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Banco Santander Totta S.A., also known as Banco Santander (Portugal), is a subsidiary of Spanish bank Banco Santander in Portugal. Founded in 1988, it is currently the largest private bank in Portugal. In 2000, the then Banco Totta was acquired by Santander Group, later changing its name to Banco Santander Totta.
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.
In the wake of the Portuguese sovereign debt and banking crisis, Banif was one among a number of Portuguese banks which were nationalized in order to be rescued by the government. In December 2015, as part of a 2,2 billion euro bailout and restructuring, the Portuguese government sold the remainder of Banif's assets to Banco Santander Totta ...
Spain's Santander is in negotiations with about 210 employees in Portugal as part of a wider cost-cutting plan that affects 11% of its workforce there, a source with knowledge of the matter said.
To try and gain market share in deposits in the U.S., Santander is initially offering a yield of 5.25% on its savings account, higher than Goldman Sachs' digital bank Marcus which gives 4.1% on ...
Banco Português de Negócios : sold to the Angolese Bank Banco BIC in 2012 Banco Privado Português Banif Financial Group : bailed-out by the Portuguese state in 2015 and sold to Banco Santander
Multibanco is a Portuguese interbank network.It is the largest interbank network in Portugal owned and operated by SIBS (Sociedade Interbancária de Serviços S.A.), that links the ATMs of 27 banks in Portugal, totaling 12,700 machines as of December 2014. [1]
In 1997, Horta-Osório moved to Brazil, where he initiated Santander’s retail activities in the country, [7] purchasing two retail banks and merging them into Banco Santander Brasil, [8] of which he became CEO (1997–1999) and chairman (1997–2000). From December 1997, he also became the chairman of Banco Santander Portugal.