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Santander Bank, N. A. (/ ˌsɑːntɑːnˈdɛər /) is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs, and employs approximately ...
Banco Santander S.A. trading as Santander Group (UK: / ˌsæntənˈdɛər, - tæn -/ SAN-tən-DAIR, -tan-, US: / ˌsɑːntɑːnˈdɛər / SAHN-tahn-DAIR, [2][3] Spanish: [ˈbaŋko santanˈdeɾ]), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in most ...
In December 2012, Santander reached an agreement to sell its store card business, which includes branded cards issued for retailers including Topshop, House of Fraser and Debenhams, to SAV Credit. [25] The sale was completed on 13 May 2013, though Santander continued to service accounts on behalf of SAV Credit until 1 April 2014. [26]
In 2008, GE Capital acquired Interbanca, a merchant banking firm from Banco Santander, in exchange for GE Capital businesses in Germany, Finland, Austria, and the UK. In May 2015, GE appointed Deutsche Bank to sell the bank, then had a net assets of over €1,000,000,000. [40]
Santander withdrew from the sale on 12 October 2012. [ 70 ] In September 2013, the group confirmed it had reached an agreement to sell 314 branches to the Corsair consortium, made up of private equity firms and a number of institutional investors, including the Church Commissioners , which controls the property and investment assets of the ...
On 9 September 2010 AIB reached agreement to sell a 66% stake in BZ-WBK to Santander for €3.1 billion, the balance of the shares to be sold on the open market. [20] Any purchase over 66% would have forced Santander to make an offer to buy the entire company. [21]
The purchase of Alliance & Leicester by Santander had been agreed earlier that month. [35] Abbey migrated all customer accounts to the Partenon computer software used by Santander in June 2008. [36] On 27 October 2008, Abbey reached an agreement to sell Porterbrook to a consortium of Deutsche Bank, Lloyds TSB and Antin Infrastructure Partners. [37]
On 13 May 2013 the company completed the purchase of Santander UK's store card business, including branded cards issued for retailers including Topshop, Dorothy Perkins, House of Fraser and Debenhams. [2] Santander continued to operate the cards business until 1 April 2014, when SAV took full control and was renamed NewDay. [3] [4]