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The Latest Breaking News from Santander

Why are banks criticising the car finance redress scheme and what happens next?

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

Evening Standard

Santander urges ministers to intervene in UK car finance compensation scheme

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

The Guardian - UK

Santander scraps results and calls for Government action on motor finance

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

Evening Standard

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Streeting Suggests Making Weight Loss Jabs in the UK More Accessible Despite Sales Increase

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

International Business Times UK

Lenders warn of bigger hit to finances from £11bn car loan compensation plan

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.

Evening Standard

'Minus £7,000 Overnight': Metro Bank Glitch Sparks Outrage as Customers Report Vanished Funds

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

International Business Times UK

Santander UK’s chief to step down ahead of TSB merger

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

Evening Standard

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Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’

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

The Independent UK

OPINION - Should Lime bike users be forced to wear helmets?

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…

Evening Standard

Santander uses AI tool to help bust human trafficking gangs

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

Evening Standard

Boris bikes fight back against Lime: £40m sponsorship deal keeps TfL scheme on the road until 2032

Number of e-bikes due to rise to 5,000 as Santander agrees to continue investing in London’s original hire bike scheme

Evening Standard

Major bank launches new current account offering up to £20 cashback a month

It also includes travel and phone insurance and breakdown cover

The Independent UK

Santander UK launches current account offering up to £20 cashback per month

The Santander Edge Explorer account offers a package of perks in return for a £17 monthly fee.

Evening Standard

Failed house buys costing Brits £1.5bn a year as government urged to fix ‘antiquated’ system

Buyers are being let down by a system that ‘drains their mental, emotional and physical health’, Santander say

The Independent UK

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The Independent UK

Santander UK urges overhaul of ‘antiquated’ home-buying process

A report commissioned by Santander UK said the property market ‘sticks out like a sore thumb’ in an era marked by digitisation in daily life.

The National (Scotland)

Scottish bank's historic B-listed headquarters put on sale for £18.5m

THE historic B-listed Edinburgh headquarters of TSB Bank have been put on sale ...

The Guardian - UK

Do I need a TV licence? Should I insure my things? Last-minute money tips for students

From shopping deals to cheaper travel and bank account freebies, there are ways to cut costs

International Business Times

Spain's BBVA Bank To Start Sabadell Offer Monday

Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light.

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The Independent UK

Google issues warning to billions of Gmail users over password hack

Cyber criminals known as ‘ShinyHunters’ have previously targeted AT&T Wireless, Microsoft, Santander and Ticketmaster

The Independent UK

Best savings accounts and cash ISAs after interest rates cut in August

Inflation is likely to hit 4% - so make sure your interest rate is above that while still possible

The Guardian - UK

Santander mortgage cap jumps by as much as 24% as bank eases lending rules

Some higher-earning couples with smaller deposits could borrow extra £130,000 as a result of overnight changes

Evening Standard

All the Santander branches closing this week including two in London

The closures are part of a larger restructuring plan to close 95 of its 444 branches across the UK

Evening Standard

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Some analysts think the sale could make it easier for Sabadell to rebuff a potential hostile takeover bid by rival group BBVA.

Evening Standard

Santander bikes out of order across London due to tech error, TfL says

Transport for London said it was working to fix the IT-related issue ‘as soon as possible’

The Guardian - UK

UK student bank accounts: the best perks, from railcards to cheap meals

As exam results days loom, we examine what the big lenders offer those heading to university

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