Banco Santander's (STD) Brazilian unit President Marcial Portela denies reports the bank is...

|About: Banco Santander S.A. (SAN)|By:, SA News Editor

Banco Santander's (STD) Brazilian unit President Marcial Portela denies reports the bank is planning to sell an equity stake to one of its competitors. "(Santander) does not need capital," says Portela. Brazilian banks mentioned as buyers are also denying reports of talks. (earlier)