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Banco Santander's stock rose 2.5% following a new partnership with Verizon, which introduced the Verizon + Openbank Savings account. This account offers Verizon customers a high yield savings option with an interest rate ten times the national average and potential savings on their Verizon bill. The collaboration aims to enhance Santander's presence in the U.S. digital banking market while providing unique financial solutions for Verizon's customer base.
Spanish Bank Santander has partnered with Verizon Communications to enhance its expansion efforts in the U.S. This collaboration aims to strengthen Santander's presence in the American market, leveraging Verizon's extensive telecommunications network.
Banco Santander S.A. is expanding in the U.S. through a partnership with Verizon Communications, allowing Verizon customers to earn bill credits by opening high-yield savings accounts with Santander's digital bank platform. Ana Botin, the bank's executive chair, views this collaboration as a significant advancement in their U.S. strategy and plans to explore additional partnerships. She expressed optimism about growth prospects, citing a lighter regulatory environment under President Trump and downplaying concerns over trade tensions.
VERIZON COMMUNICATIONS
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