Santander Resolves Decadelong Dispute Over Tax Credits

Law360 (September 4, 2019, 5:43 PM EDT) -- Santander Group has resolved its decadelong dispute with the U.S. government over tax matters tied to the bank’s role in an international securities transaction, including by agreeing to penalties, according to a Massachusetts federal court filing.

A Santander Bank branch in New York. Santander Group's lengthy dispute with the U.S. government over tax matters dated back to a transaction made by Sovereign Bancorp before its merger with Santander. (AP) Santander Holdings USA Inc. and the government told the district court that they’ve resolved all remaining claims in the case, which the First Circuit remanded in December 2016 after finding the bank was involved in...

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