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The Latest Breaking News from Santander

Treasury launches reforms to ease ring-fencing rules on banks

The move was warmly received by a raft of banks including NatWest and Santander on Monday.

Evening Standard

European banks show mixed results as HSBC profits dip while UniCredit's rise

HSBC reported a slight contraction in profits while Italy's UniCredit surpassed market expectations as banking institutions navigate a complex landscape defined by geopolitical tensions.

Euronews

Santander completes £3bn takeover of TSB in ‘biggest investment in UK banking sector for 15 years’

Spanish-owned Santander said the deal went through on Thursday after recently securing the green light from regulators in the UK and Europe

The Independent UK

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Santander completes near £3bn takeover of rival TSB

The deal sees the combined group become the UK’s third biggest bank for current accounts and fourth for mortgages.

Evening Standard

Deutsche Bank, Santander and UBS profits rise amid market impact from Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Euronews

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

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

Evening Standard

Path clears for city watchdog to proceed with £9.1bn car finance payout scheme

The Finance and Leasing Association said it had ‘concerns’ about the programme but that it was choosing not to raise a legal challenge.

Evening Standard

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Santander agrees to pay compensation on mis-sold car loans

Payouts are due on about 12.1 million mis-sold deals from various lenders at an average of £829 each, the Financial Conduct Authority said.

Evening Standard

‘Positive signal’ as more mortgage lenders join this week’s rate cuts flurry

Nationwide Building Society, Halifax Intermediaries and Santander will make mortgage rates reductions from Friday.

Evening Standard

Boost for borrowers as lenders cut rates on new mortgage deals

IN FULL

The Independent UK

More lenders cut rates in fresh boost to mortgage market

‘Blink and you’ll miss them’, warn brokers on mortgage deals

The Independent UK

Why are there protests over plan to send Frida Kahlo masterpieces to Spain?

Officials are trying to reassure Mexicans that a collection of artworks would return by 2028. Still, critics of the move to Spain remain skeptical.

Euronews

Major mortgage lenders set to make more rate reductions after last week’s cuts

Santander and HSBC UK, which both made mortgage rate reductions last week, are making further cuts this week.

Evening Standard

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

The Guardian - UK

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The Independent UK

Lenders start to cut mortgage rates after Iran war turmoil

IN FULL

The Independent UK

Boost for borrowers as mortgage deals on the rise again after Iran hit

Big lenders move to cut rates and hundreds of deals return to market

Evening Standard

Major lenders poised to reduce mortgage rates on Friday in ‘encouraging’ move

Average rates are showing signs of having reached a plateau, according to Moneyfacts.

The Independent UK

Boost for buyers as Santander becomes first major lender to cut mortgage rates since Iran war

Mortgage experts say the reductions are a good sign, though it’s still unclear when cheaper mortgages will return

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The Independent UK

What major banks are doing to tackle mortgage fears in UK housing market

IN FULL

Evening Standard

‘Meaningful relief for borrowers’ as banks prepare to cut mortgage rates

Santander has said it is ‘pleased’ to pass on a reduction in borrowing costs following a fall in swap rates.

Golf Monthly

Rory McIlroy's Nike Contract: How Much It's Reportedly Worth, When It Ends And Will He Renew?

Rory McIlroy has been signed with Nike for well over a decade and has reportedly earned a colossal amount of money along the way - here are the details

The Guardian - UK

Mexican art world protests over plan to send Frida Kahlo masterpieces to Spain

Cultural figures sign open letter asking government for clarity on how long landmark collection will remain abroad

Evening Standard

Pet scam warning from major bank after surge in reports

Common tactics used by scammers include asking for money as a deposit, to cover delivery of a pet, or for vet bills, Santander UK said.

Evening Standard

Car finance lenders shares rise after industry bill for redress cut by £2bn

Lloyds and Barclays shares were up by more than 1% and Close Brothers rising by around 2.5% on Tuesday.

The Guardian - UK

UK banks keep £100 limit for contactless card payments despite FCA scrapping it

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now

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