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47-515: 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

94-521: 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

141-608: 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

188-420: A DBA must be registered with a local or state government, or both, depending on the jurisdiction. For example, California, Texas and Virginia require a DBA to be registered with each county (or independent city in the case of Virginia) where the owner does business. Maryland and Colorado have DBAs registered with a state agency. Virginia also requires corporations and LLCs to file a copy of their registration with

235-467: A DBA statement, though names including the first and last name of the owner may be accepted. This also reduces the possibility of two local businesses operating under the same name, although some jurisdictions do not provide exclusivity for a name, or may allow more than one party to register the same name. Note, though, that this is not a substitute for filing a trademark application. A DBA filing carries no legal weight in establishing trademark rights. In

282-535: 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,

329-516: A businessperson writes a trade name on a contract, invoice, or cheque, they must also add the legal name of the business. Numbered companies will very often operate as something other than their legal name, which is unrecognizable to the public. In Chile , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Ireland , businesses are legally required to register business names where these differ from

376-520: 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

423-564: 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

470-533: 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

517-495: 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

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564-458: A registered legal name and a fictitious business name, or trade name, is important because fictitious business names do not always identify the entity that is legally responsible . Legal agreements (such as contracts ) are normally made using the registered legal name of the business. If a corporation fails to consistently adhere to such important legal formalities like using its registered legal name in contracts, it may be subject to piercing of

611-439: 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

658-574: 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 —

705-454: Is also sometimes used. A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered. Using one or more fictitious business names does not create additional separate legal entities. The distinction between

752-810: Is called a razón social . Sovereign Bank Santander Bank, N. A. ( / ˌ s ɑː n t ɑː n ˈ d ɛər / ) is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group . It is based in Boston and its principal market is the northeastern United States . It has $ 57.5 billion in deposits , operates about 650 retail banking offices and over 2,000 ATMs , and employs approximately 9,800 people. It offers an array of financial services and products, including retail banking , mortgages , corporate banking , cash management , credit card , capital markets , trust and wealth management , and insurance . Sovereign Bank

799-559: 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

846-667: 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

893-466: The United Kingdom , there is no filing requirement for a "business name", defined as "any name under which someone carries on business" that, for a company or limited liability partnership, "is not its registered name", but there are requirements for disclosure of the owner's true name and some restrictions on the use of certain names. A minority of U.S. states, including Washington , still use

940-783: 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

987-439: The 1980s and 1990s, acquiring numerous other banks. In 2000, Sovereign bought 278 New England branches from the newly merged FleetBoston Financial , becoming the third-largest retail bank in the Boston area. This transaction was driven by a requirement from bank regulators that Fleet Bank and BankBoston divest 306 branches as a condition for merger. Forty-five years before the founding of Sovereign Bank, its future parent

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1034-511: 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

1081-655: 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

1128-689: 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

1175-418: The U.S., trademark rights are acquired by use in commerce, but there can be substantial benefits to filing a trademark application. Sole proprietors are the most common users of DBAs. Sole proprietors are individual business owners who run their businesses themselves. Since most people in these circumstances use a business name other than their own name, it is often necessary for them to get DBAs. Generally,

1222-595: 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

1269-428: The bank announced its plans to formally relocate its U.S. headquarters from Wyomissing, Pennsylvania, to Boston, where its top executives had already been located for several years. In late September 2011, the bank announced that it would officially change its name to "Santander" as part of its parent company's goal to create a global brand. The rebranding was completed on 17 October 2013. In March 2015, Scott Powell

1316-502: 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

1363-484: The corporate veil . In English , trade names are generally treated as proper nouns . In Argentina , a trade name is known as a nombre de fantasía ('fantasy' or 'fiction' name), and the legal name of business is called a razón social (social name). In Brazil , a trade name is known as a nome fantasia ('fantasy' or 'fiction' name), and the legal name of business is called razão social (social name). In some Canadian jurisdictions , such as Ontario , when

1410-534: The county or city to be registered with the State Corporation Commission. DBA statements are often used in conjunction with a franchise . The franchisee will have a legal name under which it may sue and be sued, but will conduct business under the franchiser's brand name (which the public would recognize). A typical real-world example can be found in a well-known pricing mistake case, Donovan v. RRL Corp. , 26 Cal. 4th 261 (2001), where

1457-716: 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

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1504-692: The first ever LaligaSantander Fest, a global charity concert event seeking to raise funds in response to the COVID-19 pandemic . Trade name In a number of countries, the phrase " trading as " (abbreviated to t/a ) is used to designate a trade name. In the United States , the phrase " doing business as " (abbreviated to DBA , dba , d.b.a. , or d/b/a ) is used, among others, such as assumed business name or fictitious business name . In Canada , " operating as " (abbreviated to o/a ) and " trading as " are used, although " doing business as "

