UBS loses the crown as the continental bank in Europe, the most valuable of Santender

Spanish lender Santander Bank A Swiss giant has crashed UBS As the largest bank in continental Europe through the market value, as American definitions in the banking sector extend bruises in the region.

UBS – whose share stumbled after announcing the foundation line for US President Donald Trump and mutual duties on the commercial parties in Washington – 79.5 Swiss Swiss France (97.23 billion dollars) at the closure on Wednesday, according to FactSet data, with Banco Santander in 91.3 Billion Euros ($ 103.78).

Al -Bannin has diverged in recent months, as the Swiss lender has received 17.2 % a year so far, while Panco Santander has gained approximately 35 %, according to LSEG data.

Both banks, in addition to the broader banking sector in Europe, have suffered since the imposition of protective trade policies for the White House, given that the contradictions of growth in European countries that targeted customs tariffs and the possibility of recession in the United States have been shrinking

Washington imposed a 20 % tariff on imports from the European Union, but it reduced it to 10 % under 90 days stopping Trump on April 9.

Switzerland – who is not a member of the European Union – faces a 31 % sharp tax after the temporary suspension elevators and the Trump administration threatens additional duties on imported drugs. This can provide a blow to the Swiss medicine industry that “has grown strongly” In the fourth quarter And “contributed greatly” to the country’s exports during this period.

On a broader scale, European Union banks received a batch of advertisement European Union Re -delivery initiative In March, which is scheduled to reduce regional financial rules and lead to an increase in borrowing in borrowing to enhance defensive spending.

Banco Santander is the fifth largest car lender in the country and expands through a A recent partnership With the Verizon communications giant. However, only about 9 % of its total profits were recorded for 2024.

Meanwhile, the United States is a major market for the UBS profitable wealth management department, with nearly half of the assets invested in the Swiss lender in the wider American region last year, according to its annual report.

UBS’s view of a shroud of uncertainty surrounding potential new capital requirements – the most severe of the Swiss authorities. This is followed by its expansion in the wake of the assimilation of Credit Suisse, from which he also inherited a large American presence. Lender Expected To receive more clarity in these guidelines next month.

UBS profitability can also be affected by a strong Swiss franc – historically one of the safe haven assets during market turmoil – which has been estimated at approximately 8 % against the US dollar since the latest definitions.

The Swiss currency – which was marking its local commercial groups as harmful to exports can be informed even before the customs duties – along with depression infection in the country, can be informed that the Swiss National Bank is making more defensive cuts in interest rates, which have already been reduced to only 0.25 % in March.

Compared, it is widely expected that the European Central Bank will reduce the rate of main deposit facilities by a quarter of a point when it meets later on Thursday, although this will reach 2.25 %.

The potential interest rate will occur after the European Central Bank said in March that its monetary policy “has become less restricted” – in a sign that some analysts were interpreted as indicating self -control when it comes to reducing rates.

National interest rates usually weigh the revenue of interest revenue for local lenders from loans.