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25

Santander’s U.S. Auto Lender Tumbles on Delay in Earnings Report

By Tony Seruga

Banco Santander SA’s car-financing unit in the U.S. tumbled in New York trading after saying it will delay release of its second-quarter financial report.

Santander Consumer USA Holdings Inc.’s shares fell 15 percent to $10.09 at 9:33 a.m., the most intraday since January 27. The stock declined 25 percent this year through July 22, compared with the 1 percent advance of the Russell 1000 Financial Services Index…

Santander’s U.S. Auto Lender Tumbles on Delay in Earnings Report

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