Core Viewpoint - Bank of America (BAC) has agreed to acquire a €100-million ($118 million) Spanish real estate loan portfolio from Banco Santander, marking its second deal with the Spanish lender this year as part of Santander's strategy to divest €40-€45 billion in risk-weighted assets by 2025 [1][7]. Group 1: Bank of America's Strategy - The acquisition provides BAC with a foothold in Spain's real estate lending market during a period of repricing of European property assets due to shifting interest rates [3]. - Earlier in the year, BAC purchased a portfolio of hotel-related loans from Santander, indicating a focused effort to expand in specialized real estate lending [3]. - This move is expected to help BAC diversify its asset base and capture higher yields from European commercial real estate loans [3]. Group 2: Santander's Balance Sheet Goals - Santander is utilizing this transaction to accelerate its de-risking efforts, actively selling loan portfolios to strengthen capital ratios and free up resources for core lending businesses [4]. - In addition to the deal with BAC, Santander has sold distressed loan portfolios to Goldman Sachs and Morgan Stanley in recent months [5]. - These transactions aim to improve capital efficiency while reducing exposure to cyclical sectors like real estate [5]. Group 3: Market Performance - Over the past six months, shares of BAC have gained 22.7%, compared to the industry's growth of 28.9% [6].

Group 1 - Leaders from Shell, Pfizer, BBC, Genpact, Santander, and WNS have been recognized as winners of the 2025 ISG Women in Digital Awards for the EMEA region [1]

Core Viewpoint - Bank of America has agreed to acquire a Spanish real estate portfolio valued at approximately €100 million ($118 million) from Banco Santander, indicating Santander's strategy to manage risks through asset sales [2] Group 1: Company Actions - Bank of America is expanding its portfolio by purchasing real estate assets in Spain [2] - Banco Santander is actively selling assets as part of its risk management strategy [2] Group 2: Financial Details - The transaction involves a real estate portfolio valued at around €100 million, equivalent to $118 million [2]

Core Insights - Banco Santander has launched retail crypto trading through its online banking subsidiary, Openbank, marking a significant entry into the digital asset space for one of Europe's largest banks [1][6] - The service allows customers to trade a select list of cryptocurrencies directly from the Openbank app, with plans for expansion into Spain and the EU [2][3] Group 1: Service Launch and Features - The crypto trading service began on September 16 for Openbank users in Germany, enabling them to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, Litecoin, Polygon, and Cardano [2][6] - The integration allows retail clients to manage crypto trades alongside traditional investments such as stocks and ETFs without relying on third-party exchanges [3][6] Group 2: Expansion Plans - Santander plans to extend the crypto trading service to Spain by the end of September, with a broader rollout across the EU scheduled shortly thereafter [3][6] - Openbank currently serves over 2 million clients across multiple countries, including Spain, Germany, Portugal, the Netherlands, the U.S., and Mexico [3] Group 3: Industry Context - Santander's move is part of a larger trend among European banks to adopt regulated crypto services, driven by the EU's Markets in Crypto-Assets (MiCA) legislation [4][5] - Other banks in Germany, such as DZ Bank and Sparkassen-Finanzgruppe, are also advancing their crypto offerings, indicating a growing acceptance of digital assets in the banking sector [7]

Core Insights - Sanofi's brivekimig demonstrated positive results in the phase 2a HS-OBTAIN study for treating moderate-to-severe hidradenitis suppurativa (HS) [2][4][10] - The treatment showed clinically meaningful improvements in the primary endpoint, HiSCR50, with a median response rate of 67% in the brivekimig group compared to 37% in the placebo group [8] - Brivekimig was well tolerated, with no serious adverse events reported, and the most common adverse events were nasopharyngitis and headache [5][6] Study Details - The HS-OBTAIN study was a randomized, double-blind, placebo-controlled trial assessing the efficacy and safety of brivekimig in biologic-naïve adults with moderate-to-severe HS [10][11] - Patients were randomized 2:1 to receive brivekimig 150 mg or placebo subcutaneously every two weeks for 16 weeks [11] - Key secondary endpoints also showed significant improvements, with 54% of patients achieving HiSCR75 and 31% achieving HiSCR90 in the brivekimig group compared to 22% and 9% in the placebo group, respectively [8] Mechanism and Future Directions - Brivekimig is a dual-target Nanobody® molecule that inhibits tumor necrosis factor (TNF) and OX40-ligand, which are crucial in inflammatory pathways [7][9] - The results indicate that targeting both TNF and OX40L pathways may provide a promising strategy for reducing inflammation in HS [4][6] - Sanofi is committed to exploring brivekimig further and its potential impact on chronic inflammatory skin diseases [6][12]

