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The Latest Breaking News from Mike Regnier

Santander axes 2000 jobs and warns more cuts are possible

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul.

The National (Scotland)

Santander axes 2,000 jobs and warns more cuts are possible

The group announced last October it was cutting more than 1,400 jobs across the UK bank and said in March it was closing another 95 branches.

Evening Standard

Santander UK profits fall as bank lowers economic growth outlook

The UK bank said that ‘charges relating to changes to our branch network’ drove profits lower in recent months.

Evening Standard

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Santander boasted ‘flexibility is here to stay,’ then ramped up its RTO mandate to 12 days a month

Santander’s U.K. boss, Mike Regnier, travels about 160 miles to the office on select days as five in-person days were not “vital,” he said earlier this year.

Fortune

Santander to insist UK workers are in office three days a week

About 1,000 of those affected work in London and 4,500 at the bank’s new Milton Keynes headquarters

The Guardian - UK

Not even the boss of Starbucks needs to be doing a 1,000-mile commute if they can do the job from home

New Starbucks boss Brian Niccol caused many to spit out their coffee with the news he will commute around 1,000 miles from his home in California to the company’s HQ in Seattle. It’s true that he’ll have the luxury of the company jet for his trips to the office, which…

The Conversation

U.K. bank CEO says introducing 4-day week was way easier than going hybrid

Mark Mullen says Atom's four-day week, introduced in 2021, has reduced attrition and sickness rates among staff.

Fortune

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Major bank CEO says he only took his $4.2M job on the condition he could work from home

"I wouldn’t have wanted to be away from home five days a week. That wouldn’t have been good for the family or for me.”

Fortune

‘It’s not vital to spend five days a week in the office’: the bank boss who works from home

While big beasts on Wall Street rail against WFH, Mike Regnier of Santander UK says he wouldn’t have taken the job if he had had to commute all week

The Guardian - UK

Santander issues immediate warning to anyone with a mortgage

House prices will by slump 10% according to Santander

Liverpool Echo

Santander UK fined £108m over anti-money laundering failings

Financial Conduct Authority found ‘serious and persistent gaps’ in bank’s controls

The Guardian - UK

Rise in UK borrowers falling behind on mortgage payments, says Santander

Boss says bank is putting aside more money for potential defaults linked to cost of living crisis

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