Santander buys back asset management unit, eyes Allfunds sale

The Spanish bank is clawing back the 50% stake in Santander Asset Management it sold to Warburg Pincus and General Atlantic for EUR 2 billion in 2013. It manages EUR 170 billion in client assets.

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Itaú keen on additional Latin American expansion

Roberto Setúbal, Itaú's President, said the second-largest Brazilian bank is keen on growing its business in Chile and in other Latin American countries and is considering acquisitions.

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Santander sells 50% of fund unit to Warburg, General Atlantic

The business was valued at about EUR2 billion, or nearly USD2.7 billion.

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