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35-457: The Mexican banking group Grupo Financiero InverMexico was founded in 1991. In 1997, the group was renamed Grupo Financiero Santander Mexicano , after the group was acquired by Banco Santander . In 1998, the group merged with Grupo Financiero Santander Mexico. In 2000, the group merged with sister group Grupo Financiero Serfin. The group was renamed to Grupo Financiero Santander Serfin in 2001. In 2003, Bank of America purchased 24.9% stake of

70-524: A 5.1 percent stake in Monitise plc for £33 million. On 7 June 2017, Banco Santander purchased Banco Popular Español for a symbolic price of €1. 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. On 13 and 14 July 2019, the integration of the entire Banco Popular network

105-612: A 50% stake in Santander Asset Management. In 2010, Banco Santander expanded into China , focusing on trade finance services and establishing a joint venture with China Construction Bank . The venture was set up in 2011 with initial funds of 3.5 billion yuan (US$ 530 million). Santander and La Liga had a title sponsorship deal from the 2016–17 season , forming the Spanish football league known commercially as La Liga Santander . Santander sponsored

140-538: A Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank . Banco Santander was founded in 1857 as Banco de Santander. In 1999, it merged with Banco Central Hispano , or BCH, which had in turn been formed through the 1991 merger of Banco Central and Banco Hispanoamericano. The combined bank, known as Banco Santander Central Hispano, or BSCH,

175-443: A controlling interests of the bank. In 1958 Banco Mexicano merged with Banco Español . In 1979 the bank changed its name to Banco Mexicano Somex . In 1982 banks were nationalized. In 1992 InverMexico acquired Banco Mexicano. In 1996 the group was acquired by Banco Santander. In 2001 the bank was renamed as Banco Santander Mexicano. In 2004 Banco Santander Mexicano and Banca Serfin were merged to form Banco Santander Serfin. In 2008 it

210-521: A data centre that was to support operations across North America, Central America and South America. The new centre was to be established within the 'Development Company for High Technology Cluster of Campinas' on 1 million square metres. Construction began in January 2011, and full operation was expected in 2013 offering over 8,000 direct and indirect jobs. In 2013, global growth equity firm General Atlantic , along with Warburg Pincus LLC, acquired

245-565: A loan servicing agreement for the remainder of its liquidated US auto loan portfolio. The transaction closed in the first quarter of 2010. In September 2010, Santander purchased Bank Zachodni WBK from Allied Irish Banks . On 28 February 2012, Santander announced that it had reached an agreement with KBC Bank to buy KBC's subsidiary Kredyt Bank in Poland. Santander merged Bank Zachodni WBK and Kredyt to create Poland's third-biggest bank, valued at about €5 billion (US$ 6.7 billion), having

280-534: A market share of 9.6% in deposits, 8.0% in loans, 12.9% in branches (899), and more than 3.5 million retail customers. As a result of the merger, Santander came to hold 76.5% of the combined bank, and KBC came to hold about 16.4%; other shareholders held about 7.1% of the shares in the combined bank. Santander stated that it intended to buy more of KBC's shares in the combined bank to bring KBC's holdings below 10%; KBC affirmed it intended to sell its remaining stake. KBC sold its shareholding and Santander owns 75% of

315-729: A member of his business advisory board. In 2020, the International Monetary Fund 's Managing Director Kristalina Georgieva appointed her to an external advisory group to provide input on policy challenges. In early 2021, she was appointed by the G20 to the High Level Independent Panel (HLIP) on financing the global commons for pandemic preparedness and response, co-chaired by Ngozi Okonjo-Iweala , Tharman Shanmugaratnam and Lawrence Summers . Other positions include: First listed in 2005, Botín

350-495: A presence in most global financial centres as the 19th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America , and more recently in continental Asia . It is considered a systemically important bank by the Financial Stability Board . Many subsidiaries, such as Abbey National , have been rebranded under

385-444: A separate case, in which he was accused of insider trading . In 2007, the bank officially changed the official name back to Banco Santander S.A. In 1996, Banco Santander acquired Grupo Financiero InverMexico . In 2000, Banco Santander Central Hispano acquired Grupo Financiero Serfin of Mexico . On 26 July 2004, Banco Santander Central Hispano announced the acquisition of Abbey National plc. Following shareholders' approval at

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420-577: A share buyback of about 1.5 billion euros ($ 1.6 billion) and raised its payout ratio to 50%. 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. The Santander Group operates across Europe, South America, North America and Asia, partly due to its acquisitions. As of 2013 it had more than 186,000 employees, 14,392 branches, 3.26 million shareholders and 102 million customers. Retail banking —

