• <a fr-original-style="" href="https://www.ft.com/content/0431e151-bde5-456b-a9e4-ac311ee80bab" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Ana Botin</a>, CEO of Santander, criticized windfall taxes on banks as European governments consider raiding lenders that are benefiting from rising interest rates. Santander, the eurozone’s third-largest bank, would be one of the hardest hit under proposals by Spain’s left-wing coalition to raise €3 billion from banks to cushion the impact of surging energy prices.<img src="https://images.aposto.com/2022/10/0/1668971758695.png" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.79" width="550" alt="Ana Botin" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via FT<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Zoom in: Figures from the Spanish Banking Association showed that if banks were forced to pay €3 billion in taxes, it would reduce their lending capacity by €50 billion. The ECB has also criticized Spain’s proposed windfall tax, saying it could damage bank capital positions, disrupt monetary policy, and be difficult to enforce.</li></ul>

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