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April 1, 2014
06:54 EDTSANSantander deems U.S. unit capital levels sufficient, Reuters says
Banco Santander CEO Javier Marin said that the company's U.S. unit does not need additional capital after stress tests done by the Federal Reserve, according to Reuters, citing Marin. Marin said that its U.S. arm Sovereign would have to adjust and improve some parts of its capital plan to resubmit to the Federal Reserve, but the changes would be qualitative instead of quantitative. Reference Link
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