Post Tagged with: "Banco Santander"

Santander Aims to Bolster FCA Relationship With Executive Shuffle

Santander Aims to Bolster FCA Relationship With Executive Shuffle

October 12, 2017 at 12:03 pm 0 comments

Santander Consumer USA announced a series of executive changes last week, leaving many asking why? One explanation may be that it’s a way to bolster its relationship with Fiat Chrysler Automobiles, Christopher Donat, managing director of equity research at Sandler O’Neill, told Auto Finance News.   “[FCA] is their singleRead More

Santander’s Executive Churn Indicates Move Toward Corporate Consolidation

Santander’s Executive Churn Indicates Move Toward Corporate Consolidation

October 9, 2017 at 10:00 am 0 comments

Santander Holdings USA (SHUSA) and Santander Consumer USA (SC) are “taking steps toward integrating their operations” under the Spanish parent Banco Santander, Christopher Donat, managing director of equity research at Sandler O’Neill, told Auto Finance News. This week Santander Consumer made several executive changes that suggested this shift, including theRead More

Via YouTube

Santander Makes Unexpected Subprime Gains as Competitors Pullback

July 28, 2017 at 12:54 pm 0 comments

Following two consecutive quarters of double-digit origination declines, Santander Consumer USA came up relatively flat in total volume for the second quarter compared to the same period the year prior, the subprime lender reported during an earnings call today. Santander cited origination declines as evidence that credit criteria is tighteningRead More

Santander Consumer Eyes Prime Loan Growth With Funds From Parent

Santander Consumer Eyes Prime Loan Growth With Funds From Parent

July 18, 2017 at 11:00 am 1 comment

Banco Santander SA plans to tack on another 9.7% to its existing 59% stake in Santander Consumer USA — it was reported last week — and could help the subprime auto lender better compete for prime loans. Through greater cooperation and access to Banco Santander’s capital, SC can lower its cost of fundsRead More

Spanish Parent Bank to Boost Stake in Santander USA

Spanish Parent Bank to Boost Stake in Santander USA

July 11, 2017 at 11:15 am 1 comment

Santander Consumer USA passing its stress test last month may have cleared the way for parent company Banco Santander SA to increase its percentage control of the auto lender, according to a published report. The Spanish bank first proposed a deal to purchase a 9.7% stake in the U.S. subprimeRead More

Santander Outlines Three-Pronged Strategy for Growth

Santander Outlines Three-Pronged Strategy for Growth

February 24, 2017 at 10:30 am 0 comments

Santander Consumer USA has a three-pronged plan for growth in 2017, said Rich Morrin, SC’s chief operating officer, during an analyst and investor day event, yesterday. “We know hope isn’t a strategy, we have specific things we’re working on in 2017, most importantly around Chrysler,” he said. “Chrysler continues to represent an opportunityRead More

Slot F