The Latest Breaking News from Santander

The FTSE 100 index closed up 59.40 points, or 0.6%, at 9,756.14.

The PA news agency looks at what banks have said about the proposed scheme.

Lender’s chief executive says redress proposals could affect jobs, supply chains and broader UK economy

The Spanish-owned group raised fears that compensation scheme plans could impact the car finance market and wider motor sector.

Wes Streeting addresses the ongoing rise in sales of weight loss jabs to make it safe for all UK patients.

Lloyds Banking Group and Close Brothers both said they were expecting to have to put aside more money to cover costs related to the mis-selling saga.

Metro Bank's recent system glitch sparked widespread frustration as customers reported being locked out of their accounts, facing unauthorised overdrafts, and losing funds.

Mike Regnier said he wants to pursue ‘other interests’ so it is the right time to step down from the Spanish banking giant.

Which’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.

So, Lime bikes are facing at least a dozen legal claims from cyclists who say they were injured while riding “faulty” bikes and alarmingly these alleged injuries include broken legs, arms and ankles, dislocated shoulders and brain injuries There are an estimated 40,000 Lime bikes out there and the company…

The high street lender has generated hundreds of alerts to pass on to the National Crime Agency to investigate further over the past year.