Santander Holdings USA, Inc. and Santander Consumer USA Holdings Inc. Provide Statement on DFAST Results and Capital Actions
(WorldNews Europe)

BOSTON and DALLAS, July 9, 2020 /PRNewswire/ -- Today, Santander Holdings USA, Inc. (`SHUSA` or the `Company`) and its publicly held subsidiary, Santander Consumer USA Holdings Inc. (NYSE: SC) (`SC`) commented on the results of the Federal Reserve`s 2020 Dodd-Frank Act Stress Test (`DFAST`) results and related Comprehensive Capital Analysis and Review (`CCAR`). Based on SHUSA`s 2020 DFAST results, the Company`s minimum capital ratios under the Federal Reserve Board (`FRB`) severely adverse scenario ranked in the top quartile among participating banks. Additionally, the Company will be subject to a preliminary Stressed Capital Buffer (`SCB`) of 2.5 percent, equal to the regulatory minimum,...