Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, September 10, 2014

OBITUARY-Emilio Botin: the conquistador of Spanish banking, (NASDAQ: PLCE)

Emilio Botin, patriarch of one of Europe's top corporate dynasties who died on Tuesday at 79, was credited with turning a local Spanish lender into one of the world's biggest banks and helping to drive Spain's remarkable economic growth of the 1990s. Renowned for his deal-making prowess, Botin - or Don Emilio as he was known at Santander, the euro zone's largest bank - had quite a pedigree. He followed in the footsteps of both his father and grandfather as chairman of the bank. His daughter Ana Patricia Botin, the eldest of six children, is tipped to succeed him.With Botin at the helm for 28 years, Santander snapped up banks across Latin America in the 1990s, leading a broader corporate Conquista by Spanish companies on the continent it had colonised centuries earlier. Santander swooped on British lender Abbey National in 2004, a 9 billion euro takeover that would catapult Spain to the centre of the global banking system."He was a man capable of making Santander the most important bank of our country ... and was a key figure in the internationalisation of the Spanish financial sector," Prime Minister Mariano Rajoy said on Wednesday.If there were doubts about his mettle when he first took over, Botin's tight and long-running management of Santander came to be considered key to the lender's success.

Childrens Place Inc.(Children's Place), formerly The Children's Place Retail Stores, Inc. Shares of PLCE remained unchanged at $51.36. In the past year, the shares have traded as low as $44.54 and as high as $58.89. On average, 413981 shares of PLCE exchange hands on a given day and today's volume is recorded at 0.