CACEIS has entered into a memorandum of understanding with Royal Bank of Canada (RBC) to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. The acquisition, expected to be completed by the end of the third quarter of 2023, would include custody, global custody FX, fund administration, […]
Banco Santander revealed intentions to make a cash offer of 24 Mexican pesos per share or €550 million to acquire the remaining 8.3% stake in its Mexican subsidiary Santander México. According to the Spanish banking group, the offer is attractive to both its shareholders and that of Santander México. The deal is also said to […]
Mouro Capital, the recently created fintech venture capital arm of Banco Santander, announced an undisclosed investment in Spanish proptech company Clikalia as part of the latter’s Series A round. Clikalia is an online residential property platform that digitizes the process of buying and selling houses. It marks the maiden investment in a Spanish startup for […]
Banco Santander has expanded its global trade platform for companies by acquiring a 50.1% stake in Spanish fintech company Mercury Trade Finance Solutions (Mercury TFS) for €30 million. Mercury TFS is a trade finance digitalization software provider, which specializes in software solutions designed for automating the end-to-end management of trade finance transactions for corporate customers. […]
Spanish banking giant Banco Santander has signed a deal to divest its retail and commercial banking franchise in Puerto Rico – Banco Santander Puerto Rico to First BanCorp, the bank holding company of FirstBank Puerto Rico for about $1.1 billion. Considered to be the fourth largest banking franchise in the US territory, Banco Santander Puerto […]