455-603: Is a stub . You can help Misplaced Pages by expanding it . Banco Santander Banco Santander S.A. trading as Santander Group ( UK : / ˌ s æ n t ən ˈ d ɛər , - t æ n -/ SAN -tən- DAIR , -⁠tan- , US : / ˌ s ɑː n t ɑː n ˈ d ɛər / SAHN -tahn- DAIR , Spanish: [ˈbaŋko santanˈdeɾ] ), is a Spanish multinational financial services company based in Madrid and Santander in Spain . Additionally, Santander maintains

490-560: The EGM of Abbey (95 percent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004. In June 2006, Banco Santander Central Hispano purchased almost 20% of Sovereign Bank and acquired the option to buy the bank (at the time, the market value was roughly US$ 40 per share) for one year beginning in

525-673: The UEFA Champions League for two years, from the 2018–19 season to 2020–21. Santander has also sponsored the main South American club competition Copa Libertadores since 2008 for the South American markets. In Formula One , from 2007 to 2017, Santander was a corporate sponsor of the Ferrari and McLaren teams. From 2022, Santander returned to Formula One as a premium sponsor of Ferrari. In March 2020, Santander Group in conjunction with La Liga announced

560-786: The $ 40 per share it would have cost in 2006, Banco Santander ended up paying less than $ 3 per share. The acquisition of Sovereign gave Santander its first retail bank in the mainland United States. Santander renamed the bank to enhance its global brand recognition in October 2013. On 14 December 2008, it was revealed that the collapse of Bernard Madoff 's Ponzi scheme might mean the loss of €2.33 billion at Banco Santander. On 10 November 2009, HSBC Finance Corporation announced its auto finance entities had reached an agreement with Santander Consumer USA Inc.(SC USA) to sell HSBC US auto loan servicing operations, US$ 1 billion in auto loan receivables for US$ 904 million in cash, and enter into

595-514: The Asian market. In June 2014, Santander bought GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for €700 million (US$ 950 million). In September 2014, it was announced that Santander was in talks to merge its asset management unit with that of Unicredit to create a European firm worth €350 billion in assets. In November 2014, Banco Santander acquired

630-656: The B&;B's shares were delisted from the London Stock Exchange . By the end of 2010 the two banks merged with Abbey National under the Santander UK brand. In October 2008, the Group announced to acquire 75.65% of Sovereign Bancorp it did not own for approximately US$ 1.9 billion (€1.4 billion). Because of the 2008 financial crisis at the time, Sovereign's share price had fallen greatly: rather than

665-691: The Santander name. The company is a component of the Euro Stoxx 50 stock market index . In June 2023, Santander was ranked as 49th in the Forbes Global 2000 list of the world's biggest public companies. Santander is Spain's largest bank. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea , daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuola y García de los Ríos and Emilio Botín-Sanz de Sautuola López , respectively. Santander has been designated as

700-598: The UK, which it integrated with Santander Consumer Finance. 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. 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. The acquisition of Alliance & Leicester completed in October 2008 when

735-609: The US from 1981 to 1988. In 1988, she returned to Spain and began working for the Santander Group. During that time, she was involved in the bank's 1997 acquisition of a 51 percent stake in Banco Osorno y La Union, the largest bank in Chile, for $ 495 million. In 2002, she became the executive chairman of the Spanish bank, Banesto . In November 2010, Botín succeeded António Horta Osório as chief executive of Santander UK. In 2013, Botín

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770-504: The bank, the rest is free float. In December 2012, Banco Santander announced that it would absorb Banesto and Banco BANIF , purchasing the remaining 10% of Banesto it did not already own. In October 2013, Santander acquired 51% of Spain's largest consumer finance business, Financiera El Corte Inglés , for around €140 million. Santander acquired a €470 million stake in HSBC 's Bank of Shanghai in 2013 to rebalance its business to

805-717: The deal, Grupo Santander acquired ABN AMRO's subsidiary in Brazil, Banco Real , and its subsidiary in Italy, Banca Antonveneta . On 13 August 2007, Banco Santander Central Hispano changed its legal name to Banco Santander. In November that year, it sold Banca Antonveneta to Banca Monte dei Paschi di Siena , excluding a subsidiary Interbanca . In March 2008, Banco Santander sold Interbanca to GE Commercial Finance , receiving in return GE Money businesses in Germany , Finland and Austria , and GE's card and auto-financing businesses in

