"Banco Santander Banco Santander, S.A., doing business as Santander Group (), is a Spanish multinational commercial bank and financial services company founded and based in Santander, Spain. In addition to hubs in Madrid and Barcelona, Santander maintains a presence in all global financial centres as the largest Spanish banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market"
"growth equity firm General Atlantic, along with Warburg Pincus LLC, acquired a 50% stake in Santander Asset Management. Santander and La Liga have a title sponsorship deal from 2016–17 season, making the Spanish top flight football league, commercially known as LaLiga Santander. Santander will sponsor the UEFA Champions League for three years starting from 2018–19 season. Santander also sponsors the main South American club competition Copa Libertadores, since 2008. In Formula One, from 2007 to 2017, Santander has been a corporate sponsor of the Ferrari and McLaren teams. Banco Santander Banco Santander, S.A., doing business as Santander Group (), is"
"shareholding and Santander owns 75% of the bank, the rest is free float. In December 2012, Banco Santander announced that it would absorb Banesto and Banco BANIF, purchasing the remaining 10% of Banesto it did not already own. In October 2013, Santander acquired 51% in Spain's largest consumer finance business, El Corte Inglés, for around €140 million. In June 2014 Santander bought GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros ($950 million). In September 2014, it was announced that Santander was in talks to merge its asset management unit with that"
"into Santander's business banking division, Santander Corporate Banking, in 2009. On 9 March 2010, Santander sold the investment and asset management business James Hay to IFG Group for £35 million. Later in the year, it was confirmed on 4 August that Santander would purchase the branches of The Royal Bank of Scotland in England and Wales, and the branches of NatWest in Scotland as part of a divestment of the business by The Royal Bank of Scotland Group. The deal collapsed on 12 October 2012. Santander has frequently been rated the worst bank for customer service in the United Kingdom,"
"be renamed under the Santander brand on 11 January 2010. Credit cards issued by Abbey were the first to change to Santander. The Abbey name was retained for the Abbey for Intermediaries mortgage division and was retained for a time for Abbey International before the latter was subsequently rebranded as Santander Private Banking. The Cater Allen, James Hay and Cahoot brands remained. Santander UK plc also retained the name Abbey National Treasury Services ltd (""ANTS"") for the division responsible for managing its liquidity, risk management and wholesale banking needs. Abbey's registered office was in London (built on the site of"
"later this or next year, or complete closure of cahoot products and transferred to Santander Current accounts / standard savings accounts etc. On 7 June 2015, Cahoot ceased to pay interest on current account balances. Their call centre operates on skeleton staffing, compared to most inbound call centres, and does not have specialised call centre staff advising on varied products; instead, staff are trained on a broad range of products. Cahoot introduced the Faster Payments Service on 1 January 2012, the latest date possible under Financial Services Authority (FSA) regulations. Cahoot cahoot is the internet division of Santander UK plc,"
"although by July 2011 had sought to improve, notably by returning call centre operations to the UK from India. During 2011, the bank put aside £538m to cover claims from customers for the misselling of payment protection insurance (PPI), as did many other banks in the country. 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. The sale was completed on 13 May 2013, though Santander continued to service accounts on behalf of SAV Credit until 1 April 2014."
