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The Latest Breaking News from Santander UK

About £1bn in car loan compensation at risk because data deleted, lawyers warn

Lenders’ routine purging after six years means details of some car buyers due compensation may have been lost

The Guardian - UK

Santander UK freezes salaries and cuts jobs in commercial banking arm

Exclusive: Bank also set to slash bonuses in wider shake-up that could help make it more attractive to potential buyers

The Guardian - UK

WhatsApp scam known as ‘hi mum’ evolving at ‘breakneck speed’, expert warns

Santander UK’s fraud expert said that AI voice impersonation technology was making these scams even more realistic

The Independent UK

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Santander UK profits fall as bank lowers economic growth outlook

The UK bank said that ‘charges relating to changes to our branch network’ drove profits lower in recent months.

Evening Standard

Santander looks at splitting car finance from rest of UK division

Review follows fallout from commission scandal, which could cost bank up to £1.9bn in compensation

The Guardian - UK

Third of 18 to 21-year-olds ‘worry about money every day’

Less than a third of young adults surveyed said they had learned about student loans at school, Santander UK said.

The Independent UK

Santander UK reveals scams most likely to catch out different age groups

The bank saw a jump in older adults and younger adults reporting scams in the first quarter of this year.

Evening Standard

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Banks aim to reverse crunch appeal court victory for car buyers

Fears of a £44bn compensation bill over dealer commissions has prompted a high-profile appeal, which will be heard this week

The Guardian - UK

The locations set to get new banking hubs as Santander closes 95 branches

Here’s where customers will be able to do their banking

The Independent UK

Santander to close another 95 branches, putting 750 jobs at risk

The banking giant will close the branches in June, while also cutting hours across 36 sites and switching 18 to become counter-free

The Independent UK

Hundreds of jobs at risk as Santander to close 95 UK branches – see the full list

AROUND 750 jobs are at risk of redundancy at Santander UK as the high street lender announced 95 branch closures and sweeping changes across its…

The National (Scotland)

Santander puts 750 jobs at risk under branch closure plans

The banking giant said it was closing the branches in June, and also cutting hours across 36 sites as well as switching 18 to become counter-free.

Evening Standard

UK lenders paid car dealers cash upfront that may have led to costlier loans

Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers

The Guardian - UK

Some sub-4% mortgages will vanish from the market from Friday

One mortgage broker said market movements ‘look to be enough to put some of the very lowest rates in peril’.

Evening Standard

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The Independent UK

Mortgage wars kick-off as banks launch sub-4% deals

More sub-4 per cent mortgages have started appearing on the market from Thursday

Evening Standard

More sub-4% mortgage rates available from Thursday

The new deals were a positive sign that competition in the market was heating up, experts said.

Evening Standard

Santander UK is to offer sub 4% mortgage rates from Thursday

The new deals at 3.99% are part of a wider shake-up by the bank of its mortgage rates.

The Independent UK

Bank starts ‘full-scale mortgage price war’ with new offer

Deals are available to both buyers and those remortgaging

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Evening Standard

Surge in mortgage applications seen by major bank ahead of stamp duty deadline

From April, stamp duty discounts will become less generous.

The Guardian - UK

Santander UK staff brace for more job losses after 38% drop in full-year profits

‘Cost efficiencies’ programme planned for UK arm rocked by car loan commission scandal

Evening Standard

Santander UK profit slumps as questions remain over future of British arm

The Spanish-owned high street banking giant reported a 38% drop in UK pre-tax profits to £1.33 billion for 2024.

The Independent UK

Santander boss issues major update on UK future amid speculation over potential exit

Recent reports suggested bank was considering quitting UK

The Independent UK

Fears for mortgage market amid rumours of Santander’s UK exit

Santander UK is a prominent mortgage lender and recently cut rates on more than 70 mortgage products

Evening Standard

Santander’s potential UK exit raises concerns despite boss’s pledge to stay put

Executive chairman Ana Botin insisted ‘We love the UK’ following reports that Santander is reconsidering its presence in the country.

Evening Standard

Why could Santander bank leave the UK?

The bank has not been performing as well as expected and its owner, Banco Santander, may be looking at an exit

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