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Santander would rather be profitable than interesting. Santander's U.K. profits for the first half of 2009 were up 33% from the year before, if you don't count acquisitions, and almost 63% if you do. It remains to be seen if Santander can work similar magic at Sovereign. Inciarte...
The ongoing parlor game in Madrid now is betting who's going to succeed Emilio Botín whenever he decides to step down. Santander was founded in 1857; a Botín has run it since 1920. Current chief executive Alfredo Saenz came to the bank when it bought...
Climate of Indifference Re "Beyond Copenhagen" [Dec. 14]: Americans should be proud of their President. For those who doubt that climate change is man-made, look at it this way: global temperatures are increasing, man-made or not; fossil fuels will run out; carbon dioxide is increasing in the atmosphere...
The residential real estate bust has been a slow-motion wreck too. (It started in 2006!) But the commercial meltdown will take even longer for two main reasons. One is that while commercial real estate lenders certainly got sloppy during the boom, they didn't go utterly crazy the way...
Yes, Bernanke's actions have helped the world avoid another Great Depression. However, with the trillions of dollars in bailouts and money printing, have we not once again just kicked the can down the road for future policymakers to grapple with?