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Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2020 Results

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DALLAS, Feb. 3, 2021 /PRNewswire/ Santander Consumer USA Holdings Inc. (NYSE: SC) ( SC or the Company ) today announced net income for the fourth quarter ended December 31, 2020 ( Q4 2020 ) of $521 million, or $1.70 per diluted common share. Net income for the full year 2020 ( 2020 ) was $911 million, or $2.87 per diluted common share.
As a result of the Federal Reserve Board s extended interim policy (the Interim Policy ), SC is prohibited from paying a dividend in the first quarter of 2021. Although SC s standalone income is sufficient, SC consolidates into SHUSA s capital plan and, therefore, the calculation of the restrictions uses SHUSA s average trailing four quarters of income, which is insufficient to permit dividends under the Interim Policy. SHUSA has requested certain exceptions to the Interim Policy, however, the timing and outcome of the request is uncertain. ....

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Santander Consumer USA Partners with Operation HOPE to Provide Financial Wellness Program for Employees

Santander Consumer USA Partners with Operation HOPE to Provide Financial Wellness Program for Employees
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DALLAS, Feb. 2, 2021 /PRNewswire/ Santander Consumer USA Holdings Inc. (NYSE: SC) ( SC and the Company ), has partnered with Operation HOPE, Inc. to offer HOPE Inside, an award-winning financial wellness program, to all SC employees. HOPE Inside provides a series of financial workshops and one-on-one personal coaching sessions designed to educate and transform thinking when it comes to making decisions about money, building wealth and working toward financial independence.
Diversity, equity and inclusion are major priorities for SC, said Mahesh Aditya, President and CEO of SC. As we explore what it truly means to be an inclusive company, we know that when people are unable to save or invest, or don t have healthy habits surrounding the finer points of financial drivers like credit, lending and ....

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CEO Charlie Scharf making more changes at Wells Fargo with new consumer-focused office

CEO Charlie Scharf making more changes at Wells Fargo with new consumer-focused office
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COVID-19 dominates most-clicked 2020 stories

COVID-19 dominates most-clicked 2020 stories
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