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<item><title>Banco Santander SA seeking buyer for Altamira Santander RE-RE Asts</title><description>SPAIN - In November ####, Altamira Santander Real Estate SA, a Boadilla del Monte-based real estate agency, and a unit of Banco Santander SA, announced that it was seeking a buyer for its ### real estate assets, via an auction.</description><pubDate>26 Nov 2009 07:59:51 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">02173L</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">05964H</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Altamira Santander Real Estate SA-Real Estate Assets(600)</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Banco Santander SA</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Banco_Santander_SA_seeking_buyer_for_Altamira_Santander_RE_RE_Asts-2131300040</link><guid isPermaLink="false">sdc/2131300040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2131300040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Unknown</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Investors, 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buyer</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value>Seeking buyer</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Seeking buyer</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">The 600 real estate assets of</sdc:value><sdc:value sdc:p="1">Altamira Santander Real Estate</sdc:value><sdc:value sdc:p="2">SA.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">The 600 real estate assets of Altamira Santander Real Estate</sdc:value><sdc:value sdc:p="1">SA.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>The 600 real estate assets of Altamira Santander Real Estate 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">SPAIN - In November 2009,</sdc:value><sdc:value sdc:p="1">Altamira Santander Real</sdc:value><sdc:value sdc:p="2">Estate SA, a Boadilla del</sdc:value><sdc:value sdc:p="3">Monte-based real estate</sdc:value><sdc:value sdc:p="4">agency, and a unit of Banco</sdc:value><sdc:value sdc:p="5">Santander SA, announced that</sdc:value><sdc:value sdc:p="6">it was seeking a buyer for</sdc:value><sdc:value sdc:p="7">its 600 real estate assets,</sdc:value><sdc:value sdc:p="8">via an auction.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>SPAIN - In November 2009, Altamira Santander Real Estate SA, a Boadilla del Monte-based real estate agency, and a unit of Banco Santander SA, announced that it was seeking a buyer for its 600 real estate assets, via an auction.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SPAIN - In November 2009, Altamira Santander Real Estate SA, a Boadilla del Monte-based</sdc:value><sdc:value sdc:p="1">real estate agency, and a unit of Banco Santander SA, announced that it was seeking a</sdc:value><sdc:value sdc:p="2">buyer for its 600 real estate assets, via an auction.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">SPAIN - In November 2009, Altamira Santander Real Estate SA, a Boadilla del Monte-based real estate agency, and a unit of Banco Santander SA, announced that it was seeking a buyer for its 600 real</sdc:value><sdc:value sdc:p="1">estate assets, via an auction.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SPAIN - In November 2009, Altamira Santander Real Estate SA, a Boadilla del Monte-based real estate agency, and a unit of Banco Santander</sdc:value><sdc:value sdc:p="1">SA, announced that it was seeking a buyer for its 600 real estate assets, via an auction.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>S 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Buyer</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">6513:Operators of apartment buildings</sdc:value><sdc:value sdc:p="1">6514:Dwelling operators, except apartments</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>12029001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Unknown</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6799</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Unknown</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">6000:Banks</sdc:value><sdc:value sdc:p="1">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="2">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="3">6162:Mortgage bankers and loan correspondents</sdc:value><sdc:value sdc:p="4">6282:Investment advice</sdc:value><sdc:value sdc:p="5">6289:Security and commodity services, nec</sdc:value><sdc:value sdc:p="6">6311:Life insurance</sdc:value><sdc:value sdc:p="7">6321:Accidental and health insurance</sdc:value><sdc:value sdc:p="8">6331:Fire, marine, and casualty insurance</sdc:value><sdc:value sdc:p="9">6351:Surety insurance</sdc:value><sdc:value sdc:p="10">6712:Offices of bank holding companies</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>557004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Madrid</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Spain</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6000</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>SAN</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-Fitch_to_Recommence_Rating_Bank_Issued_Notes_With_Embedded_Market_Risk-539656_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">539656_pr_frame</fitch:docid><guid isPermaLink="false">fitch/539656_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National Treasury Services Plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABN Amro Arrendamento Mercantil S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Bank Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABSA Group Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Adam Capital Trust III</fitch:company><fitch:company 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Morgan Clearing Corp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan &amp; Company Incorporated</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Bank (Chile)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XI</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XIII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XIV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XIX</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XVI</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XVII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XVIII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XX</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XXI</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XXII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XXIII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Chase Capital XXIV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JP Morgan Trust Co., N.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPM Capital Trust I</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPM Capital Trust II</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase &amp; Co</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase Bank, Dearborn</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase Bank, N.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase Capital X</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase Capital XXV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase Finance LLC</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">JPMorgan Chase Funding, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Guaranty Trust Company of New York</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Australia Finance Limited</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Bank</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Canada Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust II</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust III</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust IV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust V</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust VI</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust VII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley Capital Trust VIII</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley India Capital Private Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Morgan Stanley International Finance S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">NBD Bank, N.A. 