FILE PHOTO: The logo of Santander bank is seen on the facade of a branch in Mexico City, Mexico June 17, 2024. REUTERS/Henry Romero/File Photo
MADRID/NEW YORK (Reuters) - Spain's Santander launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending assets and broaden its retail business in the country, U.S. CEO Tim Wennes told Reuters.
The euro zone's third-biggest lender by market value is one of the few European banks with a retail presence in the U.S. market following the exit of rivals BBVA and BNP Paribas.
