Banco Santander

Banco Santander purchased GE Money Bank, GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros ($950 million) in 2014.

GE Money Bank

Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, Payments, and Corporate Centre. The Retail & Commercial Banking segment integrates the retail banking business (individuals) and commercial banking (SMEs and corporates), except for the consumer finance and the cards businesses. The Digital Consumer Bank segment includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank, and ODS. The Corporate & Investment Banking segment includes Markets, Investment Banking (Global Debt Finance and Corporate Finance) and Global Transactional Banking, offers products and services on a global scale to corporate and institutional customers, and collaborates with other global businesses to better serve broad customer base. The Wealth Management & Insurance segment includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland and the insurance business (Santander Insurance). The Payments segment involves in the digital payment's solutions, providing global technology solutions for banks and new customers in the open market. The Corporate Centre segment includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

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BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. today announced the launch of Santander eLockBox, an electronic lockbox that works to consolidate incoming digital payments and simplify electronic receivables management for businesses. The enhanced product offering allows customers to automate their revenue cycle, saving them time, reducing costs, and optimizing more resources to help support the core needs of their organizations. “The launch of our comprehensive Santander eLockBox service is a gr

Santander Bank Continues to Digitize Solutions with Launch of the Santander eLockBox

Spain's Santander on Friday said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in the Americas and a recovery in Europe.

Santander's 2022 targets on track as Americas help

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. ("Santander US” and “Santander”) announced today that it will increase its minimum hourly wage to $20, nearly triple the federal minimum wage and higher than the minimum wage offered by most leading competitors. The wage hike is available to Santander Bank, N.A. and Santander Consumer (“SC”) USA employees who work onsite in branches, call centers and corporate offices. For Santander Bank (“the Bank”) retail branch employees, this latest wage

Santander US Increases Minimum Wage to $20

SAN FRANCISCO--(BUSINESS WIRE)-- #automotivefinance--AutoFi, the leading commerce platform for digital automotive sales and financing, announced today that Santander Consumer Canada has joined its network of North American automotive lending partners. Santander Consumer Canada, based in Edmonton, Alberta, is part of global financial group Banco Santander based in Madrid, Spain. Participating in AutoFi's program reflects Santander Consumer Canada's progressive approach to digital financing, allowing customers to rec

Santander Consumer Canada Joins the AutoFi Lending Network to Provide Fast and Easy Online Automotive Financing

BOSTON--(BUSINESS WIRE)--Santander Bank announced today it has raised its prime rate from 3.25% to 3.50%, effective March 16, 2022. Santander Bank, N.A. is one of the country's largest retail and commercial banks with $89.5 billion in assets. With its corporate offices in Boston, the Bank's approximately 9,200 employees and more than 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank i

Santander Bank Raises Its Prime Rate to 3.50%

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“Santander US”), today announced that Dr. Virnitia Hendricks has been named Chief Diversity Officer, Head of Diversity, Equity and Inclusion (“DE&I”) for Santander US. Hendricks will have a dual reporting relationship to Mahesh Aditya, Santander Consumer (“SC”) CEO and US Diversity Champion and Rosilyn Houston, Santander US Chief Human Resources Officer (CHRO). Hendricks also joins the Santander US Leadership Team, headed by Santander U

Santander US Holdings Names Dr. Virnitia Hendricks Chief Diversity Officer, Head of Diversity, Equity and Inclusion

Santander Bank is streamlining its executive structure and boosting its efforts in the digital space, the Madrid, Spain, institution announced Thursday (Feb. 24). Chief Executive Officer Jose Antonio Alvarez will report to the full board directly instead of through Chairwoman Ana Botin, Santander stated in a news release.

Santander Speeds up Digital Move, Shifts Corporate Structure

Spain's Santander on Thursday said its Chief Executive Officer Jose Antonio Alvarez will report exclusively to the bank's board as part of a change in its corporate governance structure while accelerating its digital transformation.

Santander's CEO will report exclusively to the board, accelerates digital push

In today's article, I'm taking a bit of a step to the left (in Europe and Brazil) and moving into Spain. I'm looking at Santander. Banco Santander is a global banking institution with presence in all major financial centers on the planet. It's the 16th-largest on earth. It's a systemically important bank.