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xmlns:fitch="http://www.alacra.com/fitch">PER</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">PHL</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">PNG</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">POL</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">PRI</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">PRT</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">QAT</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ROU</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">RUS</fitch:index_entry_country_code><fitch:index_entry_country_code 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xmlns:fitch="http://www.alacra.com/fitch">SWE</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">TGO</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">THA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">TTO</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">TUN</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">TUR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">TWN</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">UGA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">UKR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">URY</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">USA</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">UZB</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">VEN</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">VGB</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">VIR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">VNM</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ZAF</fitch:index_entry_country_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030800</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03013200</fitch:index_entry_mkt_sector_code><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-Fitch_Affirms_Abbey_National_and_Alliance_Leicester_at_AA_Outlook_Stable-535496_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">535496_pr_frame</fitch:docid><guid isPermaLink="false">fitch/535496_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National Treasury Services Plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABN Amro Arrendamento Mercantil S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Alliance &amp; Leicester plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco ABN Amro Real S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Espanol de Credito  (BANESTO)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander (Brasil) S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Chile</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Puerto Rico</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Rio S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Totta SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander, Mexico S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Rio Compania de Seguros SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Bancorp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Consumer Finance S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Finance Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander PR Capital Trust I</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Totta SGPS</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Bank</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust I</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust IV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust V</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust VI</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Real Estate Investment Trust</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089394</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089497</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089733</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089747</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089752</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090281</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090819</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80090973</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091433</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091520</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80359624</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80359912</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80359929</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360562</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361077</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361082</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80362435</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80937835</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81310920</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81745669</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81745672</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82189032</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83342295</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83345661</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83779465</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83961266</fitch:companyid><pubDate>16 Nov 2009 10:38:00 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010208</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BRIO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BTO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SAN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SANB3</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SANTANDER</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SBP</fitch:ticker><title>Fitch Affirms Abbey National and Alliance &amp; Leicester at 'AA-'; Outlook Stable</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ARG</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">DEU</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ESP</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">GBR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">IND</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">MEX</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">RUS</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">USA</fitch:index_entry_country_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01031000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">02020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010800</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04020000</fitch:index_entry_mkt_sector_code><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><title>Sociedad de Inversiones Norte acquires Banco Santander Chile-Credit from Banco Santander SA</title><description>CHILE - Sociedad de Inversiones Norte Sur SA acquired the credit portfolio of Santiago-based Banco Santander Chile SA, a majority-owned unit of Banco Santander SA, for CLP #.### bil (USD ##.### mil).</description><pubDate>11 Nov 2009 10:43:30 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">83319M</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">06313X</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">83319M</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">05964H</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Sociedad de Inversiones Norte Sur SA</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Banco Santander Chile SA- Credit Portfolio</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Sociedad de Inversiones Norte Sur SA</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Banco Santander SA</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Sociedad_de_Inversiones_Norte_acquires_Banco_Santander_Chile_Credit_from_Banco_Santander_SA-2126178040</link><guid isPermaLink="false">sdc/2126178040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2126178040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Chile</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Investors, nec</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>6799</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Private</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:aupsic_SIC><sdc:az_LAW30><sdc:value>Guerrero, Olivos, Novoa y Errazuriz</sdc:value></sdc:az_LAW30><sdc:b_MAINDUSTRY><sdc:value>Credit Institutions</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Chile</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Personal credit institutions</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>6141</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>724532001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Invest co</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Pvd bkg,finl svcs</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1115712001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Nov 11 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Sociedad de Inversiones Norte</sdc:value><sdc:value sdc:p="1">Sur SA, based in Santiago,</sdc:value><sdc:value sdc:p="2">Chile, is an investment</sdc:value><sdc:value sdc:p="3">company. It was founded in</sdc:value><sdc:value sdc:p="4">1989.