Santander UK customers hit by technical problems May 15, 2021 Santander customers in the UK are currently unable to withdraw money from the Spanish bank’s cash machines or access online services due to a technical problem. The lender, which has around 14m customers in Britain, said that the issue was affecting branch, telephone, online app and card services. “We’re aware of a technical issue affecting [...]
City Moves: Who’s switching jobs in the Square Mile this week? April 28, 2021 City PM‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. Cazoo bolsters board after $7bn NYSE listing After its $7bn New York Stock Exchange listing through its AJAX merger, UK online car retailer Cazoo has confirmed that a new non-executive director [...]
Santander UK profit soars two-thirds April 28, 2021 Santander UK hailed a “strong” set of results this morning as profit before tax rose nearly two-thirds in the first quarter. The bank said that pre-tax profit was up 61 per cent, jumping from £114m to £184m over the three month period. It added that its return on tangible equity (RoTE), a key metric, was [...]
Santander closing 111 bank branches across the UK, with 840 roles affected March 25, 2021 Santander closing 111 bank branches across the UK, with 840 roles affected
Ranked: Monzo tops list of best UK banks as digital services thrive February 15, 2021 Digital fintechs Monzo and First Direct provide better service to customers than traditional banks, according to a recent survey. Ipsos MORI conducted a review of around 1,000 customers from each of the 19 biggest personal current account providers in the UK to rank the best and worst banks. The findings are designed to compare the [...]
Millions of NatWest customers to see Visa debit card switch to Mastercard February 4, 2021 Millions of NatWest customers will see their debit cards switch as the British bank plans to start using Mastercard over Visa, despite Mastercard’s plans to hike EU fees. NatWest has become the latest bank to adopt Mastercard, which has prior agreements with Santander UK, HSBC’s First Direct and Monzo. The move will divert around 16m [...]
Santander records biggest loss ever as pandemic bites and profits plunge February 3, 2021 Santander recorded its first ever annual loss today, as €1.14bn restructuring costs overshadowed positive core banking results in the fourth quarter. Net profit plunged 90 per cent to €277m in the quarter versus the same period a year earlier, below the €411m average forecast from analysts polled by Reuters. The annual net loss was €8.77bn [...]
SMEs do not expect to be back at pre-pandemic levels until next year January 26, 2021 Small businesses have been left in financial ruin due to the pandemic, with one in 12 unsure they will ultimately survive, according to new research. The data from Santander found that 21 per cent of small businesses expect they may collapse before any changes in restrictions kick in. Those who will survive, do not expect [...]
Santander rebounds from historic loss as loan repayments pick up October 27, 2020 Santander returned to profit in the third quarter following a historic loss, upgrading its full-year forecasts as customers began to recover from the initial impact of Covid-19. Net profit at the Spanish lender trebled in the third quarter to €1.75bn compared to 2019, when Santander was hit by a large writedown in the value of [...]
Coronavirus pushes Santander to €11bn loss July 29, 2020 Santander suffered a record loss of €11bn (£10bn) in its latest half-year, it revealed today, as coronavirus provisions tanked its bottom line. The figures A massive €12.6bn impairment relating to coronavirus meant Santander swung to a €10.8bn loss for the first half of 2020. Underlying profit before tax halved to €3.8bn year on year. And [...]
