Santander Consumer USA

Shake-up continues at Wells Fargo with poaching of Santander's CEO


Scott Powell, who resolved numerous regulatory problems as the head of the Spanish bank's U.S. operations, will face similar challenges at scandal-plagued Wells. As the bank's chief operating officer, Powell will report to CEO Charles Scharf, a former colleague at JPMorgan Chase.


FirstBank to buy Santander's Puerto Rico operations for $1.1 billion


The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits.


Santander's deposit push; HSBC’s strategic about-face


Santander Consumer is planning to attract online deposits via a national platform that could rival Goldman Sachs’s Marcus; HSBC is now in retrenchment mode after aiming for growth.


Santander Bank names longtime MUFG Union executive its CEO


The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.


Santander Consumer will pay $60M to remain a Fiat Chrysler partner


The agreement is expected to solidify a lending partnership whose status had been in doubt for more than a year. But it raised as many questions as it answered.


Santander’s U.S. units not out of woods yet


Santander Bank and Santander Consumer USA have put many problems behind them in recent years under CEO Scott Powell, but he still has a Federal Reserve enforcement action to resolve and is negotiating with Fiat Chrysler to preserve a crucial auto lending relationship.


Santander Consumer reports 14% jump in auto loans


The surge in originations during the first quarter more than offset a decline in demand for new leases.


Auto lenders upbeat amid fears credit cycle will sputter


Executives from Ally Financial and Santander Consumer USA gave rosy outlooks this week about 2019 consumer trends, while other banks that rely less heavily on car lending offered more cautious appraisals.


CFPB fines Santander Consumer for auto add-on product


The agency alleges the subprime auto lender violated consumer finance laws by misrepresenting the level of guaranteed insurance protection.


Santander Consumer's 3Q results show company at a crossroad


The Dallas subprime auto lender seems to be reaching the bottom of its lingering supply of accounting issues, yet its origination of more loans through Fiat Chrysler underlined questions about the future of its relationship with the big carmaker.