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Sociedad de Inversiones Norte Sur SA, based in Santiago,</sdc:value><sdc:value sdc:p="1">Chile, is an investment company. It was founded in 1989.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Sociedad de Inversiones Norte Sur SA, based in Santiago, Chile, is an investment company. It was founded in 1989.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Credit portfolio of Banco</sdc:value><sdc:value sdc:p="1">Santander Chile SA, located in</sdc:value><sdc:value sdc:p="2">Santiago.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Credit portfolio of Banco Santander Chile SA, located in</sdc:value><sdc:value sdc:p="1">Santiago.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Credit portfolio of Banco Santander Chile SA, located in Santiago.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>Chilean Peso</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>09 Nov 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Mon, 09 Nov 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 11/09/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFF><sdc:value>09 Nov 09</sdc:value></sdc:i_DATEEFF><sdc:i_DATEEFFS><sdc:value>Date Effective: 11/09/2009</sdc:value></sdc:i_DATEEFFS><sdc:i_DATEUNCON><sdc:value>09 Nov 09</sdc:value></sdc:i_DATEUNCON><sdc:i_DESCR><sdc:value>Acq. of Assets</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>9537.25 Chilean Peso</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>9537.25000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>9537.25 Chilean Peso</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>9537.25000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>100.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>100.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>9537.25000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>9537.25 Chilean Peso</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.00200</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>11.11000</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>18.61700</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>18.61700</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>0.00000</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">CHILE - Sociedad de</sdc:value><sdc:value sdc:p="1">Inversiones Norte Sur SA</sdc:value><sdc:value sdc:p="2">acquired the credit portfolio</sdc:value><sdc:value sdc:p="3">of Santiago-based Banco</sdc:value><sdc:value sdc:p="4">Santander Chile SA, a</sdc:value><sdc:value sdc:p="5">majority-owned unit of Banco</sdc:value><sdc:value sdc:p="6">Santander SA, for CLP 9.537</sdc:value><sdc:value sdc:p="7">bil (USD 18.617 mil).</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>CHILE - Sociedad de Inversiones Norte Sur SA acquired the credit portfolio of Santiago-based Banco Santander Chile SA, a majority-owned unit of Banco Santander SA, for CLP 9.537 bil (USD 18.617 mil).</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">CHILE - Sociedad de Inversiones Norte Sur SA acquired the credit portfolio of</sdc:value><sdc:value sdc:p="1">Santiago-based Banco Santander Chile SA, a majority-owned unit of Banco Santander SA, for</sdc:value><sdc:value sdc:p="2">CLP 9.537 bil (USD 18.617 mil).</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>CHILE - Sociedad de Inversiones Norte Sur SA acquired the credit portfolio of Santiago-based Banco Santander Chile SA, a majority-owned unit of Banco Santander SA, for CLP 9.537 bil (USD 18.617 mil).</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">CHILE - Sociedad de Inversiones Norte Sur SA acquired the credit portfolio of Santiago-based Banco Santander Chile SA, a majority-owned</sdc:value><sdc:value sdc:p="1">unit of Banco Santander SA, for CLP 9.537 bil (USD 18.617 mil).</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Completed</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Completed</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="1">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="2">6159:Misc business credit</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>724532001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Chile</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6799</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">6000:Banks</sdc:value><sdc:value sdc:p="1">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="2">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="3">6162:Mortgage bankers and loan correspondents</sdc:value><sdc:value sdc:p="4">6282:Investment advice</sdc:value><sdc:value sdc:p="5">6289:Security and commodity services, nec</sdc:value><sdc:value sdc:p="6">6311:Life insurance</sdc:value><sdc:value sdc:p="7">6321:Accidental and health insurance</sdc:value><sdc:value sdc:p="8">6331:Fire, marine, and casualty insurance</sdc:value><sdc:value sdc:p="9">6351:Surety insurance</sdc:value><sdc:value sdc:p="10">6712:Offices of bank holding companies</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>557004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Madrid</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Spain</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6000</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>SAN</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>18.61700</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>9537.25000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>18.61700</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>11.11000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><title>Santander Consumer USA Inc acquires HSBC Finance Corp-Auto Loan from HSBC (pending)</title><description>US - Santander Consumer USA Inc, a unit of Banco Santander SA, agreed to acquire the auto loan portfolio of HSBC Finance Corp, a Prospect Heights- based provider of consumer and commercial finance, banking, and life insurance services, and a unit of HSBC Holdings PLC {HSBC}, for USD ### mil in cash.