Banco Santander
The combined bank, known as Banco Santander Central Hispano, or BSCH,[9][10] 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.This post-merger disagreement was resolved when BCH executives Jose Amusátegui and Angel Corcóstegui agreed to accept severance payments, retire and pass control to Botín, at an expense to shareholders of €183 million.[9]: 169 The large termination payouts generated negative press, and Botín was eventually brought to trial on criminal charges of "misappropriation of funds" and "irresponsible management".Also that year, the anti-corruption division of the Spanish public prosecutor's office cleared Botín of all charges in a separate case, in which he was accused of insider trading.[16] In May 2007, Banco Santander Central Hispano announced that in conjunction with The Royal Bank of Scotland and Fortis it would make an offer for ABN AMRO.[18] In July 2008, the group announced it intended to purchase the UK bank Alliance & Leicester, which held £24 billion in deposits and had 254 branches.[19] Santander also purchased the savings business of Bradford & Bingley in September 2008, which held deposits of £22 billion, 2.6 million customers, 197 branches and 140 agencies.[27] In October 2013, Santander acquired 51% of Spain's largest consumer finance business, Financiera El Corte Inglés, for around €140 million.[33] In 2018, the bank announced a three-year push into Latin America to increase its presence in the market, particularly Brazil and Mexico, targeting these countries' super-rich.[38] On 21 October 2024, Spain's Santander launched its digital bank in the United States, with the potential to fund up to $30 billion in vehicle loans.[43] In 2013, global growth equity firm General Atlantic, along with Warburg Pincus LLC, acquired a 50% stake in Santander Asset Management.[56] In March 2020, Santander Group in conjunction with La Liga announced the first ever LaligaSantander Fest, a global charity concert event seeking to raise funds in response to the COVID-19 pandemic.
SantanderTrade namePublicTraded asIBEX 35Financial servicesBoadilla del MonteAna Patricia BotínJosé Antonio ÁlvarezRetail bankingcorporate bankinginvestment bankinginsuranceprivate bankingprivate equitymortgage loanscredit cardsinvestment managementwealth managementasset managementmutual fundsexchange-traded fundsindex fundsNet incomeTotal assetsTotal equitytrading asMadridglobal financial centres14th-largest banking institutionSouth Americacontinental Asiasystemically important bankFinancial Stability BoardAbbey NationalEuro Stoxx 50stock market indexForbes Global 2000Ana Patricia Botín-Sanz de Sautuola O'SheaEmilio Botin-Sanz de Sautuola y García de los RíosEmilio Botín-Sanz de Sautuola LópezEuropean Banking SupervisionEuropean Central BankBanco Central Hispanoinsider tradingGrupo Financiero InverMexicoGrupo Financiero SerfinMexicoSovereign BankThe Royal Bank of ScotlandFortisABN AMROBarclaysBanco RealBanca AntonvenetaBanca Monte dei Paschi di SienaInterbancaGE Commercial FinanceGE MoneyGermanyFinlandAustria53rd Streetthe bank's US headquartersAlliance & LeicesterBradford & BingleyLondon Stock Exchange2008 financial crisisshare priceBernard MadoffPonzi schemeloan receivablesBank Zachodni WBKAllied Irish BanksKBC BankBanestoBanco BANIFEl Corte InglésBank of ShanghaiUnicreditMonitise plcBanco Popular EspañolLatin Americabuybackpayout ratioRevenueAssetsBerlinCardiffRio de JaneiroSantander TowerDallasCampinasGeneral AtlanticWarburg PincusChina Construction BankSantander Consumer Bank AGBanco Santander Totta S.ASantander Bank PolskaBanco Santander TottaBanco PastorOpenbankSantander UKCahootCater AllenBanco Santander RíoBanco Santander BrasilBanco Santander-ChileSantander MéxicoSantander BankRoadLoansTotalBankMiami DadeAttijariwafa BankFerrari F1-75La Liga2016–17 seasonLa Liga SantanderUEFA Champions League2018–19 seasonCopa LibertadoresFormula OneFerrariMcLarenWilliams RacingCOVID-19 pandemic