Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Banco Santander, S.A. (“Banco Santander” or the “Company”) (NYSE: SAN) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON BANCO SANTANDER, S.A. (SAN) CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On February 27, 2026, the Financial Times reported that lenders, including Santander, are “scrambling to understand the extent of losses,” after a UK-based mortgage provider named Market Financial Solutions Ltd (“MFS”) had “collapsed suddenly amid fraud allegations, reigniting fears of poor underwriting standards in the booming market for asset-backed lending.” The report noted that the judge overseeing insolvency proceedings “raised accusations of fraud, citing creditor allegations that MFS had been double-pledging its assets to lenders who could now have a right to less collateral than they thought.”
On this news, Santander’s stock price fell 4.48% or $0.40, to close at $11.96 per share on February 27, 2026, thereby injuring investors.
Then, on March 2, 2026, the Financial Times reported further details of ongoing administration proceedings, as well as that “[t]here might be a shortfall in collateral backing loans to MFS entities of as much as £930mn, according to two people with direct knowledge of the matter.”
On this news, Santander’s stock price fell 7.78% or $0.93, to close at $11.03 per share on March 3, 2026.
Most recently, on March 6, 2026, the Financial Times reported that the Bank of England’s Prudential Regulation Authority “is worried there may have been insufficient risk assessment and due diligence checks carried out by the banks on MFS and its sister companies, which have been linked to a property scandal involving a Bangladeshi politician.”
On this news, Santander’s stock price fell 1.25% or $0.14, to close at $11.06 per share on March 6, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
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Whistleblower Notice
Persons with non-public information regarding Banco Santander should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.
About Glancy Prongay Wolke & Rotter LLP
Glancy Prongay Wolke & Rotter LLP (“GPWR”) is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPWR has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPWR was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.
With four offices across the country, GPWR’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
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Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: shareholders@glancylaw.com
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