</description><pubDate>11 Nov 2009 10:43:28 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">80347M</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">40718W</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">05964H</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">404280</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Santander Consumer USA Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">HSBC Finance Corp-Auto Loan Portfolio</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Banco Santander SA</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">HSBC Holdings PLC{HSBC}</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Santander_Consumer_USA_Inc_acquires_HSBC_Finance_Corp_Auto_Loan_from_HSBC-2126106020</link><guid isPermaLink="false">sdc/2126106020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2126106020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Credit Institutions</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>United States</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Personal credit institutions</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>6141</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>TX</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Texas</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="1">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="2">6159:Misc business credit</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">6000:Banks</sdc:value><sdc:value sdc:p="1">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="2">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="3">6162:Mortgage bankers and loan correspondents</sdc:value><sdc:value sdc:p="4">6282:Investment advice</sdc:value><sdc:value sdc:p="5">6289:Security and commodity services, nec</sdc:value><sdc:value sdc:p="6">6311:Life insurance</sdc:value><sdc:value sdc:p="7">6321:Accidental and health insurance</sdc:value><sdc:value sdc:p="8">6331:Fire, marine, and casualty insurance</sdc:value><sdc:value sdc:p="9">6351:Surety insurance</sdc:value><sdc:value sdc:p="10">6712:Offices of bank holding companies</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Credit Institutions</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>United States</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Personal credit institutions</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>6141</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>DE</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Delaware</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>1115670001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Pvd bkg,finl svcs</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Bk invest hldg co</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1115671001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Nov 11 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_AEPS><sdc:value>0.00000</sdc:value></sdc:fiscal_AEPS><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Santander Consumer USA Inc,</sdc:value><sdc:value sdc:p="1">based in Dallas, Texas,</sdc:value><sdc:value sdc:p="2">provides consumer finance</sdc:value><sdc:value sdc:p="3">services engaged in the</sdc:value><sdc:value sdc:p="4">purchase, securitization and</sdc:value><sdc:value sdc:p="5">servicing of retail</sdc:value><sdc:value sdc:p="6">installment contracts. It was</sdc:value><sdc:value sdc:p="7">founded in 1995.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Santander Consumer USA Inc, based in Dallas, Texas, provides</sdc:value><sdc:value sdc:p="1">consumer finance services engaged in the purchase,</sdc:value><sdc:value sdc:p="2">securitization and servicing of retail installment</sdc:value><sdc:value sdc:p="3">contracts. It was founded in 1995.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Santander Consumer USA Inc, based in Dallas, Texas, provides consumer finance services engaged in the purchase, securitization and servicing of retail installment contracts. It was founded in 1995.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">The assets comprise the US</sdc:value><sdc:value sdc:p="1">auto loan portfolio of HSBC</sdc:value><sdc:value sdc:p="2">Finance Corp.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">The assets comprise the US auto loan portfolio of HSBC</sdc:value><sdc:value sdc:p="1">Finance Corp.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>The assets comprise the US auto loan portfolio of HSBC Finance Corp.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>U.S. Dollar</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>10 Nov 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 10 Nov 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 11/10/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. of Assets</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>900 U.S. Dollar</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>900.00000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>900 U.S. Dollar</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>900.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>900.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>900 U.S. Dollar</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>1.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>537.82700</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>900.00000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>900.00000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>0.00000</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">US - Santander Consumer USA</sdc:value><sdc:value sdc:p="1">Inc, a unit of Banco</sdc:value><sdc:value sdc:p="2">Santander SA, agreed to</sdc:value><sdc:value sdc:p="3">acquire the auto loan</sdc:value><sdc:value sdc:p="4">portfolio of HSBC Finance</sdc:value><sdc:value sdc:p="5">Corp, a Prospect Heights-</sdc:value><sdc:value sdc:p="6">based provider of consumer</sdc:value><sdc:value sdc:p="7">and commercial finance,</sdc:value><sdc:value sdc:p="8">banking, and life insurance</sdc:value><sdc:value sdc:p="9">services, and a unit of HSBC</sdc:value><sdc:value sdc:p="10">Holdings PLC {HSBC}, for USD</sdc:value><sdc:value sdc:p="11">900 mil in cash.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - Santander Consumer USA Inc, a unit of Banco Santander SA, agreed to acquire the auto loan portfolio of HSBC Finance Corp, a Prospect Heights- based provider of consumer and commercial finance, banking, and life insurance services, and a unit of HSBC Holdings PLC {HSBC}, for USD 900 mil in cash.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - Santander Consumer USA Inc, a unit of Banco Santander SA, agreed to acquire the auto</sdc:value><sdc:value sdc:p="1">loan portfolio of HSBC Finance Corp, a Prospect Heights- based provider of consumer and</sdc:value><sdc:value sdc:p="2">commercial finance, banking, and life insurance services, and a unit of HSBC Holdings PLC</sdc:value><sdc:value sdc:p="3">{HSBC}, for USD 900 mil in cash.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">US - Santander Consumer USA Inc, a unit of Banco Santander SA, agreed to acquire the auto loan portfolio of HSBC Finance Corp, a Prospect Heights- based provider of consumer and commercial finance,</sdc:value><sdc:value sdc:p="1">banking, and life insurance services, and a unit of HSBC Holdings PLC {HSBC}, for USD 900 mil in cash.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - Santander Consumer USA Inc, a unit of Banco Santander SA, agreed to acquire the auto loan portfolio of HSBC Finance Corp, a Prospect</sdc:value><sdc:value sdc:p="1">Heights- based provider of consumer and commercial finance, banking, and life insurance services, and a unit of HSBC Holdings PLC {HSBC},</sdc:value><sdc:value sdc:p="2">for USD 900 mil in cash.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">6035:Savings institutions, federally chartered</sdc:value><sdc:value sdc:p="1">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="2">6159:Misc business credit</sdc:value><sdc:value sdc:p="3">6211:Security brokers, dealers, and flotation companies</sdc:value><sdc:value sdc:p="4">6311:Life insurance</sdc:value><sdc:value sdc:p="5">7389:Business services, nec</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>557004</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>Madrid</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>Spain</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6000</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>SAN</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">6000:Banks</sdc:value><sdc:value sdc:p="1">6712:Offices of bank holding companies</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>161481004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>London</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>United Kingdom</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6000</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>HSBA</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>900.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>900.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>900.