Santander Holdings USA, Inc. (NYSE:SOV-C) Files An 8-K Other Events
Item 8.01. Other Events.
On March 23, 2017, Santander Holdings USA, Inc. (the Company) and
its majority-owned subsidiary Santander Consumer USA Inc. (SC)
entered into a written agreement (the Written Agreement) with the
Federal Reserve Bank of Boston (the Reserve Bank).
its majority-owned subsidiary Santander Consumer USA Inc. (SC)
entered into a written agreement (the Written Agreement) with the
Federal Reserve Bank of Boston (the Reserve Bank).
Under the terms of the Written Agreement, SC is required to
enhance its compliance risk management program, SCs Board and
management are required to enhance their oversight of SCs risk
management program, and the Company is required to enhance, among
other matters, its Board oversight of SCs management and
operations.
enhance its compliance risk management program, SCs Board and
management are required to enhance their oversight of SCs risk
management program, and the Company is required to enhance, among
other matters, its Board oversight of SCs management and
operations.
The Written Agreement is attached hereto as Exhibit 99.1 and is
incorporated herein by reference. The foregoing description of
the Written Agreement is qualified in its entirety by reference
to the full text of the Written Agreement.
incorporated herein by reference. The foregoing description of
the Written Agreement is qualified in its entirety by reference
to the full text of the Written Agreement.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No.
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Description
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99.1
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Written Agreement, dated as of March 23, 2017, by and
between Santander Consumer USA Inc., Santander Holdings USA, Inc. and the Federal Reserve Bank of Boston |
Santander Holdings USA, Inc. (NYSE:SOV-C) Recent Trading Information
Santander Holdings USA, Inc. (NYSE:SOV-C) closed its last trading session down -0.14 at 26.03 with 725 shares trading hands.