The UK arm of Santander said today that it had set aside more than half a billion pounds to cover the costs of mis-selling payment protection insurance to its customers. Chief executive Ana Botin.
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Santander UK (LSE: 44RS.L – news) has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m. The Spanish-owned lender, which is the country’s fifth-largest.
Banco Santander is to take a 1.5bn writedown on the value of its UK business, the Spanish lender announced late on Tuesday. Santander blames ‘challenging’ regulations and Brexit for 1.5bn UK.
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United Kingdom. July 25, 2018 / 5:25 AM / a year ago. Santander profits take hit from Banco Popular costs.. partly due to ongoing competitive pressure on income and costs related to regulation.
Santander profits hit by PPI mis-selling costs. The parent company Banco Santander reported a first-half net profit of 3.5 billion euros, down 21%.. Santander UK has delivered profit in the.
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Santander has reported a knock to annual profits from a new 450m provision for mis-selling payment protection insurance (PPI) in Britain – its biggest market. The group’s UK arm reported a 4.1%.
Shares subject to a lock-up of more than 180 days will not count towards the free float level, however, the regulator said, and it is also further consulting on criteria it should take into account.
The bank also blamed economic uncertainty over Brexit, rising competition in the mortgage market and higher bad loan provisions for a 21 per cent fall in UK profits to 320m on a constant.
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High street banking giant Santander has revealed a 21% slump in profit after taking another hit from failed construction giant Carillion and suffering "competitive pressures". The Spanish-owned.
And it hit a lot of countries. the tax rate from 35% to 21%. It’s going to be a deficit of $1 trillion this year. US debt is already $20 trillion, the government debt, which is massive. A few.
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