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>537.82700</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-HSBC_Holdings_3Q09_Turns_The_Corner-91195</link><cs:docid xmlns:cs="http://www.alacra.com/cs">91195</cs:docid><guid isPermaLink="false">cs/91195</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">WWTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">sadamson</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">hsbc_finance</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">hsbc_holdings</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">hsbc_holdings</cs:companyFocus><cs:companyMention xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">hsbc_finance</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">91195</cs:csid><pubDate>11 Nov 2009 03:08:53 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">91195</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">banks</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">banks</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>HSBC Holdings: 3Q09 Turns The Corner</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">606</cs:wcnum><description> HSBC Holdings: #Q## Turns The Corner HSBC HoldingsÂ (Aa#/AA-/AA) released a third quarter Interim Management Statement that highlighted similar trends to those reported by peers, although it continues to benefit from its broad diversification...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-UK_Mortgage_Lenders_Part_1_Home_Comforts-60446</link><cs:docid xmlns:cs="http://www.alacra.com/cs">60446</cs:docid><guid isPermaLink="false">cs/60446</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">UK mortgage lenders are feeling the strain but are strong enough to cope with a downturn</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">sadamson</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">alliance_leicester</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">barclays</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bradford_bingley</cs:company><cs:company 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xmlns:cs="http://www.alacra.com/cs">60446</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">banks</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">banks</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">mortgages</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">subprime</cs:tag><cs:tagFocus xmlns:cs="http://www.alacra.com/cs">mortgages</cs:tagFocus><cs:tagMention xmlns:cs="http://www.alacra.com/cs">subprime</cs:tagMention><title>UK Mortgage 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xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">UK mortgage lenders face a more difficult year, particularly in their specialist lending - we take a look at the state of the buy-to-let market.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">sadamson</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">alliance_leicester</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bank_of_ireland</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">barclays</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">bradford_bingley</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">britannia_building_society</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">hbos</cs:company><cs:company 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xmlns:cs="http://www.alacra.com/cs">hbos</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">hsbc_holdings</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">lloyds_tsb</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">nationwide_building_society</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">northern_rock</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">royal_bank_of_scotland</cs:companyMention><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">49999</cs:csid><pubDate>09 Nov 2009 11:51:56 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">49999</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">banks</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">banks</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">mortgages</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">subprime</cs:tag><cs:tagFocus xmlns:cs="http://www.alacra.com/cs">mortgages</cs:tagFocus><cs:tagMention xmlns:cs="http://www.alacra.com/cs">subprime</cs:tagMention><title>UK Mortgage Lenders: Buy-To-Let, or Buy-Too-Late?</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Analysis</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">2386</cs:wcnum><description> UK Mortgage Lenders: Buy-To-Let, or Buy-Too-Late? The UK housing market should remain robust in #### despite rising interest rates and slowing house price inflation 
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xmlns:cs="http://www.alacra.com/cs">woori_financial</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">woori_financial</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">zions_bancorporation</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">zions_bancorporation</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">zurich_financial</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">zurich_financial</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><title>Banco Santander SA seeking buyer for Banesto-Branches(24)</title><description>SPAIN - In November ####, Madrid-based Banco Espanol de Credito SA {Banesto}, an ##. ##%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its ## branches.</description><pubDate>05 Nov 2009 11:15:40 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">06311L</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">05964H</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Banco Espanol de Credito SA {Banesto}-Branches(24)</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Banco Santander SA</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Banco_Santander_SA_seeking_buyer_for_Banesto_Branches_24-2124545040</link><guid isPermaLink="false">sdc/2124545040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2124545040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Unknown</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Investors, nec</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>6799</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>UN</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Unknown</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Private</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Commercial Banks, Bank Holding Companies</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Spain</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Banks</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>6000</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>12029001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Seeking buyer</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Pvd bkg,finl svcs</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Not Applicable</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1114645001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Nov 5 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value>1.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value>Seeking buyer</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value>Seeking buyer</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Seeking buyer</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">The 24 branches of Banco</sdc:value><sdc:value sdc:p="1">Espanol de Credito SA</sdc:value><sdc:value sdc:p="2">{Banesto} provide banking</sdc:value><sdc:value sdc:p="3">services.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">The 24 branches of Banco Espanol de Credito SA {Banesto}</sdc:value><sdc:value sdc:p="1">provide banking services.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>The 24 branches of Banco Espanol de Credito SA {Banesto} provide banking services.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>04 Nov 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Wed, 04 Nov 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 11/04/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. of Assets</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>0</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>0.00000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>0</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>0.