Lester Owens will join Wells Fargo in the newly created role of head of operations. Lester previously worked at Bank of New York Mellon, JP Morgan Chase, Deutsche Bank, Citibank and Bankers Trust.
Santander agreed to sell its retail and commercial banking franchise in Puerto Rico, Banco Santander Puerto Rico, to FirstBank Puerto Rico for a total consideration of approximately $1.1 billion.
Santander Bank confirmed that the Office of the Comptroller of the Currency (OCC) has terminated a consent order dating back to 2015 related to SBNA’s billing practices with regard to a legacy identity theft protection product known as “Sovereign Identity Protector.”
Santander Consumer USA Holdings named Scott Powell to succeed Jason Kulas as president and CEO, effective immediately.