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Santander's results for 2008 to be "magnificent"

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    Santander's results for 2008 to be "magnificent"

    But some shareholders are a little miffed:

    bank article

    hairman Emilio Botin Monday tried to soothe angry shareholders upset about recent setbacks at the Spanish bank, promising "magnificent" results for 2008.

    Botin, speaking at a shareholders meeting in the city of Santander, Northern Spain, said results at the euro zone's largest bank by market value would be " among the best of the banking industry."
    Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter

    #2
    What's that definition of a stock-broker: "Someone who invests your money until it has all gone".

    Comment


      #3
      Amazed. Santander say they will compensate clients who suffered losses in Madoff's fraud.

      santander offer

      It may be preferred shares (and not a 100% cash compensation) but it's still far more than I can see Uk banks doing. Although to be fair they don't have the money to do so.
      Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter

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