UBS loses crown as continental Europe’s most valuable bank to Santander

Spanish lender Santander Bank Has eclipsed Swiss giant UBS As the largest bank in continental Europe for market capitalization, while US tariffs through the region’s bankruptcy banking sector.

UBS, whose action touches a deep fall after the announcement of April 2 of the baseline of US President Donald Trump and reciprocal drafts on the commercial counterparts of Washington, had a market capitalization of 79.5 Swiss francs ($ 97.23 Bilseting to Ban, on Wednesday Santander at 91.3 billion euros ($ 103.78 billion).

The actions of the two banks have been divented in recent months, with the Swiss lender who threw 17.2% in the year to date, while Banco Santander has won almost 35%, according to LSE data.

Both banks, together with the broader banking sector in Europe, have suffered since the imposition of the White House protectionist policies, given the reduced growth perspective for European countries of Tarifa truck and the perspective of a recession in the United States.

Washington imposed tariffs of 20% to imports from the European Union, but has dropped to 10% under a 90 -day pause announced by Trump on April 9.

Switzerland, who is not a member of the EU, faces a more pronounced tax of 31% after the pause and Trump administration has also threatened with additional tariffs on imported drugs. This could hit the Swiss pharmaceutical industry that “grew robust” in the fourth quarter and “contributed significantly” to the country’s exports over the period.

In more general terms, the Banks of the European Union received an impulse from the announcement of the Rearm Initiative of the European Union in March, which will loosen the regional tax rules and triggers a greater loan activity to boost defense spending.

The two largest lenders in continental Europe have very different exhibitions to the US market.

Banco Santander is the fifth car lender in the country and is expanding through a recent association with the Verizon telecommunications giant. However, he never registered about 9% of his total earnings for 2024 State.

Meanwhile, the United States is a key market for the lucrative Division of Global Heritage Management of UBS, with approximately half of the inverted assets of the Swiss lender concentrated in the widest region of the Americas last year, according to its annual report.

The UBS perspective has also been clouded by an element of uncertainty that surrounds the potential potential and most pronounced capital requirements of the Swiss authorities. This follows its expansion as a result of absorbing the credit of collapsed national pairs, of which an important presence in the United States is also inherited. The lender hopes to receive more clarity about these guidelines next month.

The profitability of UBS could also be affected by a strong Swiss Franco, historically an agitation of the market duration of secure refuge assets, which has been appreciated in approximately 8% against the US dollar since the imposition of the latest rates.

Switzerland’s Appreciating Currency – WHOSE STRENGTH LOCAL TRADE GROUPS HAD FLAGGED AS DAMAGING TO EXPORTS EVEN BEFORE TARIFS CAME INTO EFECT – COUGD, ALONG WITH DEPRESSED INFLATION IN THE COUNTRY, See The Swiss National Bank Make Further Further Further Further Further further Interestive Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Tuts Defensive Tuts Tuts Tuts Defensive Tuts Tuts. In March.

In comparison, the European Central Bank, widely, is expected to cut its key deposit installation rate in a room when it meets later on Thursday, although this will lead to 2.25%.

The possible reduction in the interest rate would be carried out after the ECB said in March that its monetary policy was “becoming significantly less restrictive”, in a sign that some systems interpreted as a restriction that indicates to the further decrease rates.

Decreases in national interest rates generally weigh on income from income from net interests of local loan lenders.