BANCO SANTANDER TO BUY WEST GERMANY'S CC-BANK

  &lt;Banco Santander> signed a letter of
  intent with Bank of America &lt;BAC> to purchase its West German
  affiliate &lt;Bankhaus Centrale Credit AG>, CC-Bank, the bank said
  in a statement amplifying an earlier report from Frankfurt.
      "The incorporation of CC-Bank in our group will provide a
  major boost...For chanelling investment between Spain and the
  European Community," the statement said.
      "This operation enables us to take up a solid position in
  West Germany ahead of Spain's full integration into the EC's
  financial system in five years' time."
      The deal included the license for Visa credit cards.
  

