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26 марта, 09:00

How UK banks are offering coronavirus support to customers

Lenders to overhaul overdrafts and mortgage repayments to ease financial falloutCoronavirus – latest updatesSee all our coronavirus coverage Britain’s banks have been rushing out measures to help people who face getting into financial difficulty as a result of coronavirus.Some lenders have announced changes to assist customers who may need to use their overdraft to tide them over, such as free borrowing for a period or a much bigger interest-free buffer. Continue reading...

13 марта, 14:06

City watchdog bans short selling of Italian and Spanish shares

One-day decision will apply to banks, carmakers and Juventus and Lazio football clubsThe UK’s financial watchdog has banned the short selling of more than 140 major Italian and Spanish stocks, including Juventus and Lazio football clubs, and banks.The Financial Conduct Authority’s one-day ban applies to shares including the Italian carmakers Fiat Chrysler and Ferrari, Unicredit bank and the drinks firm Campari Group. The Spanish banks Santander and Sabadell, and the planemaker Airbus, which is listed in Spain, France and Germany, are among those on the list. Continue reading...

03 марта, 21:51

Banks issue emergency loans to UK firms hit by coronavirus crisis

High street lenders ready to support businesses experiencing disruption UK banks are rolling out emergency loans to businesses that are showing signs of financial strain amid the coronavirus outbreak. High street lenders including Barclays, Santander UK and Royal Bank of Scotland began contacting thousands of business customers in recent days to check whether factory disruptions in China was putting their supply chains and cash flow at risk. Continue reading...

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08 февраля, 11:00

Bank fraud: couple lose £43,000 but can't get a refund

Two retirees were conned out of their savings, but the banks say they were negligentIt started with a phone call to their home landline – and ended with a police stakeout and panic alarm being fitted in their Cambridgeshire home. A retired couple who lost £43,000 to persistent and expert fraudsters have become the latest victims to complain that banks’ voluntary fraud code promising refunds to victims is worthless.In May last year, the UK’s biggest banks all agreed to abide by a new code that would see the victims of what is known as “authorised push payment fraud” refunded in full. Victims duped into sending money to an account operated by criminals were to be refunded, where they had been the victim of a complex fraud – a so-called no-blame scenario. Continue reading...

16 декабря 2019, 20:36

Major UK lenders all pass Bank of England stress tests

Banks warned they would have to cut bonuses and dividends to weather a financial crisisUK lenders are strong enough to withstand deep recessions at home and abroad but would struggle to stay afloat without slashing staff bonuses and shareholder payouts, the Bank of England has warned. The central bank also announced it was increasing capital requirements for banks by doubling the size of the so-called countercyclical capital buffer from 1% of risky assets to 2%. The move increases the size of the rainy day fund that would help lenders absorb up to £23bn of losses that might otherwise force the banks to restrict lending. Continue reading...

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10 декабря 2019, 15:15

Santander UK chief's pension slashed by £436,000 over two years

Lender is latest bank to yield to pressure from investors over excessive retirement benefitsSantander’s UK boss will have his pension allowance cut by £436,000 over the next two years, as the lender becomes the latest bank to bow to pressure from investors over bumper retirement benefits.Chief executive Nathan Bostock’s pay in lieu of pension is worth 35% of his £1.7m base salary, far above the 9% offered to the rest of staff. But the Spanish lender will cut Bostock’s lump sum to about 22% of salary next year before bringing it in line with the staff allowance in 2021. Continue reading...

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29 ноября 2019, 11:18

HSBC and Santander to refund customers over unauthorised overdrafts

Banks failed to alert hundreds of thousands of account holders via textHSBC and Santander are to refund millions of pounds to customers for failing to alert hundreds of thousands of account holders that they had gone into an unauthorised overdraft.HSBC is to pay back £8m to 115,000 customers after failing to follow banking rules that require a text alert to be sent to warn them they have gone into the red without authorisation. The text alerts are designed to give customers time to move funds and avoid a bank charge. Continue reading...

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30 августа 2019, 15:59

Santander extends PPI claims deadline after IT problems

Consumers have until 8pm to contact bank by phone or online after last-minute surgeSantander has extended its deadline for submitting claims for mis-sold payment protection insurance (PPI) until 8pm after a website glitch that it blamed on a last-minute surge in complaints.The official industry-wide deadline for making a claim passed on Thursday night and Santander was one of several banks plagued by technical problems during the final hours of the campaign. Continue reading...