"branded as Santander Cycles. Santander replaced Barclays as title sponsor. Santander UK Santander UK plc ()is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Santander UK is one of the leading personal financial services companies in the United Kingdom, and one of the largest providers of mortgages and savings in the United Kingdom. The bank has circa 20,000 employees, 14 million active customers, with almost 1,010 branches and 50 corporate business centres. The bank, with its head office in the"
"fully integrated and rebranded as Santander by the end of 2011. The bank's international subsidiary based in Douglas, Isle of Man, Alliance & Leicester International, continued to use the Alliance & Leicester name until it was merged into Santander UK in May 2013. The former building society was formed by the merger of the Alliance Building Society (originally based in and called the Brighton & Sussex) and the Leicester Building Society on 1 October 1985. In July 1990, the society acquired Girobank, a major provider of cash handling services to the government and large companies and current accounts, from the"
"when Abbey National plc was combined with the savings business and branches of Bradford & Bingley plc, and renamed Santander UK plc. Alliance & Leicester plc merged into the renamed business in May 2010. Between 2007 and 2010, Santander was ranked as worst bank for customer service in the J. D. Power UK Retail Banking Satisfaction Study. However, its '123' product range was ranked third best in the UK in 2013 and in a moneysavingexpert.com poll in 2014 customers ranked their satisfaction higher than with any of other main high street banks. In October 2011, Moody's downgraded the credit rating"
"Bradford & Bingley, which had been nationalised by HM Government during the 2008 banking crisis. Abbey National and the savings business and branches of Bradford & Bingley were rebranded as Santander on 11 January 2010, and Abbey National plc was renamed Santander UK plc. Formula One driver Lewis Hamilton unveiled the first rebranded Santander branch that day in central London. A further three hundred Abbey and Bradford & Bingley branches in London and south east England were rebranded that day, with branches in the rest of the United Kingdom following by the end of the month, by which time there"
"part of the deal, Grupo Santander acquired ABN AMRO's subsidiary in Brazil, Banco Real, and its subsidiary in Italy, Banca Antonveneta. On 13 August 2007, Banco Santander Central Hispano changed its legal name to Banco Santander. In November that year, it sold Banca Antonveneta to Banca Monte dei Paschi di Siena, excluding a subsidiary Interbanca. In March 2008, Banco Santander sold Interbanca to GE Commercial Finance, receiving in return GE Money businesses in Germany, Finland and Austria, and GE's card and auto-financing businesses in the UK, which it integrated with Santander Consumer Finance. In July 2008 the group announced it"
"to be rebranded as part of Santander UK, in a deal set to be completed by December 2013. Santander withdrew from the sale on 12 October 2012. 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. The branches, incorporating 250,000 small business customers, 1,200 medium business customers and 1.8 million personal banking customers, were due to separated from the group in 2015 as a standalone business under the Williams & Glyn's name. It was announced in 2013 that"
"of Spain. In 2006, the group renamed again as Grupo Financiero Santander, S.A. de C.V. and later that year as Grupo Financiero Santander, S.A.B. de C.V. (publicly traded variable capital corporation). Banco Santander (México) S.A. was founded on November 16, 1932, under the name Banco Mexicano. In 1955 Sociedad Mexicana de Crédito Industrial (Banco Somex) purchased a controlling interests of the bank. In 1958 Banco Mexicano merged with Banco Español. In 1979 the bank changed its name to Banco Mexicano Somex. In 1982 banks were nationalized. In 1992 InverMexico acquired Banco Mexicano. In 1996 the group was acquired by Banco"
"2007, Banco Santander participated along with Royal Bank of Scotland and Fortis in the acquisition of the Dutch financial conglomerate ABN AMRO. Santander took over ABN AMRO's Brazilian assets, mainly formed by the latter's acquisition of Banco Real, and developed a truly national platform, dropping the Banespa name and adopting the Santander Brasil franchise. On October 7, 2009 the bank went public in the São Paulo Stock Exchange, also issuing ADRs in the NYSE. In Brazil, the IPO raised R$14.1 billion, or US$8.9 billion, the largest stock offering made in the BM&F Bovespa that year. Santander Brasil Banco Santander Brasil"
"During 2014, the bank considered an initial public offering (IPO), expected to be completed within two years. In November 2014, the chief executive of the Santander Group admitted that an IPO would not be forthcoming until market conditions improved. This view was repeated in July 2015. The bank provides a full range of personal, business and corporate accounts, including current accounts, mortgages, credit products and savings and investments. Santander operate online banking services, including mobile apps, and operate an internet only banking division branded Cahoot. Mortgages are also provided through Santander for Intermediaries, a division of the bank used by"
