Reported about 16 hours ago
Banco Santander SA has reported a significant increase in profitability for its US investment banking operations, which more than doubled in 2024. This surge follows a series of strategic hires, particularly from the defunct Credit Suisse, as Santander aims to enhance its investment banking presence in the US. Despite posting a pre-tax loss from its local subsidiary, increased revenues from fees and a growing workforce of high earners suggest a successful trajectory for the bank's investment strategies.
Source: YAHOO