Santander CFO on Europe's Challenges, Cost Cuts, Consolidation

The transcript discusses the economic conditions in Europe, particularly Spain, and contrasts them with Latin America. It highlights growth in the auto finance sector and challenges in the UK market due to Brexit. The shift towards digital banking and cost-cutting measures, including branch closures, are addressed. The capital raising strategy in Mexico is explored, with positive investor reactions. Political risks in Spain and future strategic plans are also discussed, emphasizing the need for job creation, budget stability, and long-term savings.

What is the significance of the capital raising in Mexico as discussed in the text?

What concerns were raised regarding the potential new government in Spain?

What is the outlook for cross-border mergers or acquisitions in Europe according to the speaker?