On Thursday, Shares of Banco Santander, S.A. (ADR) (NYSE:SAN), lost -0.75% to $5.28.
Santander Bank, declared the debut of its new signature checking account product called Simply Right – a simple-to-use account with very clear, easily-earned benefits and no fine print.
Simply Right’s features comprise:
- Monthly Fee is waived with just one customer-initiated transaction per month of any amount (one deposit, withdrawal, payment or transfer).
- No minimum balance requirement to avoid the Monthly Fee.
- Statement and service fee periods are aligned with the calendar month, starting the first day of every month and ending on the last.
“Simply Right defines what a simple checking account should look like,” said Michael Cleary, Santander’s head of Consumer and Business Banking. “Its straightforward features and benefits will be an attractive option for customers who are tired of paying unnecessary fees.” He added, “Unlike other banks that require minimum balances or a complicated combination of activities to waive fees, we have created an account that reflects how customers like to bank. With Simply Right, we’re improving the banking experience by eliminating all points of confusion and creating one of the most flexible accounts in the market.”
As part of the Bank’s commitment to make banking easier for customers, Santander is also simplifying its consumer checking account offerings by reducing its product line from 13 products to five. “Everyone will find something that meets their financial needs and circumstances among these five easy-to-use checking accounts,” said Cleary. “A simplified product line not only makes our customers’ choices easier, but it makes it easier for our team members to assist customers select the best product for their needs.”
Banco Santander, S.A. provides various banking products and services for individuals and companies. The company offers various deposit products, such as demand and time deposits; mortgages, auto finance, and personal credits; consumer finance; and mobile banking and electronic banking services.
Shares of General Electric Company (NYSE:GE), inclined 0.20% to $30.03, during its last trading session.
General Electric Company, declared that it has accomplished the sale of a portfolio of first lien mortgage loans from its UK Home lending business, representing aggregate ending net investment (ENI) of about US$5.8 billion to an investment consortium made up of opportunistic funds managed by Blackstone, TPG Special Situations Partners (TSSP), and CarVal Investors. The loans have a face value, or customer servicing balance of US$5.9/£3.8 billion. Terms of the transaction were not revealed.
“With recently’s closing, we have nearly reached our target aim of reducing GE Capital ending net investment by $100 billion this year,” Sherin said. “The speed and value we have achieved is a testament to the hard work of our GE Capital teams around the world.”
As formerly declared, GE is embarking on a strategy to focus on its high-value industrial businesses and is selling most GE Capital assets. GE and its Board of Directors have determined that current market conditions are favorable to pursue disposition of these assets. GE will retain the financing verticals that relate to GE’s industrial businesses.
General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aero derivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Finally, Shares of Dow Chemical Co (NYSE:DOW), ended its last trade with - 0.82% loss, and closed at $51.86.
The Dow Chemical Company’s Packaging and Specialty Plastics business collaborated with industry leaders Sustainable Packaging Coalition (SPC) and Accredo Packaging to produce Seventh Generation’s first recyclable Dishwasher Pods packaging. The new packaging features SPC’s How2Recycle label.
Dow developed the resins for the recyclable polyethylene stand-up pouch to assist ensure the package’s stiffness, toughness and sealability. Accredo Packaging converts these materials into pouches and their award-winning printing capabilities gives the package the aesthetics it needs to stand out on store shelves.
“Our aim was to produce a recyclable package for our Dishwasher Pods, without sacrificing performance or aesthetics,” said Derrick Lawrence, director of packaging development, Seventh Generation. “Our customers were asking for a more recyclable option, and our partnership with the Sustainable Packaging Coalition, Dow and Accredo Packaging turned that demand into a reality.”
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.