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Why Spanish banks are risky

Walking around the lovely city of Santander, I was pleased to find a Santander bank branch in Santander.

Santander3

Isn't it just a lovely looking branch?

Now Santander (the bank) is a bank that heavily promotes taking risks in this branch, which surprised me.

Admittedly, it's taking calculated risks but, if you look at the front of the branch, it's all about Formula 1.

Santander1 OK, they sponsor Ferrari and need to make the most of that sponsorship but, after Webber and Kovalainen's spectacular crash last week at the European Grand Prix in Valencia …

Webber

Source: BBC

… this is risky stuff.

Mind you it is calculated risk, as Webber walked away from that spin uninjured.

So do we associate Santander with risk?

Well, when you find Santander's bank branch in Santander in prime location here:

Santander2
Santander4

Maybe you do.

Mind you, what a great idea for the high rollers to be able to leave the Casino and immediately get another million or so to gamble.

Maybe Santander isn't so risky after all.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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