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Charles Penty

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BANCO SANTANDER SA'S U.S. consumer lending business is looking to raise as much as $1.56 billion through an initial public offering, which will help capitalize its subprime auto purchase and lease loan business. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander Consumer USA seeks $1.56 billion in auto loans IPO

MADRID - Banco Santander SA’s U.S. consumer lender subsidiary, which originates subprime loans for new-vehicle purchases and leases, is seeking to raise as much...
BANCE SANTANDER SA has agreed to sell half of its asset-management division to U.S. buyout firms Warburg Pincus LLC and General Atlantic LLC. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander sells fund unit stake to Warburg, General Atlantic

MADRID – Banco Santander SA agreed to sell half of its asset-management division to U.S. buyout firms Warburg Pincus LLC and General Atlantic LLC...
BANCO SANTANDER has named Javier Marin its new CEO, succeeding Alfredo Saenz, who resigned less than a week after Santander reported that first-quarter net profit fell 26 percent. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander names Javier Marin as CEO after Saenz quits

MADRID - Banco Santander SA, Spain’s biggest bank, named Javier Marin as its new CEO, turning to a leader from a younger generation after...

Santander among 28 Spanish banks cut by Moody’s on debt risk

MADRID - Banco Santander SA – parent of Boston-based Sovereign Bank – and Banco Bilbao Vizcaya Argentaria SA were among 28 Spanish banks downgraded...

Santander 2011 profit to be in line with 2010, Botin says

MADRID, Spain - Banco Santander SA Chairman Emilio Botin told shareholders that full-year profit at Spain’s biggest bank would be “in line” with 2010...
BANCO SANTANDER SA agreed to sell $2.7 billion of bonds that must be converted into stock in its Brazilian unit to Qatar Holding LLC. /

Santander looks to raise funds, sells 5% stake in Brazil unit...

MADRID - Banco Santander SA, the parent company of Sovereign Bank, agreed to sell $2.7 billion of bonds that must be converted into stock...
HIGH UNEMPLOYMENT AND A SPUTTERING SPANISH ECONOMY HAVE PUSHED UP FUNDING COSTS at Banco Santander, the parent company of Sovereign Bancorp. /

Spain’s Santander funds at higher rate to inferior banks thanks to...

MADRID - Anyone wondering why the most profitable bank in the euro region pays more to borrow than some of the worst performers can...

Santander analysts’ trades before Potash takeover bid made $1.1M profit, SEC...

WASHINGTON - A Banco Santander SA analyst and an accomplice illegally reaped almost $1.1 million with insider trades before BHP Billiton Ltd.’s $39 billion...
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