Santander US CEO Talks Business Strategy, Industry Challenges By Rob Blackwell Chief Content Officer, IntraFi, ICBC Associate Member Regional banks have come under major stress in recent months, and while the situation appears to have stabilized, they face challenges ahead. That includes grappling with rising interest rates, attracting and keeping deposits amid tough competition from money market mutual funds and a potential recession. To gain a better sense of how regionals are navigating the current environment, I recently spoke with Tim Wennes, CEO of Santander US, for an episode of Banking with Interest. We discussed deposit competition, whether federal regulators will raise capital requirements, the bank’s approach to auto lending, how to target Gen Z customers and much more. What follows is our conversation, edited for length and clarity. 12 | INDEPENDENT REPORT
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