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

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.
Comments (2)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    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
  • Loon-a-tick
    , contributor
    Comments (1447) | Send Message
     
    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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