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Santander Consumer USA Says Minimum Capital Ratios Under FRB Severely Adverse Scenario Ranked In Top Quartile Among Participating Banks
Santander Consumer USA Holdings Posts Q1 Loss Per Share Of $0.01
Santander Consumer Usa Holdings Q4 Earnings Per Share $0.43
Santander Consumer USA Holdings Inc. is the holding company for Santander Consumer USA Inc., and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles. It also includes its personal loan and point-of-sale financing operations. The Company's primary business is the indirect origination and securitization of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. The Company offers auto financing products and services to Fiat Chrysler Automobiles US LLC (FCA) customers and dealers under the Chrysler Capital brand.
Consumer Financial Services
1601 Elm St Ste 800
Independent Chairman of the Board
Mahesh C. Aditya
President, Chief Financial Officer, Director
Stephen A. Ferriss
Independent Vice Chairman of the Board
Chief Financial Officer
Chief Human Resource Officer
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Santander Consumer USA Holdings Inc said on Tuesday it had agreed to make changes to its underwriting practices as part of a $550 million settlement with 33 states and the District of Columbia over subprime auto loans.
Santander Consumer USA Holdings Inc said Tuesday it has agreed to a settlement with 33 states and the District of Columbia worth $550 million over subprime auto loans and to make changes to underwriting practices.
Santander Consumer USA Holdings Inc <SC.N>, a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday.
A unit of European lender Banco Santander SA <SAN.MC> has agreed to settle claims by a U.S. consumer watchdog that it misled drivers about the costs of loans and the coverage of related insurance policies, said three people with direct knowledge of the settlement.
European lender Santander has agreed to settle claims by a U.S. consumer watchdog that it misled drivers about the costs of loans and the coverage of related insurance policies, said three people with direct knowledge of the settlement.
* NET FINANCE AND OTHER INTEREST INCOME DECREASED 8 PERCENT TO $1.0 BILLION IN Q1 2018 FROM $1.1 BILLION IN Q1 2017
* SANTANDER HOLDINGS USA, INC. ANNOUNCES PRICING OF ITS CASH TENDER OFFER FOR UP TO $400,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF CERTAIN SENIOR NOTES
* SANTANDER CONSUMER USA AND AUTOFI TEAM UP TO PROVIDE CAR BUYERS AND DEALERS WITH FAST AND EASY ONLINE SALES AND FINANCING Source text for Eikon: Further company coverage:
* QTRLY NET FINANCE AND OTHER INTEREST INCOME OF $1.0 BILLION, DOWN 11%
Banco Santander's <SAN.MC> on Wednesday reported a 4 percent fall in fourth-quarter net profit due to one-off impairments in its U.S. business, which marred otherwise solid results and a strong performance in the bank's largest market, Brazil.
* SANTANDER HOLDINGS USA, INC. ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES
Spain's largest bank Santander <SAN.MC> said it would take an impairment charge of 600 million euros ($711 million), mostly due to its U.S. consumer finance group, a move it said would hit fourth quarter earnings.
* Santander Consumer USA Holdings Inc qtrly total auto originations of $5.0 billion, down 3%
* Santander Consumer USA Holdings Inc says appointment of Juan Carlos Alvarez De Soto as CFO; departure of Ismail Dawood as CFO - SEC filing Source text: (http://bit.ly/2xNy3C5) Further company coverage:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.