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Globe and Mail
20 minutes ago
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Santander Holdings USA, Inc. Announces 2025 Stress Capital Buffer
The Board of Governors of the Federal Reserve System (the 'Federal Reserve') informed Santander Holdings USA, Inc. ('SHUSA') on June 27, 2025, of SHUSA's updated stress capital buffer ('SCB') requirement, which becomes effective on October 1, 2025. SHUSA's updated SCB will be 3.4% of its common equity Tier 1 capital ('CET1'), resulting in an overall CET1 capital requirement of 7.9%. SHUSA's strong capitalization supports our planned capital actions, and the updated SCB is consistent with our long-term capital efficiency objectives. As of March 31, 2025, SHUSA maintained $5.0 billion of excess CET1 capital over the updated 7.9% capital requirement. As a Category IV firm under the Federal Reserve's tailoring rule, SHUSA was not subject to the Federal Reserve's 2025 supervisory stress test and SHUSA's results were not publicly released. SHUSA completes its own stress tests utilizing our internally developed bank holding company stress scenario as well as the scenarios provided by the Federal Reserve. In our 2025 stress testing exercise, SHUSA maintains a strong capital position under all forecasted scenarios. SHUSA's internal recessionary stress scenario includes lower interest rates, high unemployment and large shocks to used car and commercial real estate prices. Santander Holdings USA, Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), recognized as one of the world's most admired companies by Fortune Magazine in 2025, with approximately 175 million customers in the U.S., Europe and Latin America. As the intermediate holding company for Santander's U.S. businesses, SHUSA is the parent company of financial companies with more than 11,300 employees, 4.5 million customers, and assets of $165 billion in the fiscal year ended 2024. These include Santander Bank, N.A., Santander Consumer USA Holdings Inc., Banco Santander International, Santander Securities LLC, Santander US Capital Markets LLC and several other subsidiaries. Santander US is recognized as a top 10 auto lender as well as a top 10 multifamily bank lender and servicer, and has a growing wealth management business. For more information about Santander US, please visit
Globe and Mail
21 minutes ago
- Globe and Mail
Nasdaq Announces the Board of Directors of its U.S. Exchanges
NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company, which include The Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq MRX, LLC, and Nasdaq GEMX, LLC: Kathlyn Card Beckles, Chief Legal Officer, Verisk Analytics, Inc. Michael J. Curran, Retired Chairman and CEO, Boston Stock Exchange Anne Marie Darling, Group Co-Chief Operating Officer and Barclays Execution Services Co-Chief Executive Officer, Barclays Kevin Kennedy, EVP, North American Markets, Nasdaq Thomas A. Kloet, Retired CEO and Executive Director, TMX Group Limited Anita Lynch, Former Chief Data Officer, New Relic, Inc. David Rosato, Chief Financial Officer & Treasurer, Eastern Bancshares Andrew J. Schultz, Head of Strategic Options Business, The Susquehanna International Group of Companies Elizabeth Wideman, SVP and Senior Deputy General Counsel, Comcast Corporation Thomas A. Wittman, Retired EVP and Head of Global Trading and Market Services, Nasdaq For further governance information, visit: About Nasdaq Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at Media Relations Contact: Chris Hayden +1.301.523.5829 Investor Relations Contact Ato Garrett +1.212.401.8737 -NDAQF-
National Post
37 minutes ago
- National Post
Mirabel, Que., Mayor Patrick Charbonneau dies suddenly at age 46
The city of Mirabel, Que., says it's in mourning after its mayor, Patrick Charbonneau, died suddenly at the age of 46. Article content The city said today that it appears Charbonneau died of natural causes. Article content Article content Charbonneau had announced in late April that he intended to run in November for a second term in Mirabel, a suburb north of Montreal. Article content The city described Charbonneau as a well-respected leader whose dedication and passion marked the city. Article content Article content Officials in the nearby cities of of Boisbriand and Mascouche also put out statements of condolences to Charbonneau's family and loved ones. Article content Article content
