Santander on the up?
I’m sure some of you may have noticed the spate of recent senior Credit Suisse hires they’ve made.
I recognize hires aren’t enough, but with significant investment in their platform, is Santander on the up?
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Definitely a lot of potential. They're a huge bank in Europe and have a balance sheet to support significant investment banking capabilities in the US.
If WF with their monster BS can't make a big splash in their own country with all the hires they've made, then Santander is gonna have trouble doing the same abroad.
Not that WF hasn't or that Santander won't, but that's my proxy.
I get what you're saying, but same time deal flow has been sucking for everyone now. This may be an unpopular take but I think WF has a lot of potential. The risk is some groups I know the line between corporate and investment banking is blurred, so they're running some people into the ground by doing both jobs. If they can straighten out those organizational quirks, they've got potential
This is literally the most basic, unoriginal opinion that is parroted 24/7 on this site.
It’s gonna take a lot. Santander has a lot of problems ( below street base/ comp, high turnover, zero presence in the us).
Have heard they're paying the CS people street pay
Congrats on Santander!
In this environment, even your Goldman or bust college students would be lucky to take an actual investment banking offer