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Banco Santander (Brasil) S.A. is the Brazilian subsidiary of the Spanish Santander Group, headquartered in São Paulo, Brazil.It is the fifth largest banking institution in Brazil, as well as the fifth largest in Latin America, and the largest division of the group outside Europe, accounting for around 30% of its financial results globally by 2019. [3]
Banco Santander S.A. trading as Santander Group (UK: / ˌ s æ n t ən ˈ d ɛər,-t æ n-/ SAN-tən-DAIR, -tan-, US: / ˌ s ɑː n t ɑː n ˈ d ɛər / SAHN-tahn-DAIR, [2] [3] Spanish: [ˈbaŋko santanˈdeɾ]), is a Spanish multinational financial services company based in Santander, with operative offices in Madrid.
Banco do Estado de Pernambuco (Bandepe); acquired by Banco Real, now Santander Brasil; Banco do Estado do Piauí (BEP); acquired by Banco do Brasil; Banco do Estado do Rio de Janeiro (Banerj); acquired by Banco Itaú; Banco do Estado de Santa Catarina (BESC); acquired by Banco do Brasil; Banco do Estado de São Paulo ; acquired by Santander Brasil
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As Banco Santander owned 25% of Sovereign, it had the right to buy the bank for $40 per share for one year beginning in the middle of 2008. [11] On 1 June 2006, Sovereign Bank purchased Independence Community Bank Corp. of Brooklyn, New York , for $3.6 billion in cash. [ 12 ]
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Banco Banespa (Banco do Estado de São Paulo) was a Brazilian regional bank, founded in 1909 by the state government of São Paulo. The bank was privatized in November 2000 by the government of former president Fernando Henrique Cardoso and sold to Spanish bank Santander .
Banco Real branch, in Belo Horizonte. Banco Real was a Brazilian bank, owned by Spain's Banco Santander. ABN AMRO had owned the bank but in October 2007, a consortium led by Royal Bank of Scotland that also included Banco Santander and Belgium's Fortis, acquired ABN AMRO and proceeded to dismember it.