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29 августа 2019, 15:46

PPI claims: consumers hit by online and phone problems as deadline looms

Santander apologises for IT glitch and other banks report long call-waiting timesConsumers making last-minute claims for mis-sold payment protection insurance (PPI) have had to deal with crashing websites and jammed phone lines as banks struggled to cope with an 11th-hour surge in complaints.While the final deadline for making a claim is 11.59pm on Thursday 29 August, the problems prompted the Financial Conduct Authority to say that “where a firm knows that customers may have had trouble accessing their services (whether website or phone) … then we would expect them to apply a pragmatic approach to dealing with complaints received immediately after the deadline”. Continue reading...

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23 августа 2019, 14:57

Royal Bank of Scotland and Santander rebuked for breaking PPI rules

Days before mis-selling scandal deadline, regulator says correct reminders were not sentThe UK’s competition authority has rebuked Royal Bank of Scotland and Santander for breaching payment protection insurance rules just days ahead of the deadline for claims in the biggest-ever financial mis-selling scandal.The Competition and Markets Authority said the banks had breached orders requiring them to send annual and accurate reminders to those customers who still have PPI of their right to cancel their policies. Continue reading...

23 августа 2019, 10:01

Markets edgy as investors await Jerome Powell's keynote speech – business live

Rolling coverage of economics, business and markets ahead of a key speech from the Federal Reserve chair in Jackson HoleBREAKING: China unveils tariffs on US goods worth $75bnRBS and Santander rapped over PPI failuresInvestors in Kevin McCloud’s projects told they face huge losses Hasbro buys Peppa Pig owner Entertainment One in £3.3bn deal Hong Kong businesses fear protests will push economy into recession 1.58pm BST Monetary policymakers like Powell have little room for manoeuvre when it comes to adjusting to shocks like the trade war, writes Nouriel Roubini, a professor of NYU’s Stern School of Business and former White House adviser.Central bankers do not have the tools to deal with the trade war – and the associated geopolitical battle for supremacy in technology.It is easy to imagine how today’s situation could lead to a full-scale implosion of the open global trading system. The question, then, is whether monetary and fiscal policymakers are prepared for a sustained – or even permanent – negative supply shock. Related: The next global recession will be immune to monetary solutions | Nouriel Roubini 1.49pm BST The timing of the announcement could barely be more difficult for Powell, who is due to speak in 90 minutes’ time.The central bank chief will have carefully thought through his wording on the trade war, with Trump’s White House breathing down his neck. He will have little time to think through adjustments this morning, despite it representing a major development adding to one of the biggest risk factors to the global economy.BREAKING: China announces retaliatory tariffs on $75 bn of US exportsNote: Products NOT currently hit by China's retaliatory tariffs - ie, GREY bar minus RED bar ($, billions): Autos and parts = 14.3 Aircraft = 14.1 Elec machinery = 10.2 ...Sourcehttps://t.co/tTZi444JH9 pic.twitter.com/dMdkGiHRK3 Continue reading...

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31 июля 2019, 08:01

Young Britons believe dream of owning home is over, survey says

Santander survey suggests only a quarter of under-34s could own a home by 2026One of Britain’s biggest mortgage lenders has found that 70% of young people now believe that the homeownership dream is over for their generation.Having carried out the largest-ever survey of potential first-time buyers, Santander said its own figures suggest less than 25% of 18- to 34-year-olds will be in a position to buy a home by the year 2026. Continue reading...

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26 июля 2019, 14:39

Santander says top banker made secret tape in job dispute

Bank accuses Andrea Orcel of ‘dubious moral behaviour’ over its withdrawn job offerSpain’s Santander has accused one of Europe’s highest-profile banker of “dubious ethical and moral behaviour” after he sued the bank for €100m (£90m) when it withdrew an offer to make him chief executive.The bank accused Andrea Orcel of making secret recordings during the dispute. Continue reading...

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03 июля 2019, 14:09

Banker lined up to lead Santander sues for €100m

Andrea Orcel accuses bank of breach of contract after it withdrew offer to hire himThe investment banker who was lined up to lead Santander, before it suddenly withdrew the offer over his pay demands, is suing the Spanish lender for €100m (£90m).Andrea Orcel submitted a lawsuit accusing Santander of a breach of contract, according to a report in the Spanish newspaper El Confidencial, demanding the bank either hand him the sum in damages or reinstate its offer of the chief executive’s post. Continue reading...

