What Is Santander Bank?

Santander Bank, formerly known as Sovereign Bank, is a wholly owned subsidiary of Banco Santander, a Spanish bank. The bank mainly operates within the North Eastern region of the United States, with its headquarters based in Boston, Massachusetts. Santander bank offers various financial services and products, among them retail banking, mortgages, corporate banking, capital markets, insurance, cash management, trust and wealth management as well as insurance. The bank holds over $77 billion in assets, and has 650 branches. It also has over 2000 ATMs and employs 9800 employees.

Barclays Bank, one of the biggest multinational banking and financial services companies in the world, headquartered in London. Barclays is the oldest bank of British, and it has a long history more than three hundred years, which can be traced to 1690. Barclays is the first bank in the world that owns the Automatics Teller Machine, and issued the first Visa card in 1966 and the first debt card in 1987 of British. Up to 2012, Barclays was the seventh biggest bank in the world with the total asset of £1.49 trillion.

Bank of America purchased Security Pacific Corporation, and with that purchase Bank of America became the first bank to offer coast to coast operations. In the early 21st century bank of America was operating more than 5000 bank branches in the U.S. and conducting investment banking in multiple countries around the world. In 2004, Bank of America expanded its credit card business when they obtained National Processing, which is a transaction processing firm. To receive a high position in the wealth management business, Bank of America gained U.S Trust Corporation, a firm that manages investments in for high net worth clients.

Fifth Third Bank is a regional banking corporation and operates from Cincinnati, Ohio. It is a subsidiary of Fifth Third Bancorp. It offers Checking Accounts, Savings Accounts, Mortgages, Online Banking, and Credit Cards under Personal Banking meeting all individual needs of impeccable financial management and control. Fifth Third Bank provided financial services on commercial scales to small businesses too. Retirement planning with Fifth Third Bank comes with help for planning your goals like Invest for Retirement, Buy a Home, Plan for Education, Consolidate Debt, and Save for Life Events. In addition, Fifth Third Bank is aggressive in community involvement and has 1300 full-service locations in 15 regions.

SunTrust Bank is one of the nation 's largest financial institutions established in 1891and has it 's headquarter stationed in Atlanta Georgia. The bank offers a wide range of financial services from personal checking, mortgages, credit cards, investments and loans to consumers, businesses, commercial and corporate firms and has several branches and ATM across parts of the country but mainly in the Southern States like Georgia, Maryland, Washington D.C and Virginia. During the fiscal year in 2012, SunTrust netted revenue of $10,475 million increase of 23.4% over the fiscal year in 2011 (SunTrust Bank Inc, 2013). In 2012, SunTrust bank became the seventh financial institution in the U.S history to be affected by a "distributed denial of service attack (DDos) orchestrated by the hacktivist group Izz ad-Din al-Qassam" (Kitten, 2012).

RBC Royal Bank is the fastest growing financial institution in Canada. It has gained a lot of success over the past few years. It stands in the first position among the top five banks listed in order of market capitalization on Toronto Stock Exchange as of November 2015. According to Henry John Heinz, “To do a common thing uncommonly well brings success.” (Henry John Heinz, (n.d)). RBC is following the similar strategy in its business. Savings account, Chequing account, and other retail banking products are offered by other banks too, but RBC offers the same products in its unique way. RBC has more of a focus on clients; it builds very good business relations with clients. Recruitment of its well-skilled employees is also one of

Santander’s largest lending activity is shifted towards auto finance and Santander expanded a strong market share in offering financial assistance to consumers. With a strong presence on auto and retail credit presence, Santander also explored into different financial services.

After gaining enough capital to do so, Santander pursued a Merger and Acquisition strategy to largely increase its retail banking scope and scale internationally. It could also be argued that, with the help of their M&A strategy, the company was able to gain competitive advantage by differentiating their IT services. As we will discuss later, Santander acquired a special banking system that would allow the companies to reduce human resources, increase efficiency ratios, and smoothly merge with other businesses due to the integration of the technology.

