Santander Group

The Santander Group (English pronunciation: /ˌsɑntɑnˈdɛər grʊp/) is a Spanish banking group centered on Banco Santander, S.A. (Spanish: [ˈbaŋko santanˈder]) and one of the largest banks in the world in terms of market capitalisation. According to Forbes Magazine Global 2011, it was the 13th largest company in the world. It originated in Santander, Cantabria, Spain. The 1999 merger of Banco Santander (founded in 1857) and Banco Central Hispano (founded in 1991) following the merger of Banco Central [est. 1919] and Banco Hispanoamericano [est. 1900], created Banco Santander Central Hispano, or BSCH. This merger between Santander and Banco Central Hispano (BCH) 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 chairman of Banco Santander Emilio Botín of trying to push his own agenda and threatened to take legal action against him. This post-merger squabbling was resolved when BCH executives Jose Amusátegui and Angel Corcóstegui agreed to accept severance payments, retire and relinquish control to Mr. Botín, at an expense to shareholders of...


  • Charter Communications expands in Stamford

    The Stamford Advocate, Conn. 9 hours ago
    Slightly more than a year after arriving in downtown Stamford, Charter Communications -- which entered the spotlight following a failed bid for Time Warner Cable in February -- has signed for an additional full-floor lease for 37,000 square feet at 400 ...
  • Stress test failure hurts Citizens sale

    The Providence Journal 3 weeks ago
    The Royal Bank of Scotland Group faces a tougher challenge to sell Providence-based RBS Citizens Financial Group after its U.S. subsidiary failed the Federal Reserve's stress test. RBS Citizens was one of three U.S. units of foreign ...
  • A closer look at the 5 rejected banks

    The Associated Press 3 weeks ago
    The Federal Reserve is barring Citigroup and four other big banks from increasing their dividends or buying back their own stock because they need better plans for coping with a severe recession. Here's a look at the banks whose ...

More News from Around the Web


Login to make editorial changes to the current page.

Login Cancel