Santander CEO Says Markets Are Overreacting To Elections In Brazil; Rates Not Going To Fall As Much In Brazil As We Expected; Plans To Continue With Buyback In Brazil; Too Early To Say If There Will Be More Room To Improve Costs Synergies In U.S.
Bank expects to obtain Danish compromise in coming two or three quarters; Sees some minor migrations towards higher yielding deposits in Spain, UK and Brazil – Earnings call comments
Santander says people are worried too much about Brazil's elections right now. The bank still plans to buy back its own stock and watch for cost savings.
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