Knowledge@wharton

Last week Spanish bank Banco Santander announced plans to use the recent strong financial performance of its Mexican unit as leverage to raise $4.3 billion in a stock offering -- the largest ever in Mexico’s history. Part of a longer-term expansion plan in Latin America the move is also designed to signal to financial markets that the bank has high growth potential outside of its troubled home markets in Spain and the eurozone. In an interview Wharton’s Mauro Guillen and Adrian Tschoegl authors of a book about the bank discuss how the deal fits in with Santander’s master plan. (Video with transcript) See acast.com/privacy for privacy and opt-out information.