MADRID (Reuters) - Spain's Santander has agreed to sell a portfolio of distressed loans with a gross value of 1.1 billion euros ($1.21 billion) to U.S. private equity fund Cerberus and real estate ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Santander more than doubled its provisions for bad loans to €3bn in the final quarter of last year and expects ...

MADRID, May 5 (Reuters) - Spain's Santander SAN.MC has agreed to sell a portfolio of distressed loans with a gross value of 1.1 billion euros ($1.21 billion) to U.S. private equity fund Cerberus and ...

Richard Al-Dabbagh, head of Santander loans, said: "Santander is helping to lower the cost of borrowing by reducing our loan rates by up to 1.5 per cent. This could save customers over £400 on a loan ...

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MADRID (AP) -- First-quarter profits at Banco Santander fell 24 percent as the amount of money it set aside to cover bad loans rose sharply, particularly in its recession-hit home market of Spain. The ...

Santander Consumer USA Inc. will pay a $400,000 penalty and more than $275,000 to eligible impacted borrowers for violations of New York State Banking Law. An investigation determined the company ...