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Banco Santander - Chile ADS (NYSE:BSAC)

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Banco Santiago is the largest bank in Chile, in terms of assets with Ch$4,088 billion (approximately US$9.86 billion ) as of March 31, 1997. The bank is the result of the merger of two of the largest institutions in the Chilean banking system, Banco O'Higgins S.A., mainly a corporate bank, and Banco de Santiago S.A., mainly focused in consumer and middle-market lending....

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Nobel Laureate Joseph Stiglitz maintains that globalization only works for a few elite groups.

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