Banco Santander Net Worth is$75.6 B
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Type: S.A. (corporation)
Traded As: ES0113900J37/SAN, BNC, SAN, SANT, SANTA, ES0113900J37/SANT
Foundation: Santander, Spain (1857)
Location City: Santander, Cantabria
Location Country: Spain
Area Served: Europe, United States, Latin America, Singapore, Hong Kong, Africa.
Key People: Emilio Botín (Chair (official))/Alfredo Sáenz Abad (Chief executive officer)
Industry: Financial services
Products: Retail banking, commercial bank, investment banking and private banking, insurance, investment management, private equity
Revenue: Euro42.05 billion (2011) Operating Income: €23.85 billion (2011) Net Income: €8.181 billion (2011) Aum:
Assets: €1.218 trillion (2011) Equity: €80.91 billion (2011) Num Employees: 193,350 (2011) Homepage: http://www.santander.com
Intl: yes
The Santander Group (English pronunciation: /E?sE?ntE?nE?dE?E?r/) is a Spanish banking group centered on Banco Santander, S.A. (Spanish: [E?baA?ko santanE?der]) and one of the largest banks in the world in terms of market capitalisation. It originated in Santander, Cantabria, Spain.
According to Forbes Global 2000 list of the world's largest companies, Santander appeared in 23rd place in April 2012.
The 1999 merger of Banco Santander (founded in 1857) and Banco Central Hispano (founded in 1991) following the merger of Banco Central [est. 1919] and Banco Hispanoamericano [est. 1900], created Banco Santander Central Hispano, or BSCH. This merger between Santander and Banco Central Hispano (BCH) was designed to be a "merger of equals" in which the top executives of the two pre-existing firms would share control of the merged entity. Soon after the merger former BCH executives accused chairman of Banco Santander Emilio BotA-n of trying to push his own agenda and threatened to take legal action against him. This post-merger squabbling was resolved when BCH executives Jose AmusA?tegui and Angel CorcA?stegui agreed to accept severance payments, retire and relinquish control to Mr. BotA-n, at an expense to shareholders of a??164M.
The large termination payouts generated negative press and BotA-n was eventually brought to trial on criminal charges of "misappropriation of funds" and "irresponsible management." However, he was cleared of all charges in April 2005. The verdict said the a??164M retirement payments made to the two former executives were legal, "made as compensation for the services provided to the bank." That year the anti-corruption division of the Spanish public prosecutor's office also cleared Mr. BotA-n of all charges in a separate case in which he was accused of insider trading.
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 i

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Banco Santander Latest News

Santander and its subsidiary Bank Zachodni WBK acquire Deutsche Bank’s retail banking business in Poland

Banco Santander S.A. (“Santander”) and its Polish subsidiary, Bank Zachodni WBK (“BZ WBK”), today announced that they have agreed to acquire the retail and private banking businesses from Deutsche Bank Polska, S.A. (excluding its foreign currency ...
Posted: December 15, 2017, 9:42 am

Banco Santander Brasil (BSBR) Upgraded to Buy on Superior Earnings Momentum

Banco Santander Brasil SA (NYSE:BSBR) is one of the 760 companies in the GICS Financials sector, and a member of the 341 company Banks GICS industry group within this sector. BSBR's market value is $37,305.4 billion which falls in the top decile in its ...
Posted: December 12, 2017, 3:15 am

Brooklyn Is Now Home To Santander Bank's First Lending Center

The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (SAN) - one of the most respected banking groups in the world with more than 125 million customers in the U.S., Europe, and Latin America. It is managed by Santander Holdings USA ...
Posted: December 14, 2017, 8:25 am
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