News
Spanish Regulator Imposes $47 Million Fine on Santander
4+ hour, 45+ min ago (391+ words) Banco Santander'was'reportedly fined'40 million euros ($47 million) by a Spanish regulator due to past deficiencies in internal processes in Spain at its digital unit'Openbank. The fine was imposed by Spain's anti-money laundering watchdog known as'Sepblac, Bloomberg reported Friday (Jan. 23), citing unnamed…...
Meta Ordered to Pay $552 Million in Case Alleging GDPR Violations
2+ mon, 3+ day ago (390+ words) Meta has reportedly been ordered to pay 479 million euros (about $552 million) after a Spanish court found that the company had violated the European Union's General Data Protection Regulation (GDPR) and breached Spain's antitrust law. Madrid's Commercial Court said Thursday (Nov....
Banco Sabadell Shareholders Reject BBVA’s Takeover Bid, Ending 18-Month Effort
3+ mon, 6+ day ago (425+ words) BBVA's hostile bid to take over fellow Spanish bank Banco Sabadell has ended after 18 months. Banco Sabadell shareholders representing 25.47% of the voting rights of the company accepted the takeover bid, a figure that fell short of the 30% that was required,…...
Santander-Owned Openbank Debuts Crypto Trading in Germany
4+ mon, 1+ week ago (377+ words) Openbank customers in Germany can buy, sell or hold Bitcoin, Ether, Litecoin, Polygon and Cardano together with their other investments, according to a Tuesday (Sept. 16) press release. The service will launch in Spain in the coming weeks. Customers do not…...
Banco Sabadell Considers Offers for UK Unit TSB
6+ mon, 3+ week ago (377+ words) The bank is accepting offers for TSB through Friday (June 27) and is likely to then select one bank with which to negotiate a potential deal, Bloomberg'reported'Friday. It is not certain that Santander or Barclays will make a deal or that…...
Santander to Sell 7 Branches Amid Digital-First Transformation
6+ mon, 4+ week ago (425+ words) Santander Bank'has made a deal to sell seven branches in Pennsylvania as it continues its transformation into a national, digital-first bank. The firm agreed to sell the branches to Syracuse,'New York-based'Community Bank, which operates about 200 branches in Pennsylvania, New…...
BBVA Advises Wealthy Clients to Add Bitcoin and Ether to Portfolio
7+ mon, 6+ day ago (391+ words) Spanish bank'BBVA reportedly advises that wealthy clients invest between 3% and 7% of their portfolios in the cryptocurrencies bitcoin and ether. The share depends on the client's risk appetite,'Philippe Meyer, head of digital and blockchain solutions at BBVA Switzerland, said while…...
Report: Santander’s Openbank Applies for Licenses to Offer Crypto Services
7+ mon, 3+ week ago (325+ words) Banco Santander SA is reportedly considering offering a stablecoin and providing its digital bank's retail clients with access to cryptocurrencies. The Spanish bank's online banking unit, Openbank, has applied for licenses to offer these services under the European Union's Markets…...
Santander Picks New US CEO Amid Company-Wide Reorganization
11+ mon, 3+ week ago (404+ words) Banking giant Santander has reportedly chosen a new U.S. CEO amid a larger reshuffle. Christiana Riley will succeed Tim Wennes as the bank's lead in the U.S., Executive Chair Ana Botin announced Friday (Jan. 31), per a report by Reuters. Sources told the…...