The US Federal Reserve issued an enforcement action against Banco Santander’s US subsidiary for paying a dividend without permission. The action, by the Federal Reserve Bank of Boston against Santander Holdings USA is a sign of the increasingly tough approach from US regulators towards the US subsidiaries of foreign banks. (Financial Times)
EX DIV DATE
Only four weeks to go to ex div 16th October 2014.....Payment 6th November for cash divs and about one week later for free shares for those who prefer this option. gla
And of course work is afoot to float Santander UK. Whether or not it actually floats, I don't understand why such a successful investment in the UK is so out of line, and another strong bank in the US would do no harm either if it were possible..
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