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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.
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.
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.
STAFF at high street bank Abbey are to share in a £16 million birthday present from the group's Spanish owner, Santander.
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.
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, the British banking group, saw its second-quarter net profit climb by 40 per cent to £491 million, its Spanish owner Banco Santander revealed.
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.
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.
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.
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 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.
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's turnaround looked on track today as it bounced back into the black in its first full year of Spanish ownership.
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.
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.
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 mortgages Internet bank Cahoot has entered the mortgage market.