Santander bolsters US investment banking through major hires and acquisitions, facing internal challenges.

Santander, Spain's largest bank, has transformed under Chairman Ana Botin by hiring over 200 former Credit Suisse investment bankers and acquiring Amherst Pierpoint Securities for $600 million. This has propelled Santander up the US league tables, with over a hundred deals this year. Though investment banking is now a key profit contributor, the bank faces challenges like upfront expenses and pay discrepancies among staff.

November 18, 2024
3 Articles

Further Reading