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PayPal Falls the Most Among Financial Stocks, While CleanSpark Climbs: Week's Roundup
Sector Update: Financial Stocks Ease Late Afternoon
Financial stocks were decreasing in late Friday afternoon trading with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund (XLF) shedding 0.3%. The Philadelphia Housing Index
Market Chatter: Apollo Acquires CaixaBank's Mortgage Portfolio, Eyes Banco Santander Deal
Apollo Global Management (APO) has acquired a 610 million euros ($652.3 million) portfolio of unpaid mortgages from CaixaBank and is actively bidding on a similar portfolio held by Banco Santander (SA
BSAC or IBN: Which Is the Better Value Stock Right Now?
European Equities Traded in the US as American Depositary Receipts Sharply Lower in Thursday Trading
European equities traded in the US as American depositary receipts were sharply lower late Thursday morning, falling 1.60% to 1,418.28 on the S&P Europe Select ADR Index. From continental Europe, the
Banco Santander plans to establish a consumer banking business technology platform as part of its cost reduction and efficiency enhancement global strategy.
On June 12th, Grail Street reported that Ana Botin, Executive Chairman of Banco Santander in Spain, announced that the bank plans to launch the United States as the starting platform for its revised platform serving consumer customers, which will be promoted globally. Most of Banco Santander's business relies on 10 key markets, and it hopes to use the United States, its third largest revenue market, to establish its own consumer banking business and technology platform, including pure digital banking and consumer finance. Banco Santander is transitioning from old technology to cloud-based modern IT infrastructure, and the new platform is part of its broader global strategy aimed at leveraging better technology.