The Santander Group is a Boston based Spanish banking group with its principal market is in the North-eastern US. Santander operates more than 700 retail banking offices and over 2,000 ATMs employing close to 9,000 people offering an array of financial services and products. It offers services like retail banking, capital markets, corporate banking, mortgages, credit card, trust and wealth management, cash management and insurance.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 6 competitors of Santander.
Barclays is a leading multinational bank listed on the London and New York stock exchange, which provides financial and banking assistance to clients in different countries. Barclays aims to help their customers by offering the kind of services and products that they expect and will result in fulfilment of their requirement. Barclays Bank is growing to be one of the largest financial service provider of the UK, with over 1500 branches spread to serve over 10 million customers across the globe.
UBS is a global financial company headquartered in Zurich, Switzerland. UBS offers several financial management services like retail banking, commercial banking, investment banking, wealth management etc. It was founded in the year 1862 and it has around 60,000 employees globally.
Standard Chartered is British multinational banking and financial services company. It operates in more than 70 countries across the globe and majority of its profits come from Asia, Africa and The Middle East. It was founded in 1969 an is headquartered in London.
4. Bank of America:
Bank of America is a banking institution and financial services provider around the globe. It was set up as Bank of Italy in 1904 by Amadeu Gianni. It has grown multifold over the las hundred and twelve years to become one of the leading banks in the United States.
5. JP Morgan Chase:
JP Morgan Chase is a multinational financial and banking service provider. It is one of the oldest financial institutions in the US and is headquartered in New York City. With assets of $2.4 trillion JP Morgan Chase is largest bank in the United States and the sixth largest bank in the world by total assets.
Citigroup Inc or Citi was founded in the year 1812 by merging two big giants Citicorp and Travelers group and is headquartered in Manhattan, New York city. Citibank mainly deals with investment banking and financial services. Citibank have one of the largest financial services network ranging over 160 countries with around 17,000 office worldwide and over 200 million accounts in 160 countries.
To conclude, the above article highlights the various competitors which compete with Santander. This understanding helps to evaluate the various external business factors for any company.
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