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The magic balance sheet of Santander.

Von: fvw (fonn_volt_west@hotmail.com) [Profil]
Datum: 05.06.2010 22:57
Message-ID: <27fd3ae7-bb93-4ff0-8b87-92c30f4b713d@u26g2000yqu.googlegroups.com>
Newsgroup: uk.finance
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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