Popular on EntSun
- Female Motorsports Sponsorship & Expansion; Acquisition Agreement of UAE-Based Sports Incubator by Online Lottery & Sports Game Provider: Lottery.com - 242
- WOA Entertainment Group Unveils Independent No.1's: Breakthrough Artists II —A Celebration of Indie Excellence - 221
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator - 220
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures - 215
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement - 204
- BillBoards Inc. Hits the Road with God Bless America Tour and Reality Series Now Streaming on Tubi TV - 154
- Token-Operated Sake Service Opens at Tobu Nikko Station - 134
- Honoring Black History, Culture, and Community in Fall River - 131
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research - 122
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits - 117
Similar on EntSun
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
Santander Holdings USA, Inc. Provides Statement on Supervisory Stress Test Results
EntSun News/10943242
BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. ("SHUSA" or the "Company") commented on the results of the Federal Reserve's 2022 Supervisory Stress Test Results.
Based on SHUSA's 2022 Supervisory Stress Test results, the Company's minimum capital ratios under the Federal Reserve Board ("FRB") severely adverse scenario ranked in the top quartile among participating banks. Additionally, the Company will be subject to the FRB's Stressed Capital Buffer, which is expected to be finalized for all firms during August 2022. As of March 31, 2022, SHUSA's CET1 ratio was 18.5%, well above its current regulatory CET1 requirement.
SHUSA believes the stress test results demonstrate its resiliency and the strength of its business model and capital position. The results indicate that SHUSA can remain well capitalized during times of severe market stress. The Company's robust capital planning process is designed to ensure the efficient use of capital while maintaining a long-term approach to capital allocation and distribution.
The timing and amount of any capital actions will depend on a variety of factors, including the business plans and financial performance of the Company and its subsidiaries, general market, and economic conditions, and are subject to any applicable regulatory requirements and approval by the Company's board of directors.
More on EntSun News
About Santander Holdings USA, Inc.
Santander Holdings USA, Inc. is a wholly owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), a global banking group with 155 million customers in the U.S., Europe, and Latin America. As the intermediate holding company for Santander's U.S. businesses, SHUSA is the parent organization of financial companies with approximately 14,600 employees, approximately 5 million customers, and $160 billion as of December 2021. These include Santander Bank, N.A., Santander Consumer USA Holdings Inc., Banco Santander International, Santander Securities LLC, Santander Investment Securities Inc., and several other subsidiaries. Santander US is recognized as a top 10 auto lender, a top 10 multifamily lender, and a top 20 commercial real estate lender, and has a growing wealth management business with more than $41 billion in assets under management. For more information on Santander US, please visit www.santanderus.com.
Contacts
Media:
Andrew Simonelli
267-798-6406
andrew.simonelli@santander.us
Based on SHUSA's 2022 Supervisory Stress Test results, the Company's minimum capital ratios under the Federal Reserve Board ("FRB") severely adverse scenario ranked in the top quartile among participating banks. Additionally, the Company will be subject to the FRB's Stressed Capital Buffer, which is expected to be finalized for all firms during August 2022. As of March 31, 2022, SHUSA's CET1 ratio was 18.5%, well above its current regulatory CET1 requirement.
SHUSA believes the stress test results demonstrate its resiliency and the strength of its business model and capital position. The results indicate that SHUSA can remain well capitalized during times of severe market stress. The Company's robust capital planning process is designed to ensure the efficient use of capital while maintaining a long-term approach to capital allocation and distribution.
The timing and amount of any capital actions will depend on a variety of factors, including the business plans and financial performance of the Company and its subsidiaries, general market, and economic conditions, and are subject to any applicable regulatory requirements and approval by the Company's board of directors.
More on EntSun News
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Bay Street Yard to host "Love Island" finale watch party July 13
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
About Santander Holdings USA, Inc.
Santander Holdings USA, Inc. is a wholly owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), a global banking group with 155 million customers in the U.S., Europe, and Latin America. As the intermediate holding company for Santander's U.S. businesses, SHUSA is the parent organization of financial companies with approximately 14,600 employees, approximately 5 million customers, and $160 billion as of December 2021. These include Santander Bank, N.A., Santander Consumer USA Holdings Inc., Banco Santander International, Santander Securities LLC, Santander Investment Securities Inc., and several other subsidiaries. Santander US is recognized as a top 10 auto lender, a top 10 multifamily lender, and a top 20 commercial real estate lender, and has a growing wealth management business with more than $41 billion in assets under management. For more information on Santander US, please visit www.santanderus.com.
Contacts
Media:
Andrew Simonelli
267-798-6406
andrew.simonelli@santander.us
Filed Under: Business
0 Comments
Latest on EntSun News
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Voices for Humanity Builds a Better Future for Ghana with Richmond Atta-Williams
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- John Duffy Hosts Sister Irene O' Neill, Founder and President, and Kelly Mallon Young
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- American Made Ivey Abitz Bespoke Clothing Travels for Summer
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- Bruce In The USA Brings Immersive Bruce Springsteen Celebration to Frederick This October
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy