This transaction provides Santander an opportunity to increase its investments in financial institutions and enter the United States by establishing a partnership with Sovereign and Independence.
Quotes about santander (3 Quotes)
I am not surprised Santander wants to expand in the UK. The Spanish bank is moving like a freight train, and its momentum appears unstoppable. Deals usually take six to nine months to complete, which is why Santander is already thinking about its next move.
We are delighted to have these disputes resolved and put behind us. Sovereign has a proven track record of creating more than a 200 increase in shareholder value over the last ten years, and our board, including Ralph Whitworth, our other new director and the Santander and Independence Community Bank representatives, will work together to continue to deliver superior value going forward.