840-513: The first ever LaligaSantander Fest, a global charity concert event seeking to raise funds in response to the COVID-19 pandemic . Ana Bot%C3%ADn Ana Patricia Botín-Sanz de Sautuola O'Shea (born 4 October 1960) is a Spanish banker who has been the executive chairman of Santander Group since 2014. She is the fourth generation of the Botín family to hold this role. Prior to this she

875-427: The group from parent company Banco Santander of Spain. In 2006, the group renamed again as Grupo Financiero Santander, S.A. de C.V. and later that year as Grupo Financiero Santander, S.A.B. de C.V. (publicly traded variable capital corporation). Banco Santander (México) S.A. was founded on November 16, 1932, under the name Banco Mexicano . In 1955 Sociedad Mexicana de Crédito Industrial ( Banco Somex ) purchased

910-508: The main aspect of Santander's operations – generates 74% of the group's profit. The top markets by revenue in 2023 were: Brazil (21.6%), Spain (17.4%), the US (12.3%), the UK (11.2%), Mexico (10.2%), Poland (6.3%), Chile (3.9%) and Portugal (3.6%). On 10 June 2010, Grupo Santander announced that it would invest approximately US$ 270 million (€200 million) in Campinas , Brazil in a technology centre for research and data processing and

945-404: The middle of 2008. 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 . BSCH's share of the offer added up to 28% and the offer would have to be made up of a capital increase through a new share issue. Then in October 2007, the consortium outbid Barclays and acquired ABN AMRO . As part of

980-634: Was appointed a director of the Coca-Cola Company . In September 2014, Botín was appointed chair of the Santander Group . She is the fourth generation of the Botín family to hold this role. Since taking charge she has brought in more international board members, embraced technology and strengthened the US and Latin America management teams. In 2015, Prime Minister David Cameron of the United Kingdom named Botín to become

1015-423: Was chief executive officer (CEO) of Santander UK , a role she held from December 2010 until her assumption of the chairmanship. In February 2013, she was ranked the third most powerful woman in the UK by Woman's Hour on BBC Radio 4 . In 2017, 2019, and 2020, Forbes ranked her the 8th most powerful woman in the world. Forbes ranked her 18th in the list of "World's 100 most powerful women" in 2023. She

1050-581: Was completed. This meant the definitive end of the Popular brand from a commercial point of view. In 2021, the bank was marked as one of the largest banks in Europe. Dodge & Cox became Santander's second shareholder in an operation carried out on 13 June 2022. The US fund has a 3.038% stake in the bank. At the time of purchase, given the value of 2.64 euros per share, this stake was valued at 1,364 million euros. In February 2024, Banco Santander launched

1085-651: 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 Banco Santander chairman Emilio Botín Sanz de Sautuola y García de los Ríos who succeeded him, of trying to push his own agenda and threatened to take legal action. 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. The large termination payouts generated negative press, and Botín

Santander México - Misplaced Pages Continue

1120-516: Was eventually brought to trial on criminal charges of "misappropriation of funds" and "irresponsible management". However, in April 2005, the court cleared him of all charges, the €164 million retirement payments made to the two former executives having been found to be legal, "made as compensation for the services provided to the bank". Also that year, the anti-corruption division of the Spanish public prosecutor's office cleared Botín of all charges in

1155-444: Was ranked 19th on Fortune's list of 100 Most Powerful Women in 2023. Botín was born on 4 October 1960 in Santander, Spain. She is the daughter of Spanish banker Emilio Botín , who was the executive chairman of Spain's Grupo Santander , and Paloma O'Shea , 1st Marchioness of O'Shea. She received her high school education at St Mary's School Ascot . She studied economics at Bryn Mawr College . Botín worked at JP Morgan in

1190-492: Was ranked as the eighth most powerful woman in the world by Forbes in 2018, 2019, and 2020. In 1983, Botín married fellow banker Guillermo Morenés y Mariátegui, son of the 9th Marquess of Borghetto , a wealthy landowner. They have three children: Felipe Morenés Botín, Javier Morenés Botín, and Pablo Morenés Botín. The family owns a large estate in Ciudad Real , south of Madrid. In 2010, Morenés y Mariátegui bought

1225-497: Was renamed as Banco Santander (México). In 1977 Banco de Londres y México  [ es ] merged with Compañía General de Aceptaciones to form Banca Serfin. In 1992 the bank was acquired by Operadora de Bolsa and Banco Santander in 2000. The bank became defunct after a merger with Banco Santander Mexicano in 2004. This article about a Mexico corporation or company is a stub . You can help Misplaced Pages by expanding it . This bank and insurance -related article

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