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>0.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>0</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>0.00000</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>0.00000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>0.00000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>0.00000</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">SPAIN - In November 2009,</sdc:value><sdc:value sdc:p="1">Madrid-based Banco Espanol de</sdc:value><sdc:value sdc:p="2">Credito SA {Banesto}, an 88.</sdc:value><sdc:value sdc:p="3">45%-owned unit of Banco</sdc:value><sdc:value sdc:p="4">Santander SA, announced that</sdc:value><sdc:value sdc:p="5">it was seeking a buyer for</sdc:value><sdc:value sdc:p="6">its 24 branches.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>SPAIN - In November 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88. 45%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its 24 branches.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SPAIN - In November 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88.</sdc:value><sdc:value sdc:p="1">45%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its 24</sdc:value><sdc:value sdc:p="2">branches.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>SPAIN - In November 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88. 45%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its 24 branches.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SPAIN - In November 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88. 45%-owned unit of Banco Santander SA, announced that</sdc:value><sdc:value sdc:p="1">it was seeking a buyer for its 24 branches.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>S Buyer</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:S Buyer</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value>6000:Banks</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>12029001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Unknown</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6799</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Unknown</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">6000:Banks</sdc:value><sdc:value sdc:p="1">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="2">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="3">6162:Mortgage bankers and loan correspondents</sdc:value><sdc:value sdc:p="4">6282:Investment advice</sdc:value><sdc:value sdc:p="5">6289:Security and commodity services, nec</sdc:value><sdc:value sdc:p="6">6311:Life insurance</sdc:value><sdc:value sdc:p="7">6321:Accidental and health insurance</sdc:value><sdc:value sdc:p="8">6331:Fire, marine, and casualty insurance</sdc:value><sdc:value sdc:p="9">6351:Surety insurance</sdc:value><sdc:value sdc:p="10">6712:Offices of bank holding companies</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>557004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Madrid</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Spain</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6000</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>SAN</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-Fitch_Affirms_Royal_Bank_Of_Scotland_On_Bank_Of_China_Investment-174051_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">174051_pr_frame</fitch:docid><guid isPermaLink="false">fitch/174051_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Central Hispano S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">The Royal Bank of Scotland Group plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">The Royal Bank of Scotland plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">National Westminster Bank plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Bank of China</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360549</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089712</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80361325</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089671</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360562</fitch:companyid><pubDate>04 Nov 2009 09:00:03 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010700</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SAN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">RBS</fitch:ticker><title>Fitch Affirms Royal Bank Of Scotland On Bank Of China Investment</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><title>Banco Santander SA seeking buyer for Banesto-RE Asts(1200)</title><description>SPAIN - In October ####, Madrid-based Banco Espanol de Credito SA {Banesto}, an ##. ##%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its #### real estate assets.</description><pubDate>30 Oct 2009 11:02:16 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">06311K</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">05964H</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Banco Espanol de Credito SA {Banesto}-Real Estate Assets (1200)</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Banco Santander SA</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Banco_Santander_SA_seeking_buyer_for_Banesto_RE_Asts_1200-2122799040</link><guid isPermaLink="false">sdc/2122799040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2122799040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Unknown</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Investors, nec</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>6799</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>UN</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Unknown</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Private</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Real Estate; Mortgage Bankers and Brokers</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Spain</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Dwelling operators, except apartments</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>6514</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>12029001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Seeking buyer</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Pvd bkg,finl svcs</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Not Applicable</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1113583001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Oct 30 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value>1.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value>Seeking buyer</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value>Seeking buyer</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Seeking buyer</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">The 1200 real estate assets of</sdc:value><sdc:value sdc:p="1">Banco Espanol de Credito SA</sdc:value><sdc:value sdc:p="2">{Banesto}.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">The 1200 real estate assets of Banco Espanol de Credito SA</sdc:value><sdc:value sdc:p="1">{Banesto}.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>The 1200 real estate assets of Banco Espanol de Credito SA {Banesto}.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>29 Oct 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Thu, 29 Oct 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 10/29/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. of Assets</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>0</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>0.00000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>0</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>0.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>0.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>0</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>0.00000</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>0.00000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>0.00000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>0.00000</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">SPAIN - In October 2009,</sdc:value><sdc:value sdc:p="1">Madrid-based Banco Espanol de</sdc:value><sdc:value sdc:p="2">Credito SA {Banesto}, an 88.