"(now Santander UK), and was a main board director from 2005. In June 2009, Bostock returned to RBS as the ""new right-hand man"" to CEO Stephen Hester, tasked with trying to sell off non-core assets. He joined RBS as head of restructuring and risk, later becoming group chief risk officer and then finance director. In 2011 he turned down a move to head up the wholesale division of Lloyds Banking Group, reportedly due to the ill-health absence of their chief executive, António Horta Osório. He resigned after only ten weeks as finance director. Bostock joined Santander UK as deputy CEO"
"Santander. In 2001 the bank was renamed as Banco Santander Mexicano. In 2004 Banco Santander Mexicano and Banca Serfin were merged to form Banco Santander Serfin. In 2008 it was renamed as Banco Santander (México). In 1970 merged with Compañía General de Acceptaciones to form Banca Serfin. In 1992 the bank was acquired by Operadora de Bolsa and Banco Santander in 2000. The bank became defunct after a merger with Banco Santander Mexicano in 2004. Banco Santander (Mexico) Grupo Financiero Santander México, S.A.B. de C.V. is a Mexican banking group and a subsidiary of Spanish bank Banco Santander. The Mexican"
"company Banco Santander as its chief executive officer (CEO), starting early 2019. Orcel formally left UBS on September 30, 2018. Despite being a traditional mergers and acquisitions banker, Orcel expressed interest in staving off banking digitization instead of acquiring more banks or merging with other large banks. As Orcel abruptly left UBS, his employment contract included variable remuneration valued at $21.3 million (€18.5 million). Santander bought out his contract, paying Orcel this remuneration as a part of his sign-on bonus on October 19, 2018. His appointment to the chief executive makes him the first non-Spanish individual to occupy a high-ranking"
"2007 the bank officially changed the official name back to Banco Santander S.A. In 1996 Banco Santander acquired Grupo Financiero InverMexico. In 2000, Banco Santander Central Hispano acquired Grupo Financiero Serfin of Mexico. On 26 July 2004 Banco Santander Central Hispano announced the acquisition of Abbey National plc. Following shareholders' approval at the EGM of Abbey (95 per cent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004. In June 2006, Banco Santander Central Hispano purchased"
"José Antonio Alvarez José Antonio Álvarez Álvarez is the CEO of Santander Group, the Spanish banking group centred on Banco Santander, the largest bank in the Eurozone by market value. Álvarez has been CEO of Santander Group since January 2015. He was appointed CEO ""co-opted"" in the council meeting of November 25, 2014, replacing Javier Marín Romano. In June 2015, Banco Santander reduced its corporate structure and high dirección. In June 2015 Bank Account launched in Spain 1,2,3, who had previously reaped great success in United Kingdom. In October 2015, the bank announced the charge at ATMs of other clients"
"bids on 7 April, Santander Group, Virgin Money, National Australia Bank, BBVA and the private equity firm JC Flowers were all confirmed to have submitted bids for consideration. It was announced on 3 August that the Spanish Santander Group would pay around £1.65 billion for the branches, expected to be rebranded as part of Santander UK, in a deal set to be completed by December 2013. Santander withdrew from the sale on 12 October 2012. 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"
"of 12 UK financial firms including Santander UK, blaming financial weakness. In June 2012, Moody rated Santander UK as being in a more financially healthy position than its parent company, Banco Santander. Less than 1% of Santander UK's business is held abroad. The bank has its origins in three constituent companies—Abbey National, Alliance & Leicester and Bradford & Bingley—all former mutual building societies. Abbey National, trading as Abbey, had been bought by the Santander Group in July 2004 for £9 billion. Santander purchased Alliance & Leicester in the middle of September 2008, followed by the branches and savings business of"
"to attempt to pay off its £18.4 billion loan early. On 11 January 2010, the combined business of Abbey and Bradford & Bingley was renamed Santander UK plc, and all branches were rebranded at a cost of £12 million. Alliance & Leicester was rebranded at the end of November 2010. On 25 January 2010, the European Commission approved the state aid given to the bank. On 24 March 2010 UKFI announced the merger of the mortgage business with the bad bank of Northern Rock, Northern Rock (Asset Management) plc. The two businesses were merged under a single holding company, UK"
"individuals they owed the difference between the purchase price and the amount of money for which CitiFinancial sold the debt. Santander attempted to collect the debts. A suit was brought against Santander alleging a violation of the FDCPA. Santander claimed it was not a ""debt collector"" under the terms of the act because it was seeking to collect on debts that it had purchased, rather than attempting to collect as a third-party. The District Court and Fourth Circuit ruled in Santander's favor. The Court considered whether a company that regularly attempts to collect debts it purchased after the debts had"
