Santander to Invest $2 Billion in Mexico Despite Tariff Risks.

Banco Santander plans to invest over $2 billion in Mexico to expand its presence in the country, citing Mexico's growth potential and demographics as key factors. Despite tariff risks from President Donald Trump, Santander views Mexico as an attractive investment destination. The bank's digital lender, Openbank, will offer competitive interest rates to customers and aims to compete with financial technology companies in Mexico. Santander's goal is to become the most profitable bank in Mexico by expanding its traditional bank, staff, and product offerings. [Extracted from the article]