Santander Holdings USA is the US subsidiary of the Spanish financial services company Banco Santander SA. The banks are known in this country as Santander, and they have a sub-prime auto loan subsidiary known as Santander Consumer USA Holdings Inc.
Why am I going through all the corporate names and locations? Because when I read about the trouble that sub-prime auto loan subsidiary caused Santander, it occurred to me that part of the problems these international financial behemoths run into – with offices and subsidiaries all around the globe! -might really be that it gets too complicated for one hand to know what the other hand is doing.