Santander Puts Wraps On Balance Sheet Auto ABS

--Cristina Pittelli

Santander Consumer Bank Germany is closing a €1 billion ($1.5 billion) asset-backed securities deal of German auto loans known as SC Germany Auto 08-1 Limited. Santander will hold onto the deal because of unstable market conditions.

“It was a hard decision to recommend that Santander retain the deal,” said Robert Seehaver, associate ...