santander

HSBC Holdings (HBC) sold its last U.S. auto finance units to Spain's Santander (SA) for about $3.56 billion. Santander Consumer USA is also assuming $431 million in debt, The Associated Press reported. The Spanish bank is acquiring a loan book valued at $4.3 billion. In March, Santander...

Spanish bank Banco Santander is repurchasing a 24.9% stake in Santander Mexico from Bank of America, restoring its virtually complete ownership in its Mexican unit.

International banking giants Banco Santander and Banco Bilbao, have gone on buying sprees abroad even as conditions at home declined sharply. But as their loan losses mount, the markets are finally looking past the banks' blithe optimism, seeing red -- and selling off.