Abbey's challenges after 2008 surge

SPANISH-OWNED Abbey predicted yesterday that this year would be "very challenging" following a storming performance in the UK mortgage market in 2008.

Abbey to open 300 new branches

BANKING group Abbey is set to open 300 new branches - boosting its UK network by almost 50 per cent.

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Scottish Widows sells Abbey Life for £977m

SCOTTISH Widows is selling its Abbey Life insurance unit for £977 million, it emerged today, as Widows parent group Lloyds TSB unveiled a 15 per cent jump in half-year profit.

Devil is in the detail with fee free mortgages

ABBEY has stormed into the mortgage market with a ground-breaking three-year fixed deal which will pay all your upfront costs when you are buying, selling or remortgaging your home.

Abbey sees profits surge ahead

TRADING profit at Abbey has jumped 24 per cent and statutory profits 18 per cent at just over 1 billion euros (£661.7 million), the company's Spanish owners have revealed, adding that it considered the once-troubled firm was firmly on track to target more of more of its rivals' business.

Present from Spain

STAFF at high street bank Abbey are to share in a £16 million birthday present from the group's Spanish owner, Santander.

Scots finance guru blasts Abbey lending

SCOTTISH financial guru Jim Spowart has blasted Spanish-owned bank Abbey's decision to lend house hunters up to five times their salary to buy homes.

Abbey sees 31% profit growth, outperforming Spanish parent

HIGH street bank Abbey National has reported a 31 per cent hike in profits, slightly ahead of growth at its Spanish parent, Banco Santander.

Abbey banks 40 per cent hike in profits

ABBEY, the British banking group, saw its second-quarter net profit climb by 40 per cent to £491 million, its Spanish owner Banco Santander revealed.

1,300 Abbey jobs cut as bad debt provision rises 30%

SPANISH bank Santander has cut 1,300 jobs so far this year at its British arm Abbey, as the bank also announced a 30 per cent jump in retail bad debt provisions.

Abbey in the habit of saying adios amigos

I S THERE anybody there? said the traveller, knocking at the moonlit door. The poetic line from Walter de la Mare could almost be applied to Abbey the way P45s have fluttered down like uncelebratory confetti since Spanish group Santander took over the British mortgage bank two years ago.

£1.6m bonus for Abbey chief after job cuts

THE chief executive of banking group Abbey has scooped a £1.67 million performance bonus - after a year in which he cut 4000 jobs, including dozens in Glasgow.

Abbey banks on expansion with up to 100 new branches

HIGH street bank Abbey has unveiled plans to expand with up to 100 more bank branches across the UK over the next ten years.

Resolution in bid to buy Abbey life funds

RESOLUTION has entered exclusive talks with Abbey National to create a £4 billion life insurance giant based in Glasgow - a move that could threaten hundreds of jobs across the city.

Abbey to shed '1,000 to 2,000' more staff

UP TO 2,000 more workers at the Abbey banking group will be made redundant on top of the 4,000 who have already gone, its Spanish owners said yesterday.

Abbey National back in black

ABBEY National's turnaround looked on track today as it bounced back into the black in its first full year of Spanish ownership.

Abbey set to unveil profits of £600m

HIGH Street banking giant Abbey will reveal profits of close to £600m this week, reversing three years of heavy losses, following a turnaround imposed by its Spanish owners.

Abbey denies delaying payouts on pension claims

ENDOWMENT claims-handling firm Brunel Franklin this week said it was raising the stakes in a bid to get Abbey to speed up the time it took to deal with claims.

Fresh jobs threat as Abbey eyes growth

BANKING group Abbey's new Spanish owners yesterday issued "aggressive" new targets for revenue growth over the next three years, but at the same time warned more jobs would be cut from the British subsidiary on top of the 4,000 that have gone this year. Abbey chief executive Francisco Gomez-Roldan said the cuts would "not be of the same magnitude", but would not be drawn further.

Cahoot enters mortgage market

Cahoot mortgages Internet bank Cahoot has entered the mortgage market.

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