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Banco Santander (SAN) confirms a report that it's considering an IPO of its Santander Consumer...

  • Thursday, November 22, 2012, 5:55 AM ET
    Banco Santander (SAN) confirms a report that it's considering an IPO of its Santander Consumer USA car-financing unit, with the listing part of an agreement signed with the business' other shareholders last year. Santander says it's too early to talk about timing, while the valuation will depend on the share price at the time of the IPO. A report says Santander is looking for a market cap of $6B.
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This news story has 2 comments:

  •  
    Basel III says in big letters, "raise capital." Even bankers can read that handwriting on the wall.
    22 Nov 2012, 06:20 AM Reply Like
  •  
    Sanatander is huge in Mexico. Too bad Canada's Scotia Bank has the car financing all tied up there. Almost every new car in Mexico is paying Scoctia Bank.(Except for the ones bought cash...
    22 Nov 2012, 08:02 AM Reply Like
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