Banco Santander shares fall 1.35% premarket amid IBEX 35 drop due to Fed independence concerns.

Banco Santander, S.A. declined 1.35% in premarket trading. The drop in the stock price can be attributed to the overall negative sentiment in the market, as the IBEX 35 index, which includes Banco Santander, opened in the red due to concerns over the Fed's independence and potential rate cuts. Additionally, the Polish government's plan to raise corporate tax on banks to 30% in 2026, from 19% currently, has negatively impacted the banking sector, which could also be influencing Banco Santander's stock price.