Santander: The Highest Banking Upside In All Of Europe

Banco Santander is one of the European banks with better fundamentals.

Banco Santander Offers A Good Combination Of Yield And Value

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX) Management on Q4 2021 Results - Earnings Call Transcript

Banco Santander's (SAN) CEO José Antonio Álvarez on Q4 2021 Results - Earnings Call Transcript

Banco Santander-Chile (BSAC) Management on Q4 2021 Results - Earnings Call Transcript

Banco Santander (Brasil) S.A. (BSBR) CEO Sergio Rial on Q4 2021 Results - Earnings Call Transcript

Banco Santander (LSE:BNC) announced its highest quarterly profit for 12 years in the final three months of 2021, as activity rebounded, leading to strong growth in lending and deposits. Underlying profits in the last three months of 2021 totalled €2.27bn, up 5% versus the previous quarter.

Santander reports highest quarterly profit for 12 years

Spain's Santander on Wednesday reported an eight-fold rise in fourth quarter net profit in 2021 compared to the same period a year earlier thanks to a release of COVID-related provisions which contributed to lower loan loss impairments.

Santander Q4 net profit rises eight-fold on lower provisions

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“SHUSA”) today announced that the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) has approved the acquisition of all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (“SC”) not already owned by SHUSA and that SHUSA's previously announced tender offer (the “Tender Offer”) to acquire such shares of common stock of SC for $41.50 per share (the “Offer Price”) has expired. The Tender Offe

Santander Holdings USA, Inc. Announces Federal Reserve Approval of its Acquisition of the Shares It Does Not Own of Santander Consumer USA Holdings Inc. and the Expiration of its Tender Offer to Acquire Such Shares

Santander Consumer (SC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Santander Consumer (SC) to Report Q4 Results: Wall Street Expects Earnings Growth

The bank touts its security and prestige as a key factor differentiating it from fintech rivals like Klarna and Afterpay.

Santander launches a buy now, pay later service to take on fintech rivals

Santander Consumer USA Hlds

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“SHUSA”) today announced that it has extended the expiration date of its previously announced tender offer (the “Tender Offer”) to acquire all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (“SC”) not already owned by SHUSA for $41.50 per share (the “Offer Price”). Under the terms of the merger agreement entered into on August 23, 2021 by and among SHUSA, SC and Max Merger Sub, Inc., a wholly owned subsidiary of

Santander Holdings USA, Inc. Announces Extension of Tender Offer to Acquire Shares it Does not Own of Santander Consumer USA Holdings Inc. for $41.50 per Share

A Madrid court reduced by roughly 16 million euros to 51.4 million euros the compensation awarded to Andrea Orcel last month after Santander withdrew an offer to make the Italian banker its CEO.

Exclusive-Madrid court reduces to 51.4 million euros compensation awarded to Orcel by Santander - court document

Thousands of people got a surprise present on Christmas Day this year when a bank accidentally deposited £130 million across 75,000 transactions.

Bank accidentally deposits $176 million into people's accounts on Christmas Day

Santander's UK bank on Thursday was seeking to recover £130 million ($175 million) it paid out on Christmas Day by mistake.

Santander UK hands out £130 mn in Christmas Day error

Santander plans to challenge a court ruling it must pay Andrea Orcel 68 million euros ($77 million) for changing its mind over making him CEO, though lawyers say the bank has a slim chance of clawing back much in a battle that has damaged its reputation.

Bruised Santander faces battle to save face in Orcel defeat

Ferrari

Ferrari NV (NYSE: RACE) stated that Banco Santander SA (OTC: BCDRF) will be a team Premium Partner from next season, reviving a partnership with the Maranello team held from 2010 to 2017. The partnership, covering multiple years, will see the bank's logo back on the Scuderia cars, on the race suits of drivers, Charles Leclerc and Carlos Sainz, on the caps and will also be present in the Ferrari Driver Academy activities.

News for Banco Santander Stock (SAN)