HIGH street banking giant Santander yesterday said a £100 million hit from tougher regulations left UK profits down by 3 per cent in the first quarter.
Santander UK, which has been losing top executives to Lloyds, has lured Charlotte Hogg, UK and Ireland managing director at Experian, as head of retail distribution and intermediaries.
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Virgin Money has poached two executives from Santander, adding to a string of defections since the Spanish bank's UK chief executive, Antonio Horta-Osorio, moved to Lloyds Banking Group in January.
Spain's Supreme Court yesterday barred Alfredo Saenz, the head of financial services giant Santander, from working as a banker for three months.
Banking giant Santander is not at risk from massive write-offs due to hit Spain's banks, a new note from analysts has assured.
SPANISH banking group Santander made clear yesterday it is sticking to the planned £20bn flotation of its UK arm in the first half of 2011 despite management upheaval.
LLOYDS Banking Group has poached Antonio Horta-Osorio, head of Santander's fast-growing British division, on a potential £8 million package to be its next chief executive in a coup that deals a blow to its Spanish rival.
ANA Patricia Botin, the eldest child of Spanish banking oligarch Emilio Botin, was yesterday hurriedly ushered in as the head of Santander's British operations in a move that makes her the first female chief executive of a UK-wide banking business.
THE rumour mill had linked a number of names with one of Britain's top jobs but there had been little expectation that Antonio Horta-Osorio, head of UK operations for Spanish bank Santander, had his eyes on leading Lloyds Bank.
High street banking giant Santander reported UK profits up by one fifth in the third quarter, but its Spanish parent warned over full-year results after a bad debt blow.
SANTANDER, the Spanish bank which recently bought 318 branches from Royal Bank of Scotland, looks set to postpone plans to float all or part of its UK business until next year.
SPECULATION that Spanish bank Santander is planning to spin off its UK operations within months is mounting following a string of acquisitions and new capital rules.
Lloyds TSB customers who use their agreed overdraft facility will, from December, have to stump up an additional £5 a month on top of their interest charges for the privilege.
DAILY charges for going overdrawn are set to become the norm after Santander became the latest high street giant to announce new current account fees.
SPANISH bank Santander is today set to be the only firm bidder in the auction of 318 branches being sold by Royal Bank of Scotland.
NATIONAL Australia Bank, owner of Clydesdale and Yorkshire banks, has pulled out of the auction to buy more than 300 Royal Bank of Scotland branches, leaving Spain's Santander the clear front-runner.
SANTANDER provided further ammunition for its push into business banking yesterday as it unveiled a 16 per cent jump last year in lending to small firms.
THE chairman of Spanish bank Santander has said he is keen to join the bidding battle for hundreds of branches and other assets of Britain's bailed-out banks due up for sale in the next few months.
SPANISH banking giant Santander posted a small drop in profit in the first nine months of the year as it boosted provisions for an expected rise in bad debts from Spain's housing boom hangover.
ABBEY and Alliance & Leicester owner Santander revealed a 30 per cent surge in interim UK banking profits yesterday – partly fuelled by its acquisition of A&L and Bradford & Bingley's savings arm.
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