Spanish Regulator Fines Santander $47 Million
Santander bank has been fined 40 million euros (approximately $47 million) by Spanish regulators due to previous shortcomings in its digital operations. This penalty was imposed by Spain’s anti-money laundering authority, known as Sepblac. Bloomberg reported this on January 23, citing unnamed sources. A Santander representative acknowledged the Sepblac review but did not comment on […]
Santander executive facing fraud allegations under investigation by Brazil’s central bank
Brazil’s central bank has initiated a formal investigation into Alexandro Braudel López, a Santander executive accused of fraud by his previous employer, which is causing complications for Spain’s financial institutions. The proceedings began in October against López, who had served as the finance chief for Brazil’s largest bank before joining Santander last year, as indicated […]
Santander exceeds third quarter expectations due to growth in the US
Santander Reports Strong Q3 Profit Amid Mixed Regional Results MADRID, Oct 29 – Santander announced that its third-quarter net profit reached 3.5 billion euros, marking an 8% increase compared to the previous year. This exceeded expectations, largely due to improved lending in the U.S. and operational efficiencies that helped mitigate some challenges in Brazil. Banco […]
Santander cancels plan to hire an executive facing a criminal probe
Santander Abandons Appointment of Brazilian Executive Amid Fraud Investigation Santander has decided against appointing Brazilian executives as chief accountants, just four months after the police launched an inquiry into alleged fraud involving Brazil’s largest bank. Alexsandro Broedel Lopes, who joined Santander in October, was set to take on the role of Chief Accounting Officer in […]
Santander UK halts salary increases and reduces jobs in its commercial banking division.
Santander UK is reducing jobs within its commercial banking sector as part of a broader restructuring aimed at making the bank more appealing to potential buyers. This shift was somewhat unexpected. Earlier this month, the bank altered job titles, signaling a comprehensive review of its UK operations and began reorganizing staff into new teams. The […]
Santander Offloads Most of Its Polish Banking Operations for $7.9 Billion – PYMNTS.com
Santander Sells Majority Stake in Polish Business to Erste Group Santander has announced a significant deal, selling most of its Polish operations to the Erste Group for $7.9 billion. This partnership, which was disclosed on May 5th, will enable Santander to tap into the payment system more effectively. The Bank of Spain noted that the […]
Santander says 750 jobs at risk as it pursues UK branch closures – CNBC
Jonathan Nicholson | nuphoto | Getty Images British Spanish lender Banco Santander said on Wednesday there was a risk of redundancy as 750 staff members were targeting 95 branch closures in the UK. The decision is part of the bank's broad plan to renew its existence from June 2025, bringing Santander UK's network to 349 […]
Hundreds of Santander customers in UK hit by banking problems | Banco Santander
Santander fixed an issue affecting banking services as many customers were unable to access their accounts. The bank apologized for “inconvenient” and said no customers would be “strangled out of their pockets” as a result of the suspension. Some customers were unable to make payments or transfer between accounts. According to its website, the bank […]
Blue Jays’ Anthony Santander splash includes a lot of deferred money
The Dodgers aren't the only MLB team using deferred funds to acquire big stars this offseason. Blue Jays slugger Anthony Santander's five-year, $92.5 million contract includes $61.75 million in deferred payments, according to the Post's Jon Heyman. confirmed on thursday. That deferred amount will now be reduced to $68.6 million, according to the players association's […]
Anthony Santander signing with Blue Jays for $90M in MLB free agency
The Blue Jays finally caught a big fish. Anthony Santander, one of MLB's top remaining free agents, has signed with Toronto on a five-year deal worth more than $90 million, the Post's Jon Heyman confirmed Monday. The contract includes options. The 30-year-old outfielder played parts of eight seasons with the Orioles and is coming off […]