Santander US

Santander US released today our third annual Prosperity with Purpose Report highlighting progress on our sustainability commitments. We continue to further our mission to help our customers prosper, and we made important advancements to foster inclusive communities, empower people and businesses, and support the green economy.   Learn more here: https://lnkd.in/ei9wTYs7

Consumers plan to scale back in a range of activities this summer—from vacations to summer camps and childcare—as they adjust to higher prices and inflationary pressures, according to results from a new Santander US survey announced today. Nearly three in four middle-income households (72%) reported seeing prices rise in the second quarter, and four in five (78%) said inflation is a major concern. Most middle-income households (90%) have made spending cuts in at least one area, and 41% said they have taken on a second job or side gig to help make ends meet. Despite these stressors, consumers have managed to keep their budgets on track, with eight in 10 middle-income households (77%) staying current on their bills. The research also found that higher housing costs have led to a shifting view on the importance of homeownership, underscoring the need for rental options. Half of middle-income Americans (51%) believe that homeownership is not a requirement to be financially prosperous, compared to 27% who believe it is. Of those who rent, six in 10 believe having an affordable home, even if renting, is more important to achieving financial prosperity than having equity in a home.   Watch Santander US CEO Tim Wennes discuss the report's findings with Bloomberg News' Sonali Basak: https://lnkd.in/eDb245P5

On this Juneteenth, Santander US recognizes the achievements of today and from the generations that came before us. We celebrate the many triumphs over adversity and the rich legacy of strength, resilience, and vision. As we reflect on the power of our collective history, let’s build on this legacy through empowerment and inclusion. Join us in fostering unity and celebrating progress and freedom, as the work continues.

At Santander, we believe that small businesses truly are the backbone of our country. This is why we were thrilled to contribute $100,000 to the Small Business Development Center at Florida International University during the recent opening of our new Work Café in Coconut Grove, Miami.   Our charitable donation reflects our ongoing support for the Santander US Cultivate Small Business program and commitment to fostering the growth of communities and small businesses across South Florida.

Welcome Interns! We’re overjoyed to have you with us. Starting today, more than 170 interns will be joining the Santander community in Boston, Dallas, Miami, New York, Providence and Los Angeles as well as remote. We’re excited to share with you the best of Santander and set the stage for a summer full of personal growth, new opportunities, and plenty of fun!

During Military Appreciation Month, Santander colleagues across the US engaged in meaningful acts to honor our veterans. From military museum clean-up to home building for veterans in need, we’ve worked to ensure our heroes’ sacrifices are never forgotten. We also planted flags and displayed Missing Man Table exhibits, allowing us to pay homage to those who’ve fallen. Our commitment to honoring our veterans extended beyond these initial gestures through ship tours and a panel discussion featuring Medal of Honor recipient Colonel Jack Jacobs, providing us with invaluable insights into the lives of those who served. As we move forward, let’s continue to show our gratitude, offer support, and keep the stories of our veterans alive. They served for us; let’s continue to serve them in memory and action.

In just 1 week, we’ll be welcoming our Santander Summer Interns! The excitement is building as we prepare for a summer enhanced with the diverse perspectives of interns from all over.   We’re ready to learn and grow together in what promises to be an enlightening summer for all!

Pride Month is not just a celebration; it’s a historical time when we recognize that allyship is the cornerstone of creating inclusive environments. Pride reminds us of the importance of community and the continuous pursuit of equality and acceptance.   At Santander US, we’re committed to creating safe spaces where voices are heard, individuality is empowered, and unique qualities and experiences are valued. Join Santander US and Embrace Business Resource Group in contributing to a culture where everyone can thrive. 

During Asian American and Pacific Islander (AAPI) History Month, Santander US is excited to launch the ‘Hear My Name’ campaign. We believe that pronouncing names correctly is a vital part of identity, inclusivity, and empowerment. An inclusive workplace values every person, every name, and every story. That’s why we are encouraging all colleagues to support this campaign by including a name recording or adding the phonetic spelling of your name to your email signature. Whether you’re a Santander colleague or not, we encourage you to take part by updating your LinkedIn profile. Click here to learn more: https://lnkd.in/gJYzBSRY Thank you to our Santander UK team for first pioneering this important initiative.

Santander continuously shows support to the veterans in our communities by working with veteran-owned firms such as AmeriVet Securities, Inc. and Academy Securities. On Tuesday, May 28, Santander issued $1.25B Senior unsecured Notes with Amerivet and Academy as co-managers.