Sunday, June 13, 2010


This stinks!

Santander is the biggest bank in Europe and over the last two years has got bigger following the crash. It is a Bilderberg bank in that its Executive Vice Chairman, Matías Rodriguez Inciarte, has been there nearly every year for the last decade.

But RBS is also a Bilderberg bank in that it had Sir Peter Sutherland and Sir Tom McKillop on its board. Sutherland is/was a member of the steering committee and like Inciarte was at Bilderberg nearly every year in the last decade as the credit bubble was inflated and then deliberately burst by ALLOWING Lehman to collapse.

And while Sutherland was at RBS he was also a top cat in Goldman Sachs!

Under Sutherland and McKillop Fred Goodwin, who had no banking experience, made RBS the biggest bank in the world in terms of assets, and then drove RBS into oblivion.

Santander and RBS are members of the Rothschild Inter Alpha Group.

Santander got Abbey National, Bradford & Bingley and Alliance & Leicester.

And now Santander is going to get 318 branches from Royal Bank of Scotland.

Another Bilderberg bank JP Morgan got RBS's European commodoties business.

And what's the logo of Santander? A flame.

If you ask me some insider dealing was arranged through the Bilderberg network. The proof? Read this paragraph from the report below. It stinks of foreknowledge.
Unlike other smaller Spanish banks, Santander has survived the global financial meltdown after it sold parts of its property portfolio just as the market started to crack in 2007.

Always ask the question, cui bono?

The Bilderberg banks have increased significantly in strength, while the rest have gone under, been bought up by the Bilderberg banks or just about survived.



Santander set to buy 318 branches from Royal Bank of Scotland

• Santander ends up as sole bidder after £2bn offer in April
• Deal would lift group's share of Britain's SME market to 9%

Santander, the Spanish bank that bought Abbey National, is set to acquire 318 high street branches from the Royal Bank of Scotland as the only bidder left in a sale process that ends tomorrow.

The Spanish business, the largest bank in the eurozone, submitted an indicative offer of about £2bn in April to buy the branches the European Union is forcing RBS to sell, following the government's multimillion-pound bailout at the height of the credit crunch.

Santander's purchase would lift its share in Britain's small and medium-sized company market to about 9%, up from 3% now. The bank controls 14% of the country's mortgage market and 10% of retail savings and overall branches.

RBS, 84% controlled by the taxpayer, has until 2013 to sell the branches, and it may decline any offers below the asking price. The bank stunned financial markets last year when it announced it expected a record £28bn loss, linked to bad loans and the plunging value of toxic assets, and has sold its European commodities business to JP Morgan for $1.7bn.

Unlike other smaller Spanish banks, Santander has survived the global financial meltdown after it sold parts of its property portfolio just as the market started to crack in 2007.

The bank also has extensive interests in South America, a region less affected by the US sub-prime mortgage crisis. The bank recently said it expected this year to match last year's €8.9bn profits.

Santander plans to grow in the UK after buying Abbey National, Bradford & Bingley and Alliance & Leicester. The company has said in the past that floating its UK business on the stock market was a possibility, although it conceded it was "very early days".

Santander earned €1.4bn out of the partial stock market listing of its Brazilian unit last year.

The bank's UK business posted annual profits of £1.5bn in 2009, up 30% from 2008.

Santander expects double-digit growth in Britain this year, pushed by a recovering economy, and through "opportunities that may arise", chairman Emilio Botín said in February.

Instead, RBS is trying to shore up its books as the government prepares a scaled exit from its ownership. The bank recently made its debut in the covered bond market, where banks issue bonds backed up by their loan portfolio. The bank raised €1.25bn, after attracting €1.9bn of orders from nearly 100 different investors.

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