Banco Santander

SAN

Market cap $158B

Former U.S. Treasury Secretary Larry Summers has resigned from Santander's international advisory board he currently chaired, a Santander spokesperson said on Wednesday.

Santander's exposure to companies owned by First Brands Group founder Patrick James has reportedly grown to $300 million. The increase was caused by James defaulting on a loan he took out to buy a French car parts group, The Wall Street Journal (WSJ) reported Wednesday (Nov. 19), citing unnamed sources.

A loan default involving French auto parts maker Novares has added to the debts owed to the Spanish bank.

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Santander Executive Chair Ana Botín discusses the bank's record year, but cautions that Europe's regulatory burden is holding back growth. Botín explains how Santander's global expansion gives it an edge, even as European banks struggle with slower reform and higher taxes.

A group of top performing European bank stocks broke out this week. Some have returned more than 120% this year.

Openbank, Santander's digital lender, said on Tuesday it had launched a cryptocurrency trading service in Spain, following rival BBVA.

While Nvidia, Palantir, Google and Apple earn a spot on the menu, the best mutual funds devour these four stocks.

NEW YORK--(BUSINESS WIRE)--Santander Bank, N.A. announced today the launch of Navigator Global, a new digital platform designed to help small and mid-sized U.S. businesses explore, enter, and expand into international markets. The platform leverages Santander's market expertise to support internationally ambitious business clients achieve global growth. Navigator Global provides U.S. businesses with step-by-step market-entry and expansion guidance across more than 30 international markets and 2.

Spanish lender Santander is set to appoint an insider as its next UK chief executive, with group chief risk officer, Mahesh Aditya, and UK retail and business bank head, Enrique Alvarez Labiano, lined up as the shortlisted candidates, the Financial Times reported on Thursday.