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13 февраля 2019, 16:55

Banks close thousands of ‘money mule’ accounts, MPs told

Fraudsters target young people on social media to use their accounts for illegal endsBanks are closing tens of thousands of accounts a year in the UK as fraudsters increasingly use social media to lure young people into becoming “money mules”, MPs have heard.Santander said it closed about 24,000 accounts a year on suspicion of fraud. About 11,000 of those are suspected money mule cases, where fraudsters use genuine accounts to process illegal payments linked to terrorism, money laundering and other economic crimes. Continue reading...

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23 января 2019, 13:42

Santander to close 140 branches, putting more than 1,200 jobs at risk

Spanish-owned bank hopes to find new roles for a third of the UK employees affectedSantander plans to close nearly one in five of its bank branches in the UK, putting more than 1,200 jobs at risk.The Spanish-owned bank, which has one of the largest high street networks in Britain, will shut 140 branches, leaving 614 after the closures, which will be completed by the end of the year. Continue reading...

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16 января 2019, 22:49

Santander recruitment farce puts greed and hubris centre stage | Nils Pratley

Andrea Orcel parable shows how little has changed at big banks since the 2008 crisisThe tale of how Banco Santander hired Andrea Orcel as its chief executive, and is now dropping him because it will not pay a €50m golden hello, is a mini classic. All the familiar banking features of greed, incompetence and hubris are present. And all the main players look ridiculous.Top of the list is Ana Botín, the Spanish bank’s executive chair. Recruiting Orcel, an Italian investment banker, was a bizarre move in the first place. Orcel, at UBS and previously at Merrill Lynch, was a longstanding adviser to Santander on acquisitions, but deal merchants tend to make terrible retail bankers. Continue reading...

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16 января 2019, 14:16

How much? Santander's choice of new boss deemed too dear

Compensation for past remuneration of ex-UBS banker Andrea Orcel branded ‘unacceptable’ Banco Santander has ditched its incoming chief executive after the former UBS investment banker proved too expensive for the Spanish lender to hire.The bank originally announced Andrea Orcel’s appointment in September and had settled the terms of his annual pay by that time. However, it was still unclear how costly it would be to cover deferred awards which Orcel had racked up at UBS over seven years. Continue reading...

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19 декабря 2018, 15:56

Santander fined for keeping dead customers' money

Bank failed to treat customers and their next of kin fairly – Financial Conduct AuthoritySantander UK has apologised after being hit with a £32.8m fine for holding millions of pounds back in deceased customer accounts up to 21 years after their deaths.City watchdog the Financial Conduct Authority said the the high street bank failed to treat customers and their next of kin “fairly”, having stalled or failed to complete the probate process despite being informed of their death. Continue reading...

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01 октября 2018, 09:27

UK manufacturers cut spending plans as Brexit fears rise

Only one-third of companies expecting to increase their investments, says reportBritish manufacturers are pulling back sharply on investment plans due to mounting uncertainty over Brexit and growing fears of a global trade war, a report has warned.Just one-third of companies said they planned to increase their investment in plant and machinery – a record low in the fifth annual survey carried out by the EEF manufacturers’ body and Santander Bank. Investment by small companies was particularly squeezed, with three-quarters saying they were having to mothball spending plans in the coming two years. Continue reading...

10 сентября 2014, 22:30

Глава банка Santander умер, но династия Ботин осталась у руля - economy

Патриарх, один из самых влиятельных бизнесменов страны - так описывает испанские СМИ Эмилио Ботина. Глава ведущего банка страны Santander скончался в Мадриде в возрасте 79 лет от сердечного приступа. Эмилио Ботин - потоственный банкир, семейную компанию Santander он пришел в 24 года и (с небольшим перерывом) проработал там до последнего дня. Премьер-министр Испании Мариано Рахой: "Ботин - человек, сумевший превратить Santander в самый крупный банк нашей страны. Он был великим посланнико… ЧИТАТЬ ДАЛЕЕ: http://ru.euronews.com/2014/09/10/the-dynasty-continues-santander-s-emilio-botin-succeeded-by-his-daughter euronews: самый популярный новостной канал в Европе. Подписывайтесь! http://www.youtube.com/subscription_center?add_user=euronewsru euronews доступен на 14 языках: https://www.youtube.com/user/euronewsnetwork/channels На русском: Сайт: http://ru.euronews.com Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronewsru Google+: https://plus.google.com/u/0/b/101036888397116664208/100240575545901894719/posts?pageId=101036888397116664208 VKontakte: http://vk.com/ru.euronews