Santander seen mapping out post-Brexit targets in investor update

Santander seen mapping out post-Brexit targets in investor update
 

Banco Santander (SAN.MC) is expected to adopt more conservative targets in Britain to reflect the immediate impact of the Brexit vote when the Spanish bank updates investors on its strategy on Friday.
Santander benefits from its geographical diversification, say analysts, with weaker forecasts for economic activity in Britain expected to be offset by a slow but steady improvement in Brazil where it generates 19 percent of its earnings.
However, the Europe Union's third-largest bank by market value is seen stressing cost cutting and efficiency measures in the presentation in an effort to... read more

 
29 September 2016 in Business, Views: 38
Source: Reuters
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