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The Latest Breaking News from Santander UK

Santander UK profits plunge after £295m motor finance hit

The high street lender reported pre-tax profits of £143 million for the three months to the end of September, down 65% on the previous quarter.

Evening Standard

Santander puts aside £295m for car loan mis-selling

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal

The Guardian - UK

Britain’s most affordable towns revealed

The average property in Britain is valued at 3.8 times the average annual household income, assuming two people working full-time, Zoopla said.

Evening Standard

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Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

The Guardian - UK

Santander bank cutting more than 1,400 jobs amid landmark car loan ruling

The company had 21,812 workers in the UK at the end of September

The Independent UK

Santander UK delays publishing earnings after major car finance court ruling

The delayed announcement comes as the wider Madrid-based bank revealed its profit increased by more than a 10th in recent months.

Evening Standard

Santander UK delays results as it considers landmark car loan ruling

Some analysts say court of appeal ruling on mis-selling could cost the bank £1.1bn

The Guardian - UK

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Romance scams surge despite 65% thinking they would never fall victim, says bank

Santander UK has recently seen customers aged from 18 to 93 years old affected by romance fraud.

The Independent UK

UK urged to lead fightback against the global ‘fraudemic’

Fraud has become a global phenomenon and needs collective action, according to a report.

The Independent UK

U.K. bank CEO says introducing 4-day week was way easier than going hybrid

Mark Mullen says Atom's four-day week, introduced in 2021, has reduced attrition and sickness rates among staff.

Fortune

Major bank CEO says he only took his $4.2M job on the condition he could work from home

"I wouldn’t have wanted to be away from home five days a week. That wouldn’t have been good for the family or for me.”

Fortune

Millions more in cash needed to fund UK’s open-banking watchdog

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers

The Guardian - UK

Nationwide’s Dominic West ad prompts complaint from rival

Watchdog receives complaint, reportedly from Santander UK, that advert paints misleading picture of bank branch closures

The Guardian - UK

Government 'asleep at the wheel' over claims of Iran sanction busting, MP warns

Lloyds and Santander UK deny wrongdoing after report that they were used by an Iranian state entity

Evening Standard

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The Independent UK

Bank urges customers to ‘remain guarded’ against scams over festive season

Santander UK said two customers had made claims on Christmas Day last year after falling victim to the family and friends WhatsApp impersonation scam.

Evening Standard

Average 5-year fixed-rate mortgage hits 6.3 per cent deepening UK’s home loan misery

Britain’s home loan misery was growing on Friday as the average five-year fixed-rate mortgage hit 6.3 per cent.

The Independent UK

UK’s biggest mortgage lenders in 2022 ranked

Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables.

Wales Online

Private sector backed initiative set to charge UK exports with one stop shop

The launch follows research that found that if UK exports had rebounded as strongly as Germany’s following the pandemic, it would be exporting $111bn more than is it now

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Daily Mirror

Over half of Brits wish they had been taught more about savings and pensions in school

Three-quarters of Brits feel their financial education was 'inadequate' - or even non-existent - and feel this has impacted their ability to navigate the cost-of-living crisis

Birmingham Post

Santander provides £25m backing for Dorset solar farm project

Service provider Voltalia has struck a deal with the City of London Corporation, which will see half of its energy delivered from South Farm Solar, powering landmarks such as Tower Bridge

Birmingham Post

North East deals of the week: key acquisitions, contracts and investments

Companies featuring in this week's round-up include Bernicia, Green Spark Utility Services, R H Irving and Satcom Global

Birmingham Post

Tyneside satellite communications firm secures multimillion-pound finance package to back international growth

Satcom Global specialises in providing internet services in remote places

Birmingham Post

Bruntwood SciTech secures £100m in green funding to aid expansion plans

Bruntwood SciTech now has a £380m financial package to support its growth and sustainability ambitions

Birmingham Post

Investment giant Vanguard to open first UK office outside London in city centre landmark

Starling Bank, Santander UK, RSM and Xero have all signed up to take space in the building in recent months

Birmingham Post

Starling Bank to create 1,000 jobs in Manchester after signing Landmark deal

Other tenants include Santander UK, RSM, HSBC UK and Grant Thornton

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