They operate in four segments which are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. They have 242,388 full time employees.

Santander Group was founded in 1857 in the city of Santander, Catabria, Spain. With time, Santander grew rapidly in Spain and eventually branched out into Latin American and London. Santander became even bigger by acquiring Banco Espanol de Credito in 1994 and merging with Banco Central Hispano in 1999. Nowadays, Santander Group is one of the largest banks in the world in terms of market capitalization and net profit. Also, it operated one of the largest networks of retail bank in the western world. Santander Consumer Finance has grown from a small group of units operating in Spain, Germany, and Italy, into one of the largest consumer finance companies. The United States remains the largest market in the world for consumer finance, but has been growing in Europe for the past 20 years.

In addition, its Consumer Finance division operates through Scandinavia and other European countries. Its shares are listed on the stock markets of Spain, New York, London, Lisbon, Mexico, Sao Paulo, Buenos Aires, and Milan, and are featured on 62 different indices. It operates in four segments: Continental Europe, United Kingdom, Latin America and Sovereign. Continental Europe segment covers all retail banking business, wholesale banking and asset management and insurance conducted in Europe, with the exception of the United Kingdom. United Kingdom includes retail and wholesale banking, asset management and insurance. Latin America includes the specialized units in Santander Private Banking, as an independent globally managed unit. Sovereign includes all the financial activities of Sovereign, including retail and wholesale banking, asset management and insurance. On March 10, 2010, Santander Private Banking UK Limited completed the sale of James Hay Holdings Limited (including its five subsidiaries). Santander’s has a unique position in international banking: combining recurring retail business and geographical diversification. This company have been demonstrating the capacity to consistently increase revenues and generate value for its

According to group´s performance from 2002-2006 identifies that Barclays´ performance underpinnings are represented by its strategy of acquiring other banking (such as ABN Amro and Banco Zaragozano) concerns to expand its retail as well as other banking services through representation in international markets as represented by the bank’s presence in 60 countries. This provides Barclays with the means to sell its highly profitable investment banking services as well as be positioned to service the cadre of multinational companies that utilize its diverse banking financial service packages.

Bank of America is a worldwide banking and financial institution that serves over 35 countries, most commonly located on the Anglo and Latin America clusters. Bank of America has close to 5000 banking location alone in the U.S. and locations in 7 countries of Latin America. “The bank's core services include consumer and small business banking, corporate banking, credit cards, mortgage lending, and asset management. Its online banking operation counts some 33 million active users and 20 million-plus mobile users” (Bank, 2017). The first Bank of America location within the U.S. was in 1904 in San Francisco, California and opened its first Latin America location in Mexico City in 1951. These two clusters have a very diverse culture and factors that affect the banking business in each location. In the U.S. the middle class makes up a majority of the population, while in Latin America most consumers fall below the poverty line, which is a huge factor in the banking business. According to Restuccia’s thoughts in the Latin America development problem (2013), “economic performance in Latin America has often been viewed as the outcome of macroeconomic adjustment, as many economies in the region have suffered numerous economic crises” (p 70). However, Bank of America strives to promote economic growth, helping their employees succeed and create jobs, as well as become mobile and accommodating at every location worldwide.

Although different from shareholders' rights, employees also have rights within a company. Employees are protected from discriminatory acts by employers, such as decisions based on sex, age, gender, sexual orientation, race, religion and national origin. Most state laws grant employees the right to privacy. Employers are prohibited from sharing employees’ personal information and accessing employees’ personal possessions without approval. Employees can seek legal counsel if they feel their employer violated their rights under federal or state law. In some companies, employees may also own shares of their employer’s stock as part of their benefits package, making them shareholders as well. Employees who own shares possess both shareholder and employee rights.)

The case is about the SerendiB Bank which was playing a successful monopoly game in the Bankers field where only two other local banks were held due to the