Santander UK rides out interest rate peak but expects further mortgage weakness January 31, 2024 High street lender Santander UK has reported a jump in annual profits as it rode out the end of an interest rate spike, while weakness continued in the mortgage market.
Santander, Deutsche and UBS: European banks’ earnings set to be challenged by interest rate peak January 29, 2024 Investors will be looking at how some of Europe's biggest banks grapple with a likely peak in interest rates and an uncertain economic picture when they report full-year results this week.
Auto finance industry could face £16bn in compensation payouts from FCA probe January 25, 2024 UK auto lenders could be hit by up to £16bn in compensation payments after the City watchdog confirmed its probe in historic commission arrangements would look at cases going back to 2007.
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
Santander UK boss calls on Big Tech to reimburse fraud victims December 10, 2023 Santander UK chief executive Mike Reigner has called on social media giants, particularly Meta, to take more responsibility for reimbursing victims of fraud amid a boom in online scams.
Santander boss says scrapping bonus cap is ‘good news’ for industry November 27, 2023 Santander boss Ana Botín has supported scrapping the bankers' bonus cap in Europe following the UK government's decision to do so in October.
CBI’s annual conference had a distinct lack of CEOs – can it win them back? November 20, 2023 The CBI's annual conference had a notable lack of CEOs speaking. Can they be won back?
HSBC, Santander and Blackrock among firms advising Labour on private investment November 20, 2023 City firms HSBC, Santander and Blackrock are among those advising the Labour Party on private sector investment following the launch of a new infrastructure council.
Bank of England says lenders to be put through mini budget-style shock tests November 10, 2023 It is intended to replicate some of the chaos and more which was unleashed on markets last autumn after Liz Truss and Kwasi Kwarteng revealed their budget and other moments of turmoil.
Santander UK appoints veteran of 18 years as CFO following surge in profit November 9, 2023 Santander UK has appointed Angel Santodomingo as its new chief financial officer (CFO), replacing Duke Dayal, following a jump in profit for Spain's biggest lender.