Santander said to plan boosting stake in U.S. consumer unit

BANCO SANTANDER IS seeking to increase control of its U.S. subprime auto loan unit, which seems more likely now after the bank passed the Federal Reserve's bank stress test last month. /BLOOMBERG FILE PHOTO /ANGEL NAVARRETE
BANCO SANTANDER GROUP said strong growth in Brazil, Spain, Mexico, and the U.S. helped boost its second-quarter results, released Wednesday /BLOOMBERG FILE PHOTO /ANGEL NAVARRETE
NEW YORK -Banco Santander plans to go ahead with a proposal to increase control of its United States subprime auto loan unit, after the business passed the Federal Reserve’s stress test last month, according to people familiar with the matter. Banco Santander believes it can benefit from holding a bigger stake in Santander Consumer USA Holdings…

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