Banco Santander SA (NYSE:SAN) is a multinational bank that provides diversified financial services. It operates under the commercial name Santander and is the parent company of Grupo Santander.
The Madrid-domiciled bank is reportedly among the world’s 16th largest banking institutions and one of the top companies in Europe.
Its ADRs are listed for trading on the New York Stock exchange under the quote of ‘SAN’. American Depository Receipts or ADRs facilitates US-based investors to invest in securities of a foreign company.
The Spanish banking company also operates in three business segments such as:
• Retail Banking
• Wealth Management
The bank provides a full suite of retail banking services under the segment, including consumer finance, private banking and insurance, asset management, etc.
Corporate and Investment Banking
The segment provides services for corporate banking, investment banking, treasury services, equity business and global capital markets.
Wealth Management and Insurance
Through Santander Asset Management, the bank provides wealth management and asset management services across the globe. In addition, Santander insurance provides diversified insurance services.
The bank’s operational headquarters are located in Boadilla del Monte, Madrid, Spain. Santander acquired Alliance& Leicester in 2008.
The company also operates Santander Global Platform, which consists of its global digital services under a standalone business unit. The services include:
• Global merchant services
• Global trade services
• Global payments services
• Digital services
As part of its digital transformation strategy, the Spain-based financial company aims to become a fully digitized bank by 2023.
The bank’s history dates back to 1856 in the city of Santander. In 2007, it was rebranded as Banco Santander S.A.
The diversified financial services include:
• corporate investment
• asset management
• mutual funds
• advice on merger and acquisition
• private equity
• retail banking
Abbey National Property Investments, Aevis Europe, S.A., Amazonia Trade Limited. Capital Street Delaware LP, Gesban UK Limited, Hyundai Capital Bank Europe GmbH, Mortgage Empire Limited, etc are Santander's subsidiaries.