Santander to Pay Shareholder Remuneration of 1.7 Billion Euros

MADRID—Spain’s Santander said on Tuesday its board had decided to make an interim distribution from 2021 earnings through a cash dividend and share buyback worth 1.7 billion euros ($2 billion), equivalent to 40 percent of its first-half underlying profit, The announcement comes after the ECB said in July it would lift restrictions on bank dividend remuneration and share buybacks beyond September, clawing back a crisis measure that forced lenders to retain capital during the pandemic. The board approved the payment of an interim cash dividend against 2021 results of 4.85 euro cents per share, equivalent to 20 percent of the group’s underlying profit in the first half of 2021. In addition, it agreed to implement a share repurchase program for about 20 percent of the group’s underlying profit in the first half of 2021 for approximately 841 million euros, for which it received approval from the ECB. The bank also …

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Innocent Travellers Could be Pawns in Hostage Diplomacy

Wed Sep 29 , 2021
Commentary It was no coincidence that as Meng Wanzhou, daughter of Huawei’s founder Ren Zhengfei, was released from home detention in her mansion in Canada, two Canadians—former diplomat Michael Kovrig and businessman Michael Spavor—were also released from prison in China. Meng, Huawei’s chief financial officer, was being held on a U.S. […]
Innocent Travellers Could be Pawns in Hostage Diplomacy

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