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Santander to Spend $12 Billion on US Bank
Ana Botin runs Banco Santander, a Spanish bank. On Tuesday, she announced a $12 billion US bank deal.
This deal fits her goal to make Santander a top US bank. On Wednesday, Santander shares fell following the news. Some Spanish investors reacted to the big deal.
Klear Note — Banco Santander is one of Europe's biggest banks. The $12 billion deal is a major investment to grow in the US market.
Key Terms 2
- Banco Santander
- A large Spanish bank that operates in many countries.
- Ana Botin
- The leader who runs Banco Santander.