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Santander Books EUR337 Million Extraordinary Gain on Reinsurance Deal

By David Roman MADRID--Spain's Banco Santander SA (SAN) said Thursday it is booking an after-tax extraordinary gain of 337 million euros ($413.5 million), following a reinsurance deal with Abbey Life Ltd., a subsidiary of Deutsche Bank AG (DB). Santander, Spain's largest bank by market value, said the deal involves the transfer of a portfolio of policies to Abbey Life and added that it plans to use to proceed to cover provisions related to real estate assets, in line with recent government directives. Write to David Roman at david.roman@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
06/24/201618:10:00Bank Shares Plummet Around the World, but Europe Fares Worst
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06/24/201614:50:00European Banks Take Beating After 'Brexit' Vote -- Update
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06/23/201617:10:00Fed Stress Tests: All Big Banks Clear Bar for Capital Requirements
06/23/201608:30:00Poland Looks to Buy Banks From Eurozone Owners
06/22/201608:10:00What to Watch for in Fed's Stress Tests of Big Banks
06/21/201615:25:19Report of Foreign Issuer (6-k)
06/21/201611:31:00Santander Awards Over $3.1 Million in New Charitable Grants to...
06/15/201608:00:00Watch List for Foreign Money Center Banks Equities -- Banco Santander...
06/03/201609:01:00Spanish Police Seek Documents From Banco Santander--Update
06/03/201607:30:00Spanish Police Seek Documents From Banco Santander
06/03/201606:29:00Spanish Police Request Documents from Santander in HSBC Investigation
05/25/201611:53:00Santander Celebrates Branch Relocation To Union Square Area With...
05/25/201601:00:00Sanofi Genzyme Launches its vs.MS Global Campaign to Address...
05/19/201611:53:00Santander Opens New Branch At Boston Medical Center
05/16/201609:00:00Sanofi Genzyme Announces Multiple Sclerosis Research Collaboration...
05/04/201616:49:42Report of Foreign Issuer (6-k)

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