"Group in Portugal Santader integrating, since then, several prominent places. After three years, is managing director of Sporting.SAD beyond mainstream Banco Santander Totta Management from the merger (December 2004) with the Human Resources Branch. In 2006, it became Vice-President of the Board of Sporting CP (non-executive) and the bank making it would be Member of the Executive Board with the Branch Network Private and Business, Corporate, Private and HR'S, position would take to become president of Sporting, the Board of Sporting.SAD and all companies that make up the so-called Group Sporting. In the sports field, during their presence as Executive"
"billion (€1.4 billion). Because of the 2008 financial crisis at the time, Sovereign's price-per-share had fallen greatly: Rather than the $40 per share it would have cost in 2006, Banco Santander ended up paying less than $3 per share. The acquisition of Sovereign gave Santander its first retail bank in the mainland United States. Santander renamed the bank to enhance its global brand recognition in October 2013. On 14 December 2008, it was revealed that the collapse of Bernard Madoff's Ponzi scheme might mean the loss of €2.33 billion at Banco Santander. On 10 November 2009, HSBC Finance Corporation announced"
"necessary, offering attractive interest rates at first. New credit card business had ceased in 2006, although customers could continue using their credit card limits and available balances as normal. Cahoot also provided current accounts, though it withdrew these from new business in February 2010. Before January 2010, Cahoot informed customers that their loan limits had been ""reviewed"" and given thirty days notice that the withdraw service was disappearing. Cahoot have now discontinued all products being available to new customers. This information suggests that Cahoot may be closing down for good, with a transfer of all products being made to Santander"
"buy for another 15%) to Grupo Santander in May 1997 for US$1.1 billion, upon which it was renamed ""Banco Río"", and listed in the Buenos Aires Stock Exchange. Its most important acquisition during the partnership with Santander was that of Banco Tornquist, among the most traditional names in Argentine banking. Pérez Companc sold his remaining 18.5% share in February 2001 to Merrill Lynch, which later sold their stake to Santander. Santander Río is a majority-owned subsidiary of the Santander Group through its holding company, ABLASA, with 79% of its equity, and 99.3% of its outstanding shares. Its services include retail"
"brokers. Santander's Corporate and Commercial Banking division operates from a number of regional business banking centres across the United Kingdom. In May 2013, Ana Botin announced plans to double the number of centres to 70 within three years. Santander UK is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. It is a member of the Financial Services Compensation Scheme, UK Payments Administration, Bankers' Automated Clearing Services (BACS), the Faster Payments Service, the Clearing House Automated Payment System (CHAPS), the Cheque and Credit Clearing Company, the British Bankers' Association and"
"wholly owned subsidiary of the Alliance and Leicester, being repositioning as a cash handler and credit card processor for retailers and other banks. In 2003 the Girobank brand was dropped, with the business renamed as Alliance & Leicester Commercial Bank following further consolidation in the Alliance & Leicester Group. In May 2010 Alliance & Leicester was acquired by Grupo Santander, and the name Alliance & Leicester was replaced by Santander UK. While the name ""Girobank"" is no longer used, the organisation lived on within the Alliance & Leicester Group. The name ""Girobank"" is, however, still used on some Giro Credits"
"with a large number of employees, including Marqués de Valdecilla University Hospital, the University of Cantabria and Grupo Santander. Activities related to culture, leisure and tourism are an important part of the city's economy, and the regional and municipal authorities look to augment the summer tourist trade with additional offerings, including conventions, conferences, cultural festivals and cruises. Banco Santander, Spain's largest bank and corporation, is headquartered here. Santander is pilot for a Smart city. It is embedded with 12,000 sensors. Santander has a great tradition and cultural activity, with events that play an important role in cultural and social life"
"Banesto Banesto (officially ""Banco Español de Crédito, S.A."", ""Spanish credit bank"",) was a Spanish bank, 88.4% owned by the Santander Group. Banesto was the fifth-largest banking group in Spain, operating around 1,770 branches. Outside of Spain, it is known as the sponsor of a cycling team that featured Miguel Indurain, the first rider to win five consecutive Tours de France. Today's Movistar Team is the direct descendant of this team. In 2012, Banco Santander announced it would absorb Banesto. Banesto acquired Banco del Pacifico in 1991 and renamed it. In 1993 it bought Banco de Concepcion, but the merger was"