Santander mulls special payout

Santander may have to return cash to shareholders next year through a special dividend. Regulators are pressing banks to increase their capital ratios and Santander is set to overshoot its target.<br /><br />The bank has a target for core tier one capital of seven per cent of risk-weighted assets but expects to reach 8.5 per cent. &ldquo;At this rate, we would then have to take a decision &ndash; either we do a bigger payout, an extraordinary dividend, a payback, or we stay with 8.5 per cent until the legislative clouds have cleared,&rdquo; chief executive Alfredo S&aacute;enz told the Financial Times.<br />