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Santander Enters Canada, Boosts Competition

This is a Canada news story, published by financialpost, that relates primarily to Banco Santander SA news.

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banking & finance news

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Santander Consumer Bank

financialpost

financialpost

•

Business

Business & Economics

One of the world's biggest banks may have to focus on niches to break "barriers" in Canada

financialpost

Summary

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76% Informative

Banco Santander SA received a licence for its subsidiary to operate in Canada last month .

Being granted a banking licence means Santander Consumer Bank ( SCB ) can now take deposits from consumers.

Santander’s presence in Canada dates back about 10 years , when it spent $300 million to buy Edmonton -based Carfinco Financial Group Inc ..

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82

Informative language

84

Neutral language

38

Article tone

formal

Language

English

Language complexity

63

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not offensive

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not hateful

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Time-value

short-lived

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8

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