Banco Santander News

Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture

Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the country. Aegon NV …

Santander Bank to Pay $11.8 Million to Settle Auto Loan, Insurance Claims

Santander Consumer USA Holdings Inc., a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, …

Santander Bank Settles Auto Finance, Insurance Claims

A unit of European lender Banco Santander SA has agreed to settle claims by a U.S. consumer watchdog that it misled drivers about the costs of loans and the coverage of related insurance policies, said three people with direct knowledge …

RBS Deal with Spain’s Santander Collapses; New Bidders Emerge

Shares of Royal Bank of Scotland are set to open lower on Monday following the shock decision by Spain’s Santander to pull out of a deal to buy 316 branches from the part-nationalised British bank. The collapse of the deal, …

Zurich Completes Latin American Pact with Banco Santander

The Zurich Financial Services Group announced that it has signed definitive agreements with Banco Santander SA to enter into a long-term alliance in Latin America. Zurich said the “scope, structure and key financial terms are materially unchanged” from those outlined …

Zurich in $1.67 Billion Deal with Santander for Latin American Distribution

Zurich Financial Services Group announced that it has signed a Memorandum of Understanding (MOU) with Banco Santander SA to enter into a 25-year strategic distribution arrangement in Latin America. Zurich said that as part of the transaction, it will acquire …