Banco Santander is the largest bank in the euro zone by market capitalization. The Spanish-based bank had made a bid to buy Washington Mutual last month. Santander projects Sovereign will have a net profit of $750 million in 2011. The sale is expected to be finalized in the first quarter of 2009 after approval by both companies’ shareholders and regulatory approvals by U.S. and Spain bank regulatory bodies. The bank has EUR 918,332 million in assets and EUR 1,050,928 million in managed funds.”]
Source: https://www.cuinfosecurity.com/banco-santander-buys-sovereign-bank-for-19-billion-a-1015