[…] Santander is selling a majority of its Polish business to Austrian bank Erste Group. The $7.9 billion deal will also see the two lenders form a partnership that will see Santander give Erste access to its payment system. Santander Executive Chair Ana Botín said last month that the bank sees an opportunity to help customers manage the volatility related to U.S. tariffs and geopolitical uncertainty. The five-year growth forecast for the world economy has dropped to 3.1%, its lowest level in 16 years, according to the World Economic Forum. The bank anticipates it will continue to increase its profitability in 2025, Botín added in an interview last month. The two lenders say they’re also forming a corporate and investment banking partnership to offer local solutions and market insights. Read full article […]