Banco Santander (SAN) mulls an IPO of its U.S. auto-finance unit, not long after it raised $4B...

|About: Banco Santander S.A. (SAN)|By:, SA News Editor

Banco Santander (SAN) mulls an IPO of its U.S. auto-finance unit, not long after it raised $4B by peeling off a slice of its Mexican business in an IPO. Santander has a book of about $18B in the U.S. and is seeking a valuation of at least $6B, according to sources. The bank is looking to sell high as it deals with troubles back home.