,8 bilhões, disseram as pessoas.
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1 month ago | 
news.bloombergtax.com | Macarena Muñoz |Jorge Zuloaga
Banco Santander SA has named Peter Huber as its new global head of insurance to replace Armando Baquero, who is exiting the Spanish lender. Huber joins Spain’s largest bank from insurance-technology firm Wefox, where he was chief insurance officer, and will report to global head of wealth management and insurance Javier Garcia-Carranza, according to an internal memo seen by Bloomberg News. A spokeswoman for the lender confirmed the content of the memo.
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1 month ago | 
news.bloomberglaw.com | Macarena Muñoz |Jorge Zuloaga
Banco Santander SA has named Peter Huber as its new global head of insurance to replace Armando Baquero, who is exiting the Spanish lender. Huber joins Spain’s largest bank from insurance-technology firm Wefox, where he was chief insurance officer, and will report to global head of wealth management and insurance Javier Garcia-Carranza, according to an internal memo seen by Bloomberg News. A spokeswoman for the lender confirmed the content of the memo.
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1 month ago | 
news.bloomberglaw.com | Jorge Zuloaga |Macarena Muñoz
Banco Santander SA Chairman Ana Botin’s compensation for 2024 increased 13% after the lender reported the highest net income ever. Botin earned €13.8 million ($14.4 million) in total, the lender said in a filing to regulators Friday. That’s up from €12.2 million in the previous year. Her pay is slightly higher than Andrea Orcel’s, who runs Italian lender UniCredit SpA as chief executive officer. His total compensation for last year was €13.2 million, which was was one-third more than in 2023.
