Tagged: santander

March 25, 2025 @ 6:10 am By Omar Faridi  |  

The global labor market is undergoing a seismic shift, as evidenced by recent announcements from major financial institutions like Deutsche Bank (NYSE: DB), Morgan Stanley (NYSE:MS), and Santander UK. This past week, these banks revealed plans that underscore the dual pressures of socioeconomic uncertainty and… Read More

March 20, 2025 @ 8:07 am By Omar Faridi  |  

In a restructuring move, Santander UK, the United Kingdom based division of the Spain’s Banco Santander (NYSE: SAN), announced that it will close 95 of its 444 U.K. branches, representing roughly one-fifth of its physical network. The bank has posted a list of the impacted branches… Read More

February 6, 2025 @ 6:40 pm By Omar Faridi  |  

Santander Bank, N.A. (NYSE: SAN) announced that the Openbank digital bank platform topped $2 billion in total deposits since going to market in the United States in the fourth quarter of 2024. This achievement is said to represent a key milestone in the Santander US… Read More

January 22, 2025 @ 4:27 pm By JD Alois  |  

A recent report that Santander may exit the UK market compelled the bank’s Executive Chairman to throw cold water on the rumors. Speaking at the WEF in Davos, Ana Botin told the audience they love the UK market, claiming it will remain a core market… Read More

December 26, 2024 @ 8:02 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, has partnered with HSBC and Santander on a club lending facility to Star Capital to support its buy-out of Subsea Technology & Rentals (STR). The capital will reportedly enable STR to evolve its equipment and service offering via “organic… Read More

December 23, 2024 @ 7:58 am By Omar Faridi  |  

Santander has recently announced U.S. equity research alliances with Telsey Advisory Group and Vertical Research Partners. These alliances expand Santander Corporate and Investment Banking’s research capabilities in the United States, complementing the Group’s market position in Europe and Latin America. Santander Corporate & Investment Banking… Read More

December 10, 2024 @ 10:08 pm By Omar Faridi  |  

Apollo (NYSE: APO) and Santander announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in “financing solutions for infrastructure projects.”… Read More

September 28, 2024 @ 10:32 am By Omar Faridi  |  

Santander (NYSE: SAN) has added new benefits for the entrepreneurs, startups, scaleups and SMEs that form part of its Santander X global platform that helps companies in 11 countries grow through the stages of their life cycle — “from launching a project to scaling a… Read More

September 12, 2024 @ 6:33 am By Omar Faridi  |  

Santander and Atitlan launch Atgro, a platform for investing over €500 million in agricultural projects. The fund is being launched with initial contributions of €200 million “by the bank and EUR 50 million by Atitlan, with the aim of doubling these resources” to boost the… Read More

August 13, 2024 @ 6:02 am By Omar Faridi  |  

Amazon (NASDAQ:AMZN) and Santander (NYSE: SAN) have announced a partnership to launch its new Amazon Visa credit card in Germany. The card has no annual fee and does “not require customers to open a new bank account.” Amazon Visa enables customers to earn rewards “while… Read More

June 12, 2024 @ 11:55 pm By Omar Faridi  |  

Santander recently announced that Zinia, its digital consumer finance platform, will become the new consumer finance provider for Apple in Germany. Zinia will aim to offer customers purchasing Apple products “both in Apple stores and online at apple.de the option to defer payments by splitting… Read More

May 21, 2024 @ 9:02 am By Omar Faridi  |  

Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) “for OCT Inst transactions via Santander, and will also “be a scheme participant in the role of… Read More

April 10, 2024 @ 8:18 am By Omar Faridi  |  

Santander (NYSE: SAN) is announcing the launch of a new national, digital offering in the United States under the Openbank brand in the second half of 2024. Openbank will also be launched in Mexico in the same timeframe. Openbank operates with “a technological platform designed… Read More

March 29, 2024 @ 11:43 am By Omar Faridi  |  

HID, a worldwide enabler of trusted identity solutions, in partnership with Temenos, a global provider of banking software solutions, announces a collaboration with Santander International to provide robust and flexible customer authentication for its digital banking platform. Santander International, like all modern financial institutions, “faces… Read More

February 1, 2024 @ 7:58 pm By Omar Faridi  |  

Banco Santander has announced the appointment of Petri Nikkilä as the new global CEO of Openbank and head of the Digital Consumer Bank’s non-auto consumer business. Mr. Nikkilä succeeds Ezequiel Szafir, who “was Openbank’s CEO until last year, and will report to Daniel Barriuso, head… Read More

January 16, 2024 @ 8:30 am By Omar Faridi  |  

In 2023, Santander (NYSE: SAN) recruited over 4,500 employees with digital skills around the world to drive the group’s transformation. The growing demand for these types of professionals in the market, in particular in financial institutions, led Santander “to launch a targeted recruitment strategy under… Read More

December 26, 2023 @ 6:50 am By Omar Faridi  |  

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

July 16, 2023 @ 11:37 am By Omar Faridi  |  

Iberpay and Spanish banks such as BBVA, Santander and CaixaBank have carried out the first test of this pioneering service in Europe in anticipation of the official entry into force, on November 28th, of the new One-Leg-Out Instant Credit Transfer (OCT Inst) scheme of the… Read More

June 23, 2023 @ 9:31 am By Omar Faridi  |  

CACEIS, the asset servicing unit that’s owned by Credit Agricole (ACA.PA) and Santander (NYSE: SAN), has reportedly registered with France’s markets regulator AMF in order to offer digital asset custody services (including cryptocurrencies). The firm has registered as a digital asset service provider (DASP) on… Read More

April 8, 2023 @ 10:36 am By Omar Faridi  |  

Banco Santander (NYSE: SAN) and Microsoft (NASDAQ: MSFT) are teaming up with Oxentia Foundation in order to launch a new global challenge for entrepreneurs from 11 countries. The challenge aims “to find innovative artificial intelligence solutions that will have a positive impact to address social… Read More