[PRePublic]

Banco Santander is a SPANISH (Europe - Spain) based, not a latino bank.
Though it is true they have a lot of rep. in south America,

[CutePuppy]

Yes, its HQ is based in Spain, but it's the largest banking group with operations in 15 countries in Latin America. It is largest bank in Chile and one of the largest in Argentina, Mexico, Puerto Rico and Colombia.

Earlier this month Banco Santander, which operates in Puerto Rico and eight Latin American countries from Mexico to Argentina, admitted losing more than €2.3 billion ($3.22 billion) it had invested in the Madoff fund.

"Santander clients in Monterrey were invited to invest in that fund," says Ernesto Canales, a top Mexican corporate lawyer in Monterrey, known as Mexico's industrial capital.