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In March 2012, the bank began to reduce the number of duplicate branches, identifying 56 that would close. Staff in the branches selected for closure were moved to other nearby branches. [18] Alliance & Leicester Commercial Bank merged into Santander's business banking division, Santander Corporate Banking, in July 2009. [19]
Santander Bank, N. A. 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, Massachusetts and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over ...
In June 2014, Santander bought GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for €700 million (US$950 million). [30] In September 2014, it was announced that Santander was in talks to merge its asset management unit with that of Unicredit to create a European firm worth €350 billion in assets. [ 31 ]
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The Santander Consumer Bank AG is a German Credit Institution in the legal form of a corporation with headquarters in Mönchengladbach. It is a wholly owned subsidiary of the Spanish Banco Santander S.A. The Santander Group is one of the largest banks in the world with over 133 million customers [2] and presence in more than 40 countries.
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