Santander will cost 60 million dollars to clean up failed banks in the United States

El Pais

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The United States Government refused to provide public money to deal with the fall of Silicon Valley Bank, Signature Bank and First Republic Bank in the crisis that hit medium-sized banks in the second quarter. The sanitation bill will be borne by the deposit guarantee fund, financed with entities in the sector, including the US subsidiary of Banco Santander. Santander Holdings USA has calculated that it will have to pay 60 million dollars (55 m…