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Santander Bank Closes Transaction for Participation in JV Consisting of Portfolio of Real Estate Assets

Santander Bank, N.A. (NYSE: SAN)announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the… Read More

Héctor Grisi Nominated to Succeed José Antonio Álvarez as Banco Santander CEO

Héctor Grisi will assume the CEO role at Banco Santander (NYSE: SAN) on 1 January 2023, “following a transition period, subject to customary approvals.” Mr. Álvarez will “remain on the board and serve as non-executive vice chair.” Mr. Grisi joined Santander in 2015 as CEO… Read More

Forward Thinking Bank Santander Spins Off Fintech VC Segment, Renames Mouro Capital, Dedicated Funds Rise to $400 Million Following Big Returns

Santander Innoventures is going it alone. The venture capital subsidiary of Banco Santander is being spun off and renamed as Mouro Capital. The new entity is also receiving additional capital from the bank as Santander will double the amount of dedicated funds going from $200… Read More

Banco Santander Acquires Controlling Stake in London-based Fintech Ebury for £350 Million

Madrid-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, will be acquiring a 50.1% stake in Ebury for £350 million (appr. $450.9 million). Ebury is a London-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that… Read More

Funding Circle & Santander Form Partnership

Peer to peer lending platform Funding Circle has announced a new partnership with global banking giant Santander.  The new arrangement is designed to give small UK businesses greater access to capital  The gist of the relationship is that Santander will proactively refer small business customers looking… Read More

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