</sdc:value><sdc:value sdc:p="3">45%-owned unit of Banco</sdc:value><sdc:value sdc:p="4">Santander SA, announced that</sdc:value><sdc:value sdc:p="5">it was seeking a buyer for</sdc:value><sdc:value sdc:p="6">its 1200 real estate assets.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>SPAIN - In October 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88. 45%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its 1200 real estate assets.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SPAIN - In October 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88.</sdc:value><sdc:value sdc:p="1">45%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its 1200</sdc:value><sdc:value sdc:p="2">real estate assets.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>SPAIN - In October 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88. 45%-owned unit of Banco Santander SA, announced that it was seeking a buyer for its 1200 real estate assets.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SPAIN - In October 2009, Madrid-based Banco Espanol de Credito SA {Banesto}, an 88. 45%-owned unit of Banco Santander SA, announced that</sdc:value><sdc:value sdc:p="1">it was seeking a buyer for its 1200 real estate assets.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>S Buyer</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:S Buyer</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">6513:Operators of apartment buildings</sdc:value><sdc:value sdc:p="1">6514:Dwelling operators, except apartments</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>12029001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Unknown</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6799</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Unknown</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">6000:Banks</sdc:value><sdc:value sdc:p="1">6141:Personal credit institutions</sdc:value><sdc:value sdc:p="2">6153:Short-term business credit institutions</sdc:value><sdc:value sdc:p="3">6162:Mortgage bankers and loan correspondents</sdc:value><sdc:value sdc:p="4">6282:Investment advice</sdc:value><sdc:value sdc:p="5">6289:Security and commodity services, nec</sdc:value><sdc:value sdc:p="6">6311:Life insurance</sdc:value><sdc:value sdc:p="7">6321:Accidental and health insurance</sdc:value><sdc:value sdc:p="8">6331:Fire, marine, and casualty insurance</sdc:value><sdc:value sdc:p="9">6351:Surety insurance</sdc:value><sdc:value sdc:p="10">6712:Offices of bank holding companies</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>557004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Madrid</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Spain</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6000</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>SAN</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Santander_Steady_3Q09_Profits-90450</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90450</cs:docid><guid isPermaLink="false">cs/90450</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">WWTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">nkwofie</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:companyFocus><cs:country xmlns:cs="http://www.alacra.com/cs">spain</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">spain</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">united_kingdom</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">90450</cs:csid><pubDate>28 Oct 2009 11:08:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90450</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:regionMention xmlns:cs="http://www.alacra.com/cs">united_states</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">banks</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">banks</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>Santander: Steady 3Q09 Profits</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">424</cs:wcnum><description> Santander: Steady #Q## Profits SantanderÂ (Aa#/AA/AA)Â reported steady #Q## net attributable profit of â‚¬ #.# bln, bringing earnings for the first nine months of the yearÂ to â‚¬#.# bln.Â  Compared with the previous year, #M##...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2491916</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2491916</ccbn:docid><guid isPermaLink="false">ccbn/T2491916</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>28 Oct 2009 07:08:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2491916</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of STD earnings conference call or presentation, 28-Oct-09 10:00am CET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Banco Santander S.A.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Banco Santander S.A. Q3 2009 Earnings Presentation Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">STD</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am CET</ccbn:time><title>Banco Santander S.A. Q3 2009 Earnings Presentation Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Alfredo Saenz Abad - Banco Santander SA - CEO (Interpreted). Good morning. As always, we will be dividing the presentation into four parts. In the first point, I'll cover the basic management drivers for Q#. Then in the second point, I will review the Group's result. In the third point I will introduce our CFO, Mr. Jose Antonio Alvarez, and he will analyze the results of the difference business areas in more detail. And, finally, I will conclude with some highlights about the year and about our priorities for the coming quarters. The first point I'd like to convey is that the Santander has, once again, had an excellent quarter in an environment which is still difficult for the banking business. We can summarize the evolution of the main management aspects as follows. First, the Group's ability to generate high, recurrent profit; the solid business model of the Santander, the right management of the basic business drivers, and very consistent diversification generated a recurring profit,...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-Fitch_Assigns_Banco_Santander_Totta_s_Covered_Bonds_Final_AAA_Rating-520116_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">520116_pr_frame</fitch:docid><guid isPermaLink="false">fitch/520116_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Rio S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National Treasury Services Plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Bancorp, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Totta SGPS</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Rio Compania de Seguros SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco ABN Amro Real S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander (Brasil) S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Totta SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Espanol de Credito  (BANESTO)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Bank</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust IV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust V</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Alliance &amp; 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Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ARG</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">DEU</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">ESP</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">GBR</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">MEX</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">PRT</fitch:index_entry_country_code><fitch:index_entry_country_code xmlns:fitch="http://www.alacra.com/fitch">USA</fitch:index_entry_country_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010100</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01010700</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">01031000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">02020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03010800</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">03030000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04000000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04010000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">04020000</fitch:index_entry_mkt_sector_code><fitch:index_entry_mkt_sector_code