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Evening Standard
Evening Standard
Holly Williams

Santander UK takes profit hit from further costs of motor finance scandal

Santander Santander UK United Kingdom TSB
The high street lending giant reported pre-tax profits of £202 million for the first quarter (PA) - (PA Archive)

Santander UK has seen profits slump by 44% at the start of the year after it set aside nearly another £180 million for the motor finance mis-selling scandal.

The high street lending giant reported pre-tax profits of £202 million for the first quarter, down from £358 million a year ago.

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