OBITUARY EMILIO BOTiN: Hard act to follow

Santander, the bank whose chairman Emilio Botin died suddenly in September at the age of 79, became a force on the global banking stage largely thanks to his decision to expand into Latin America after Spain joined the European Union in 1986, the year that Botin took over the helm from his father. S...

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Bibliographic Details
Published in:LatinFinance 2014-11
Main Author: Chislett, William
Format: Article
Language:English
Subjects:
Bailouts
Banking industry
Eurozone
Financial services
International
Market strategy
Online Access:Get full text
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Summary:Santander, the bank whose chairman Emilio Botin died suddenly in September at the age of 79, became a force on the global banking stage largely thanks to his decision to expand into Latin America after Spain joined the European Union in 1986, the year that Botin took over the helm from his father. Spain's banking market had become saturated; more than 45 savings banks were gaining in market share and Europe was committed to the creation of a single market for goods and services. Meanwhile, the main Latin American countries were undergoing deregulation, privatization, and liberalization of competition.
ISSN:1048-535X