EXCLUSIVE: Santander Bank Exits Equipment Finance

Monitor has learned from reliable industry sources that Santander Bank is planning to exit the equipment finance industry in the U.S., consistent with a similar shutdown of EFL in the UK.

JPMorgan Agents New $750MM Facility for Vishay

Vishay Intertechnology has entered into a new $750 million credit facility. JPMorgan served as administrative agent.

Société Générale Leads $2.8B+ Vessel Financing for MSC Cruises

Société Générale acted as lead mandated lead arranger on a €2.524 billion ($2.862 billion) financing package for MSC Cruises. The funds will be used to finance construction of three new vessels.

Santander Launches Specialized Banking Group Led by Vaughan Alexanderson

Emily Vaughan Alexanderson was tapped to lead a new banking group within Santander Bank’s Commercial Banking division that will focus on the needs of clients in the non-profit and educational industries, among others.

Canny Joins Santander as Retail Network Head

Santander Bank appointed Colleen Canny head of its Retail Network. Canny will oversee a network of more than 600 branches and 4,100 colleagues in an eight-state footprint.

Santander Names Goodall Exec Director, Corporate Social Responsibility

Santander Bank named Seth Goodall as executive director, Corporate Social Responsibility. In this role, Goodall will be responsible for overseeing Santander’s Community Reinvestment Act activities and general corporate stewardship.

Santander Names Harnisch Head of Commercial Banking

Santander Bank named David Harnisch head of Commercial Banking. Harnisch will succeed Robert Rubino, who recently left the bank.

BofAML Arranges $600MM Revolvers for BGC Partners, Newmark

Bank of America Merrill Lynch acted as the active lead arranger on two separate credit facilities for BGC Partners and Newmark Group, respectively. Together, the credit agreements total $600 million.

Santander Taps Aldin To Head Expanded Commercial Banking Team

Santander Bank expanded its Commercial Banking presence in the Southeast region and has named Fred Aldin market director for Southeast commercial banking to lead the expansion. Santander also named Alex Terzi head of Southeast foreign direct investment banking.

Santander Expands Commercial Banking in Midwest

Santander expanded its Commercial Banking presence in the Midwest region by naming Patrick Dunphy as its managing director and Midwest market head based in Chicago.