1551-1012: The late 1980s he acquired CC-Bank in Germany and a stake was in Banco de Comercio e Industria in Portugal. In 1989, the "Supercuenta Santander" was launched. Sovereign bought the naming rights to Mercer County's new arena in 1999 in support of newly acquired Trenton Savings Bank (formerly TSFS) and other New Jersey branches for a ten-year term. In following years, the bank also named the Sovereign Center arena and Sovereign Performing Arts Center in Reading, Pennsylvania , and Sovereign Bank Stadium in York, Pennsylvania . In June 2006, Banco Santander purchased almost 20% of Sovereign Bank for $ 2.4 billion. As Banco Santander owned 25% of Sovereign, it had

1598-402: The law is to protect the public from fraud, by compelling the business owner to first file or register his fictitious business name with the county clerk, and then making a further public record of it by publishing it in a newspaper. Several other states, such as Illinois , require print notices as well. In Uruguay , a trade name is known as a nombre fantasía , and the legal name of business

1645-554: 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

1692-403: 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

1739-461: The named defendant, RRL Corporation, was a Lexus car dealership doing business as " Lexus of Westminster ", but remaining a separate legal entity from Lexus, a division of Toyota Motor Sales, USA, Inc. . In California , filing a DBA statement also requires that a notice of the fictitious name be published in local newspapers for some set period of time to inform the public of the owner's intent to operate under an assumed name . The intention of

1786-588: The remainder of Sovereign for $ 1.9 billion. Sovereign Bank was severely affected by losses related to auto loans and stock in Fannie Mae and Freddie Mac . Banco Santander had previously seen a loss of over $ 1 billion on its investment in Sovereign, when the latter's share price tumbled after being downgraded by Moody's in September 2008. On 30 January 2009, Banco Santander completed its acquisition of Sovereign Bank, for about $ 2.51 per share. In August 2011,

1833-484: The right to buy the bank for $ 40 per share for one year beginning in the middle of 2008. On 1 June 2006, Sovereign Bank purchased Independence Community Bank Corp. of Brooklyn, New York , for $ 3.6 billion in cash. Sovereign completed the transition process of Independence and S.I. Bank & Trust customers on 9 September 2006. Sovereign financed this merger through its partial sale to Spain's Banco Santander Central Hispano . On 13 October 2008, Banco Santander purchased

1880-459: The surname(s) of the sole trader or partners, or the legal name of a company. The Companies Registration Office publishes a searchable register of such business names. In Japan , the word yagō ( 屋号 ) is used. In Colonial Nigeria , certain tribes had members that used a variety of trading names to conduct business with the Europeans. Two examples were King Perekule VII of Bonny , who

1927-469: The term trade name to refer to "doing business as" (DBA) names. In most U.S. states now, however, DBAs are officially referred to using other terms. Almost half of the states, including New York and Oregon , use the terms assumed business name or assumed name ; nearly as many, including Pennsylvania , use the term fictitious name . For consumer protection purposes, many U.S. jurisdictions require businesses operating with fictitious names to file

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1974-578: 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

2021-649: 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

2068-516: 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

2115-614: Was founded as Banco Santander on 15 May 1857, with the approval of Queen Isabel II of Spain . The bank grew and in the 1920s started to build a network of branches. In 1942 it opened in Madrid. In 1934 Emilio Botín Sanz de Sautuola y López became director, and in 1950, chairman. He expanded the bank throughout Spain, and in 1957 it was Spain's seventh-largest bank. In 1976 it acquired First National Bank of Puerto Rico, and in 1982 Banco Español-Chile. In 1986, Emilio's oldest son, Emilio Botin-Sanz de Sautuola y García de los Ríos , succeeded him. In

2162-553: Was known as Captain Pepple in trade matters, and King Jubo Jubogha of Opobo , who bore the pseudonym Captain Jaja . Both Pepple and Jaja would bequeath their trade names to their royal descendants as official surnames upon their deaths. In Singapore , there is no filing requirement for a "trading as" name, but there are requirements for disclosure of the underlying business or company's registered name and unique entity number. In

2209-466: Was rebranded as Santander Bank on 17 October 2013; the stadium, arena, and performing arts center for which it has naming rights were also rebranded. Santander Bank, N.A., was founded on October 8, 1902 as Sovereign Bank, a savings and loan in Wyomissing, Pennsylvania . The company's earliest customers were largely textile workers. Sovereign expanded rapidly during the savings and loan crisis of

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