Word: spent
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...ailing Dutch giant for $103.7 billion. But while both RBS and Fortis are now on the casualty list themselves, Santander's $17 billion stake in the Brazilian wing of ABN Amro is worth about $49 billion after merging with Santander's existing business in Brazil. In 2007, the firm spent just under $10 billion for Italy's Banca Antonveneta, which it promptly sold off for a $3.74 billion profit. (See pictures of the global financial crisis...
Santander still has to prove itself in the U.S., however. In 2006, the Spanish firm spent $2.9 billion to buy 25% of Sovereign Bancorp, a regional bank in the northeast. By October 2008 Sovereign's stock had fallen 85% and Santander exercised its right of first refusal to buy the remaining 75% for $1.9 billion. Now it has to hope Sovereign is worth more than the peanuts Santander paid for it. "If a bank is strong, it is not for sale. Banks are sold, not bought," says Juan Rodríguez Inciarte, Santander's director general and an architect...
Growing up the son of a director has made me very aware of the various turns that a directing career can take. Sometimes your films turn out exactly as you want. Sometimes they don't. I spent a lot of my childhood on sets. I think as a joke, my father gave me a line of dialogue in each of his films during the worst moments of my puberty. I don't really think of that as an acting career but more my father pushing me never to become an actor...
...need to settle a bet with a friend. After watching Thank You for Smoking, we spent time contemplating your stance on the subject. What...
...What They're Protesting in Australia: Australian sheep farmer Peter Spencer, 61, has spent more than a month and a half on a hunger strike to protest a climate-change policy that prohibits him from clearing vegetation from his farm. Spencer--with the support of hundreds of other protesters--has argued that the laws, instituted to cut greenhouse-gas emissions, have reduced the commercial viability of his land. He is demanding compensation for his losses, something the government says should be decided by the courts...