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

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

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.