Market Expansion - Banco Santander, Spain's largest bank and Europe's fourth largest, has launched retail crypto trading through Openbank [1] - Initially available to retail clients in Germany, supporting BTC, ETH, LTC, MATIC, and ADA [1] - Plans to expand the range of supported tokens in the coming months [1] - Service rollout to Spanish clients is expected in the coming weeks [1]

Core Insights - Openbank, a digital bank owned by Santander, has launched a cryptocurrency trading service for its customers in Germany, allowing them to buy, sell, or hold various cryptocurrencies including Bitcoin, Ether, Litecoin, Polygon, and Cardano [2][4] - The service is set to expand to Spain in the coming weeks, and customers can manage their cryptocurrency investments without needing to transfer funds to other platforms [2][4] - Openbank plans to broaden its cryptocurrency offerings and introduce new functionalities, such as the ability to convert between different cryptocurrencies [3] Company Developments - The launch of the cryptocurrency trading service is a response to customer demand and aims to enhance Openbank's product and service range through a user-friendly technology platform [4] - This initiative follows Santander's earlier considerations of offering a stablecoin and providing crypto access to its retail clients, indicating a strategic move towards integrating digital assets into traditional banking services [5] Industry Context - The regulatory environment is shifting, with the Office of the Comptroller of the Currency (OCC) now supporting the integration of crypto activities within banking, which could reshape the competitive landscape for financial institutions [6][7] - The rise of stablecoins poses challenges for regional lenders and credit unions, potentially leading to deposit flight as customers seek better opportunities in digital assets [5]

NEW: @bancosantander now offers POL trading in Germany to all Openbank customers, expanding to Spain soon.One of Europe’s largest banks is bringing POL to millions, backed by Santander’s guarantees and full MiCA investor protections. A major step for institutional adoption. https://t.co/vmE3VpH6X5 ...

Core Insights - Santander Group's digital banking arm, Openbank, has launched cryptocurrency trading for customers in Germany, with plans to expand to Spain soon [1][2] - The service allows users to buy, sell, and hold five cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC), and cardano (ADA), alongside traditional investment options [1] - The bank charges a transaction fee of 1.49% with a minimum fee of 1 euro ($1.2), and there are no custody fees involved [3] Group 1 - Openbank enables customers to trade cryptocurrencies without transferring funds to external platforms, consolidating investments under Santander's services [2] - The bank aims to meet customer demand by integrating major cryptocurrencies into its investment platform [2] - Future plans include adding more cryptocurrencies and features like crypto-to-crypto conversions [3] Group 2 - Santander Private Bank has previously allowed clients in Switzerland to trade BTC and ETH, utilizing custody technology from Taurus [4]

转自：新华财经 •桑坦德银行：英国央行或已结束降息，薪资通胀黏性支撑鹰派立场 •标普：预计美联储9月降息25基点至4.00%-4.25% •RBC BlueBay：预测美联储2025年累计降息75基点 •凯投宏观分析师表示，目前市场确实定价美联储会进行多次降息。总体而言，这或许表明，美联储政 策出现鹰派意外的门槛略低于出现鸽派意外的门槛，美联储很可能会坚持其谨慎的沟通方式，不会透露 太多信息。 •德国9月ZEW经济景气指数意外升至37.3（前值34.7），远超市场预期的25，反映投资者对经济复苏持 谨慎乐观；但现状指数恶化，凸显当下疲软。德国ZEW总裁指出，德国9月汽车、化工、制药及金属等 出口行业前景改善是主因，但美国关税与国内"改革秋季"政策不确定性仍构成重大风险。 •中金公司分析指出，2025年9月FOMC会议降息25基点预期概率已超90%（CME FedWatch），10月、12 月再降息概率均超70%。触发因素为美国8月CPI同比2.9%、核心CPI 3.1%，通胀温和；8月非农仅增2.2 万，叠加就业数据大幅下修（累计少报91.1万岗位），劳动力市场明显走弱。 •麦肯锡预测显示，至2030年，全球 ...