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Global markets fall as trade war escalation and Mexico tariffs fuel a ‘triple hit of bad news’

Stocks fell on the news of Trump's tariffs on Mexican goods, China's rare-earth plans, and a contraction in Chinese manufacturing.

Santander’s landmark decision to not pay off a bond could have a major impact on the $140 billion market for risky bank debt

Santander's decision not to repay one of its bonds has stunned investors and casts doubt over a $140 billion market for European bank debt.
Ian Rand, (center) CEO of Barclays Business Bank, and Anil Stocker (right) co-founder & CEO of MarketInvoice.

UK fintech MarketInvoice wins backing from Barclays and Santander as banking disruption gathers pace

Barclays and Santander are funding the UK fintech as part of a £56 million "series B" round, demonstrating a disruptive shift in consumer banking.
Andrea Orcel

A $57 million pay dispute sees Andrea Orcel get dumped as new Santander CEO before even getting started

The Spanish banking giant said that the level of compensation that was required to hire Andrea Orcel was "unacceptable."
Andrea Orcel.

The boss of Santander’s digital bank says it will be ‘the same direction but faster’ under new CEO Andrea Orcel

Openbank CEO Ezequiel Szafir told BI that Andrea Orcel will have "the same strategy but make it go faster and further" when he joins as CEO of Santander next year.
Andrea Orcel

Santander poaches UBS investment bank chief Andrea Orcel as new CEO

"Delighted that Andrea Orcel is joining us as Group CEO. As we continue to transform Santander his experience is invaluable. Welcome Andrea," Ana Botin, Santander's executive chairman said in a tweet.
JPMorgan CEO Jamie Dimon.

75 banks have joined JPMorgan’s blockchain payments ‘party’

Lenders including Santander and Societe Generale are testing the Interbank Information Network (IIN). JPMorgan built the information sharing programme on its own proprietary blockchain platform, Quorom, and has been testing it with a handful of lenders since October 2017.

Fiat Chrysler’s CEO is about to bring the last piece of the puzzle to the carmaker

FCA announced that it will establish its own captive-finance arm. FCA is the only big carmaker without a captive, but CEO Sergio Marchionne's focus has been on other aspects of the company's well-being.
Ana Patricia Botin, chairman of the Spanish bank Santander.

Santander is set to launch an international money transfer app with Ripple

Santander UK CEO Nathan Bostock said: "We will be the first large retail bank to carry out cross-border payments at scale with blockchain technology."

I’ve been covering the auto industry for a decade, and I’ve never seen more people getting the market wrong

The 17 million US auto sales market of the past two years won't be falling to zero anytime soon. So why all the negativity?