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Large Spanish bank wants to come to Canada
December 21, 2024
2:32 pm
Loonie
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I believe it's called Santander. Very large, operating in various countries, Open banking is a strength apparently. Poised to potentially challenge Big Six. One to watch.
If interested, there are some brief articles online.

December 21, 2024
2:56 pm
Dean
Valhalla Mountains, British Columbia
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They're already in the USofA & Mexico. We're probably next . . .

.
I guess I'll have to brush-up on my Spanish. sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

December 21, 2024
5:07 pm
Doug
British Columbia, Canada
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Loonie said
I believe it's called Santander. Very large, operating in various countries, Open banking is a strength apparently. Poised to potentially challenge Big Six. One to watch.
If interested, there are some brief articles online.  

Thanks, Loonie. Yeah, I'm not surprised by this news. I've been following the updates in the Canada Gazette for awhile now.

Interestingly, they've already been operating in Canada to some extent since their acquisition of Carfinco (now branded as Santander Consumer) and are the largest non-bank automobile consumer finance company in Canada.

I do not see them bringing branches to Canada, but perhaps bringing their Openbank operation to Canada (think Ally Canada or ING DIRECT Canada). Definitely one to watch. sf-cool

Cheers,
Doug

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