Shares of Banco Santander were falling 2.1% to $8.71.
The Spain-based bank is reportedly looking to buy out of Santander Consumer, according to Bloomberg. There's no mention of how much Banco Santander would pay to buy the company.
The Federal Reserve recently took enforcement action against Santander Consumer USA, saying the company declared an unauthorized dividend and paid about $21 million to outside shareholders, according to the Wall Street Journal. Banco Santander was forced to repay the U.S. subsidiary, which was banned from declaring additional payouts.