Banco Santander (Brasil) S.A. shares fall 1.37% intraday as Santander-backed Ebury's London listing faces uncertainty.

Banco Santander (Brasil) S.A. declined 1.37% in intraday trading. The company announced plans to split its insurance operations into two: Life and Pensions, and Protection Insurance. Additionally, Banco Santander appointed Peter Huber as its new global head of insurance, who has over 20 years of experience and joins from insurtech Wefox. However, the London listing of Santander-backed payments company Ebury faces uncertainty due to market volatility, which may have contributed to the stock's decline.