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The Latest Breaking News from Santander

Santander Posts Record Profit In 2023 After Rate Hikes

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

International Business Times

Nationwide intensifies mortgage price war with its lowest rates for 8 months

Building society announces best-buy deals starting at 3.84% while some rivals raise their rates

The Guardian - UK

Santander becomes first 'big six' lender to raise mortgage rates this year

However, brokers said the change was unlikely to be the first step in a wave of big price increases

Evening Standard

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Lenders including Santander continue to cut mortgage rates despite shock inflation rise

“Lenders do not seem to be bothered about the inflation figures at the moment,” one broker said

Evening Standard

Whose Lime is it anyway? How the green ebikes took over our streets

Are the tech giant’s bikes a convenient and sustainable form of transport or a menace clogging up pavements?

The Guardian - UK

UK car finance: ‘millions of drivers could get payout’ as watchdog investigates

FCA to examine whether consumers have been charged inflated loan rates on new and secondhand cars

The Guardian - UK

Price war erupts as six of seven major mortgage lenders slash rates

Top mortgage broker says major lenders are now engaged in a price war as rates dip below 4 per cent

The Independent UK

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Spanish High Court Cancels 0 Million Fines for Banks

Spain's High Court has overturned 0 million in fines that were imposed on four major Spanish banks, providing a boost to the country's banking sector.

Top News

How Barclays, Santander and HSBC cutting mortgage rates will impact you

Banks are cutting mortgage rates on products as competition amongst lenders intensifies - but what does it mean for first-time buyers and people remortgaging

The Independent UK

Two major mortgage lenders announce ‘very significant’ rate cuts

One of the UK’s leading mortgage brokers has called the move a ‘turning point’ for prospective buyers

The Independent UK

Sub-4% two-year fixed mortgage within sight as Barclays and Santander slash rates

The ‘big six’ lenders joined the ongoing rate war, following a number of others such as Halifax and HSBC in reducing mortgage prices this year

Evening Standard

In Colombia, Illegally Felled Timber Repurposed To Help Bees

In northeast Colombia, police guard warehouses stacked high with confiscated timber with a noble new destiny: transformation into homes for bees beleaguered by pesticides and climate change.

International Business Times

Most Americans Expect to Reach Financial Prosperity. Do You?

Most middle-class Americans expect to reach financial prosperity within the next decade, Santander study shows.

Kiplinger

Bank urges customers to ‘remain guarded’ against scams over festive season

Santander UK said two customers had made claims on Christmas Day last year after falling victim to the family and friends WhatsApp impersonation scam.

The Independent UK

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The Guardian - UK

Italian citizen’s bank accounts frozen owing to ‘shameful’ post-Brexit rules

Massimo and his British wife Dee say settlement scheme designed to frighten immigrants into leaving UK

Top News

Santander Acquires Santander Acquires Top News.1B Stake in US Real Estate Portfolio.1B Stake in US Real Estate Portfolio

Unveiling its latest bold move, Spain's esteemed Santander dives into the American real estate market, acquiring a lucrative portfolio for Santander Acquires Top News.1B Stake in US Real Estate Portfolio.1 billion.

The Guardian - UK

Sunak has supersized his lies, from WhatsApps to Rwanda

Keeping track of Tory falsehoods, whether to do with missing messages or immigration policy, is taking its toll

International Business Times UK

Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors

The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.

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The Independent UK

Banks’ performance in dealing with APP scam victims revealed by regulator

The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society.

The Independent UK

Santander warns firms to be on ‘high alert’ after impersonation scams double

The bank said more than 200 of its corporate and commercial customers are known to have been targeted in September.

Fortune

Future of Finance: TaxBit’s Argalas on the benefits of FinTech-TradFi collaboration, and how clear crypto rules would help everyone

Argalas ascended to the top position at TaxBit in June after previously serving as chief operating officer.

The Conversation

Bank CEOs set the tone from the top when it comes to risky behaviour — new research

Metro Bank positioned itself as “a fresh start to banking” when it launched in the wake of the 2008 global financial crisis. It was set up in 2010 as a challenger to the “big five” banks dominating the UK market post-crisis: HSBC, NatWest, Lloyds, Barclays and Santander.

Evening Standard

OPINION - London’s biggest rival as the best city in the world is not New York, it’s Paris

Each morning I take a deep breath as I turn a Santander bike onto Blackfriars Road at The Cut. I cycle north among a peloton of men on expensive bikes, personal best-ing through SE1. Does any other city have such a Mamil problem? Not Paris. During a happy week there…

The Independent UK

Six high-street banks given ‘red’ warning over eco policies, Which? reveals

JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were criticised by the consumer champion.

The Independent UK

Current account switchers could receive cash windfall in run-up to Christmas

Several current account providers have launched free cash offers to entice new business, Moneyfactscompare.co.uk said.

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