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As part of the agreement, Santander Private Banking plans to purchase $4.3 billion in client assets and liabilities with related staff from Indosuez Wealth Management.
The transaction is projected to close by the end of the first half of 2021.
Santander Private Banking today announced that it has reached an agreement with Indosuez Wealth Management ( Indosuez ) – the global wealth management brand of Crédit Agricole group – to purchase $4.3 billion in client assets and liabilities. The transaction is subject to regulatory approval and satisfaction of customary closing conditions, and is expected to close by midyear 2021.
Santander Wealth Management & Insurance Global Head Víctor Matarranz said,
Santander : Private Banking to Acquire Indosuez Wealth Management Business in Miami
03/16/2021 | 07:02am EDT
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As part of the agreement, Santander Private Banking plans to purchase $4.3 billion in client assets and liabilities with related staff from Indosuez Wealth Management.
The transaction is projected to close by the end of the first half of 2021.
Santander Private Banking today announced that it has reached an agreement with Indosuez Wealth Management (“Indosuez”) – the global wealth management brand of Crédit Agricole group – to purchase $4.3 billion in client assets and liabilities. The transaction is subject to regulatory approval and satisfaction of customary closing conditions, and is expected to close by midyear 2021.
Santander Private Banking to Acquire Indosuez Wealth Management Business in Miami yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Santander Bank’s Community Reinvestment Act (CRA) Rating Upgraded to “Outstanding” by the OCC
February 19, 2021 GMT
BOSTON (BUSINESS WIRE) Feb 19, 2021
Santander Bank, N.A. (“Santander“ or “Bank“) today announced that it has earned an upgraded Community Reinvestment Act (CRA) overall rating of “Outstanding” from the Office of the Comptroller of the Currency (OCC) for the 2017 – 2019 CRA performance exam period, including receiving the highest possible rating on the Lending and Investment tests, and a “High Satisfactory“ rating for Service.
The OCC’s CRA performance evaluation notes the major factors supporting Santander’s improved rating, including the Bank’s excellent responsiveness to assessment area credit needs, outstanding mortgage and small business lending by geography, high levels of community development lending, significant community development