Banco Santander SA has recently become more involved in the U.S. leveraged loan market, including acting as a bookrunner for the Iowa Tribe of Oklahoma"s casino financing project.
The bank"s increased activity in this market can be attributed to a strategic hiring initiative that brought in several former investment bankers from Credit Suisse"s Wall Street division.
As a result, Santander has quickly risen in prominence, completing over a hundred deals in the U.S. this year alone, demonstrating its growing influence in the financial sector.