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Santander launches US digital bank to cut cost of auto lending

UPDATE 1-Santander launches US digital bank to cut cost of auto lending Launches Openbank in US to expand retail unit nationwide Could help lender fund as much as $30 bln of auto loan assets Plans to evaluate how to grow Openbank further, including deals Adds details in paragraphs 9, 10, 11 on the U.S. and products By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which could help fund up to $30
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Santander launches digital bank in US to gain cheaper funding for auto loans

Santander launches digital bank in US to gain cheaper funding for auto loans By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending assets and broaden its retail business in the country, U.S. CEO Tim Wennes told Reuters.
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Norwegian bank DNB to buy Sweden's Carnegie for $1.14 bln

UPDATE 5-Norwegian bank DNB to buy Sweden's Carnegie for $1.14 bln Cash deal with PE firm Altor and minority shareholders Will boost Nordic presence, DNB CFO says No job cuts expected, deal to finalise in H1 2025 Adds CFO interview in paragraphs 2-4, 6-7, updates shares in paragraph 8 STOCKHOLM, Oct 21 (Reuters) - Norway's largest bank DNB DNB.OL has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish c
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Europe's banks under investor pressure to keep earnings growth alive

PREVIEW-Europe's banks under investor pressure to keep earnings growth alive European banks report Q3 earnings this week and next Focus on fading interest rate boost, cost controls UniCredit move stirs M&A chatter By Sinead Cruise LONDON, Oct 21 (Reuters) - Europe's biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall.
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FTSE 100 dips but logs weekly gain on rate cut bets

UPDATE 1-FTSE 100 dips but logs weekly gain on rate cut bets FTSE 100 down 0.3%; FTSE 250 up 0.2% British retail sales up 0.3% for September Updated at 1558 GMT By Pranav Kashyap and Nikhil Sharma Oct 18 (Reuters) - The UK's FTSE 100 ended lower on Friday, weighed down by British American Tobacco following its settlement to end a tobacco lawsuit in Canada, but the blue-chip index logged weekly gains in anticipation of a UK rate cut next month.
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