All Entries Tagged With: "Santander"
Santander Wants Share in RBS: To Study Acquisition
According to a Spanish newspaper, Santander (NYSE:STD) may be interested in buying part of the Royal Bank of Scotland (LON:RBS).
Abbey raises Mortgage rates despite Libor plunging
The Spanish owned Bank, Abbey (LON:ANLA) raised its tracker Mortgage rates yesterday, pushing its two-year tracker mortgage product up by 0.25 percent, this comes despite the interest rate cut and the Libor rate falling.
The new Abbey tracker rate will be set at 2.24 percent over base interest rate currently at 2 percent. Previously the tracker [...]
Santander owned Abbey passes on rate cut
Abbey (LON:ANLA) the Spanish owned bank have said they will pass Bank of England Interest rate cut of 1 percent to all its customers an its variable rate mortgages that track the base rate, this will include all flexible deals, the changes will take place from January 1.
However, Abbey is withdrawing all its tracker products [...]
Santander owner of Abbey and Alliance & Leicester: Under Pressure
Santander the Spanish bank who owns Abbey, Bradford & Bingley’s saving business and Alliance & Leicester is now under immense pressure to raise capital to stay ahead of its European competition who took the Government bailout.
Santander turned down the Governments cash hand out, and decided to move £1 billion from another part of its company [...]
Abbey UK Takes Huge Share of Mortgage Market
Spanish owned Abbey National have continued in the third-quarter to bite large chunks of new mortgage lending, due to the weaker rivals leaving the mortgage loans market.
Abbey is owned by Santander – Spain’s largest bank, who have recently acquired Bradford & Bingley saving business and Alliance & Leicester. The bank has seen a profit jump [...]
Abbey: takes 25 percent share new net lending
Abbey National announced that it was responsible for 25 percent of all net new Mortgage lending in the three month run to September, showing the lenders strength in an ailing market.
Abbey who are owned by Spanish Bank Santander lent £10.8 billion more than recovered in repayments, this accounts for 28 percent of all extra mortgage [...]
Net profits surge 4.4% for Abbey’s parent Santander
Santander owner of Abbey reported a surge of 4.4 percent in its third-quarter net profits to 2.21 billion Euros from 2.11 billion a year previous. The profit boost came as the Spain’s largest bank focused on the takeover of Brazil’s Banco Real from ABN Amro and retail banking.
Spain’s Santander recently acquired the UK’s Alliance & [...]
Was Alliance & Leicester hasty in Santander deal?
Alliance & Leicester was never a bank to worry the likes of Halifax or RBOS, however it still came as shock to many at how quick they agreed a deal with Abbey owners Banco Santander.
A&L investor has been hanging around for some time in the hope of their
Alliance & Leicester & Abbey workers fear job cuts
Hundred of workers at Alliance & Leicester and Abbey are now in fear of job cuts following the £1.3billion takeover deal with Spanish banking giant Santander. The buyout deal with A&L looks all set to go through, but mass job cuts are inevitable.
Santander plan to merge Alliance & Leicester with Abbey, who
Alliance & Leicester Santander deal boasts banks sector
The news that Alliance & Leicester is to be bought by Abbey-owner Santander seems to have given a psychological boost to the banks sector; however the reason behind the quick buyout is very worrying.
A&L who have 5.5 million customers realise that the credit crisis is going to
Alliance & Leicester shares up 50% over takeover talks
We announced this morning that Alliance & Leicester are in takeover talks, it is thought that Santander is the potential buyers. Well it seems that this news has helped A&L’s shares, as they have increased by almost 50%.
Abbey owner Santander in Alliance & Leicester takeover bid
Santander, the owners of Abbey has now made a takeover bid for Alliance & Leicester (A&L); the news of a possible takeover has lead to A&L shares increasing by more than 40 percent.
Abbey introduce second lot of rate cuts
Just a few days ago Abbey announced that they were cutting rates on their fixed-rate and tracker mortgages. Well we have just learned that the Santander owned bank are to reduce the rates on their two and three-year fixed rate deals by up to 0.15%.
If you was to take out their two-year fixed-rate deal your [...]
Abbey has risen some fixed-rate mortgages week after announcing rate cuts
Customers of Abbey have been left a little confused as well as betrayed, as the bank owned by Santander have risen some fixed-rate mortgages by up-to 0.44 percent, this follows an increase in borrowing costs. Abbey Customers are