secwatch.observer — SEC 8-K summary
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Issuer:     Santander Holdings USA, Inc. (SNUS-PI)
CIK:        0000811830
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0000811830-24-000036
Event type: regulatory
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Holdings USA's 2024 SCB set at 3.5%, total CET1 requirement rises to 8.0% effective Oct 1
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- Federal Reserve set SHUSA's 2024 stress capital buffer at 3.5% of CET1, up from 2.5% in prior cycle.
- Overall CET1 capital requirement increases to 8.0% from 7.0%, effective October 1, 2024.
- As of March 31, 2024, SHUSA held $5.1 billion in excess CET1 over the new 8.0% requirement.
- SHUSA remained in the top half of firms subject to the 2024 Supervisory Stress Test by CET1 ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000081183024000036/0000811830-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000081183024000036/sov-20240628.htm
  HTML page:      https://secwatch.observer/filing/0000811830-24-000036

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