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Wealthy Foreigners Lured by U.S. Based Private "Edge" Banks

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Banco Santander, the Spanish bank, is one of largest financial institutions worldwide in terms of market capitalization. According to its website, the bank manages €1.383 billion in funds for more than 102 million clients through its network of 15,000 offices. Banco Santander operates an “Edge Act” bank based in Miami…

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