xmlns:fitch="http://www.alacra.com/fitch">06000000</fitch:index_entry_mkt_sector_code><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/fitch-ratings-Fitch_Major_Spanish_Banks_to_Maintain_Sound_Performance_Despite_Challenges-519436_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">519436_pr_frame</fitch:docid><guid isPermaLink="false">fitch/519436_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Leasing Popular S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Finance Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Credilogros CompaÃ±Ã­a Financiera S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust IV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust VI</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Capital Trust V</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Bank</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Bancorp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Compass Bancshares, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander PR Capital Trust I</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Totta SGPS</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Real Estate Investment Trust</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Caja de Ahorros y Monte de Piedad de Madrid</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ABN Amro Arrendamento Mercantil S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Abbey National Treasury Services Plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Exterior, C.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sovereign Bancorp, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Santander Consumer Finance S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Caixa D'Estalvis I Pensiones De Barcelona</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Espanol de Credito  (BANESTO)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander (Brasil) S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Santander Chile</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Provincial S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">BBVA Crecer AFP</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Banco Bilbao Vizcaya Argentaria</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">BBVA Banco Frances S.A. 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xmlns:cs="http://www.alacra.com/cs">es</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">gb</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">es</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">gb</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">81800</cs:csid><pubDate>09 Oct 2009 10:09:33 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">81800</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:regionMention xmlns:cs="http://www.alacra.com/cs">united_states</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">banks</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">banks</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">cds_relative_value_tracker</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">cds_relative_value_tracker</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>Santander: Recommendation Down to Underperform</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">106</cs:wcnum><description> Santander: Recommendation Down to Underperform SantanderÂ has changed from a Market PerformÂ recommendation toÂ Underperform in our CDS Tracker, based on five-year subordinated CDS. For the full details and rationale, please see Euro Financials...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Euro_Financials_CDS_Tracker_No_Time_For_Losers-89669</link><cs:docid xmlns:cs="http://www.alacra.com/cs">89669</cs:docid><guid isPermaLink="false">cs/89669</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We update our recommendations against the backdrop of a sustained spread rally for European banks and insurers</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">jraymond</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">sadamson</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">aegon</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">aviva</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">banco_bilbao_vizcaya_argentaria</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">barclays</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ing</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">standard_chartered</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ubs</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">aegon</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">aviva</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">banco_bilbao_vizcaya_argentaria</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">barclays</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">ing</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">standard_chartered</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">ubs</cs:companyMention><cs:csid xmlns:cs="http://www.alacra.com/cs">89669</cs:csid><pubDate>09 Oct 2009 10:09:33 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">89669</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionFocus xmlns:cs="http://www.alacra.com/cs">europe</cs:regionFocus><cs:sector xmlns:cs="http://www.alacra.com/cs">banks</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">banks</cs:sectorFocus><cs:sectorFocus xmlns:cs="http://www.alacra.com/cs">insurance</cs:sectorFocus><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">cds_relative_value_tracker</cs:tag><cs:tagFocus xmlns:cs="http://www.alacra.com/cs">cds_relative_value_tracker</cs:tagFocus><title>Euro Financials CDS Tracker: No Time For Losers</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Article</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">2309</cs:wcnum><description> Euro Financials CDS Tracker: No Time For Losers We have completed our quarterly review of our CDS Tracker and re-set our recommendations for the next three months. 
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xmlns:cs="http://www.alacra.com/cs">westlb</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">westpac</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">white_mountains</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">willis</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">woori_financial</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">xl_capital</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">zions_bancorporation</cs:index_entry_companySector><cs:index_entry_companySector xmlns:cs="http://www.alacra.com/cs">zurich_financial</cs:index_entry_companySector><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Santander_Recommendation_Up_to_Market_Perform-89683</link><cs:docid xmlns:cs="http://www.alacra.com/cs">89683</cs:docid><guid isPermaLink="false">cs/89683</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">WWTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">jraymond</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">banco_santander_central_hispano</cs:companyFocus><cs:country xmlns:cs="http://www.alacra.com/cs">es</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">gb</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">es</cs:countryMention><cs:countryMention xmlns:cs="http://www.alacra.com/cs">gb</cs:countryMention><cs:csid 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xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">cds_relative_value_tracker</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">cds_relative_value_tracker</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>Santander: Recommendation Up to Market Perform</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">112</cs:wcnum><description> Santander: Recommendation Up to Market Perform Santander:Â we have changed our recommendation on the issuer in our CDS Tracker, fromÂ Underperform to Market Perform, based on #-year subordinated CDS levels. For full details and rationale,...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item></channel></rss>