Santander UK profit jumps as bank continues to attract new customers
29th Oct 2015 13:10
(ShareCast News) - Santander UK reported a 6% jump in third-quarter pre-tax profit as the bank continued to gain new customers. Pre-tax profit for the quarter came in at £496m from £466m in the same period last year. For the first nine months of the year, profit rose to £1.42bn from £1.01bn a year a
Read moreBank of England sets GBP2.2bn retail bank ring-fencing requirement
15th Oct 2015 09:35
(ShareCast News) - Proposals by the Bank of England would require the UK's big banks to hold up to £3.3bn of capital under new ring-fencing rules designed to make their retail operations more resilient to potential market crashes. From 1 January 2019, banks with core deposits greater than £25bn from
Read moreShawbrook appoints Santander´s Steve Pateman as new CEO
2nd Oct 2015 09:05
(ShareCast News) - Specialist lending and savings bank Shawbrook has appointed Steve Pateman as its new chief executive officer with effect from 1 January 2016 subject to regulatory approval. Pateman joins the company from Santander UK, where he was executive director of UK Banking, responsible for
Read moreSunday newspaper round-up: SAB Miller, Tesco, Wm Morrison
27th Sep 2015 16:25
(ShareCast News) - AB Inbev could table a £70bn bid for SAB Miller this week, firing the starting gun on the biggest-ever takeover of a British company. Over recent days the world's two biggest brewers have begun "friendly" talks, sources said. The discussions continued into yesterday, with Budweise
Read moreAbengoa chairman to step down as company readies share sale
24th Sep 2015 12:32
(ShareCast News) - Embattled Spanish renewable energies outfit Abengoa's chairman, Felipe Benjumea, announced he would be stepping down after 25 years at the helm as the company revealed plans to go cap in hand to investors. The Seville, Spain-based company was looking to raise at least €650m in eme
Read moreWednesday newspaper round-up: European Oil and Gas, Volkswagen, Santander
23rd Sep 2015 07:15
(ShareCast News) - KKR, the American private equity giant, is set to invest hundreds of millions of dollars buying up European oil and gasfields, as it seeks to take advantage of depressed valuations in the industry after the collapse of world oil prices. KKR said yesterday that it was launching a n
Read moreSantander UK appoints new independent director
19th Aug 2015 13:27
(ShareCast News) - Santander UK has appointed former Nova Tech executive Ed Giera to its board. Giera has joined the Spanish owned bank as a non-independent executive, Santander UK said in an announcement. He replaced Bruce Carnegie-Brown, who was appointed to the board of Banco Santander SA, the b
Read moreSantander appoints former American Express vice-president as head of innovation
17th Aug 2015 11:41
(ShareCast News) - Santander UK has appointed Sigga Sigurdardottir as its head of innovation, the banking giant confirmed on Monday. She will step into her new role on 1 September. Sigurdardottir will join the FTSE 100 company from American Express, where she has worked since 2001 across Europe, Asi
Read moreStart-up British banks seeing better returns than larger rivals, says KPMG
22nd May 2015 13:35
New 'challenger' banks are outperforming the 'Big Five' high street banks, and the larger lenders need to examine better ways of standing out in the market, according to a report by KPMG. The reported said that new banks in the UK are securing stellar returns, as they pick up "the whitespace left be
Read moreBanco Santander first quarter profit jumps on Spain's recovery and weak euro
28th Apr 2015 10:18
Spanish banking giants Banco Santander said its first-quarter profit rose over 30%, on the back of Spain's economic recovery and the weakening euro. In the three months to 31 March, the group's profit jumped 32% year-on-year to €1.72bn, in line with analysts' expectations. In a statement released o
Read moreBank of England unveils plan for 2015 'stress tests' on UK banks
30th Mar 2015 14:13
The Bank of England on Monday outlined fresh plans to assess the UK's banks in the event of another global economic crisis. The new plan will be applied to the largest UK banks and building societies. The BoE said the purpose of the test is to ensure that the UK banking system can withstand a sever
Read moreSantander UK to replace Barclays as 'Boris bikes' sponsor
5th Feb 2015 16:46
Santander UK could soon replace Barclays as the backer of London's cycle-sharing scheme. According to Sky News, the lender is close to seal a £50m deal to replace its sector peer as sponsor of the British capital's cycle scheme. Santander and Coca Cola have been locked in a race to replace Barclays
Read moreSantander UK parent bank plunges 10% on capital hike plans
9th Jan 2015 09:28
Banco Santander, Spanish parent company of Santander UK, returned to trade on Friday with a 10% crash after announcing a capital hike. Trading in Santander was suspended on Thursday by the Spanish market regulator CNMV with its shares rising 3.3%. New Banco Santander chairman Ana Botin then announc
Read moreSantander UK handed £300m boost to bolster its capital position ahead of 2015 tests
21st Dec 2014 12:05
Santander UK has received £300m from its Spanish parent firm, as it aims to bolster its position ahead of a tougher round of Bank of England (BoE) stress tests in 2015. In 2015, the BoE is expected to scrutinise banks on an additional measure of financial strength that could make the regime more pun
Read moreSantander beats consensus with highest profits in almost three years
4th Nov 2014 09:29
Banco Santander reported third-quarter earnings on Tuesday that beat the consensus forecast after profit reached its highest level in 10 quarters. Attributable profit for the first nine months rose 31.7% to hit €4.36bn. For the third quarter, the Spanish bank earned €1.61bn, beating the consensus fo
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