Banco Santander Stock News

Banco Santander (LSE:BNC) has made a provision of £295 million for possible motor finance commission compensation claims. Results from the UK arm of the Spanish bank were delayed after a case on 25 October where the Court of Appeal ruled that motor dealers acting as credit brokers had acted illegally in not disclosing commissions on loans for car sales.

The UK arm of Spain's Banco Santander , said on Wednesday it had set aside 295 million pounds ($375 million) to cover possible costs related to an industry-wide probe into motor finance commissions.

Santander's fully digital bank, Openbank, launched in Mexico on Tuesday (Nov. 19). The Openbank Mexico website and app are now operating, promising a fully digital bank, no minimum balances, no fees and competitive interest rates, Openbank said in a Tuesday press release.

Spanish banking giant Santander started rolling out its digital Openbank in Mexico on Tuesday, including a website and smartphone app.

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank”) today announced findings from its Openbank Growing Personal Savings (“GPS”) Tracker revealing many consumers are missing out on hundreds of dollars a year in interest by not using higher-rate savings accounts. More than seven in 10 (71%) are not taking advantage of these accounts, including high-yield savings accounts, money marke...

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to three classes of notes issued by Santander Drive Auto Receivables Trust 2024-S3 ("SDART 2024-S3"), a re-securitization of a portion of the Class D notes (the "Underlying Class D Notes") and the entire certificate (the "Underlying Certificate") issued from the Santander Drive Auto Receivables Trust 2021-3 auto l...

Banco Santander (LSE:BNC) has upped its mortgage rates just as the Bank of England's chief economist Huw Pill warned rate-setters are worried about ‘sticky inflation'. Spanish-owned Santander upped fixed rates for new buyers and remortgage customers by up to 0.29% from today with specific buy-to-let rates going up by 0.31%.

Santander Brasil released a good set of results, with good trends in revenue growth and cost control. Although the loan portfolio showed only decent growth, this growth was greater than the expansion of NPL, which is positive. Although ROAE has been improving every quarter, it is still below peers, which does not seem to be reflected in the valuation.