Santander UK sets aside £295m for motor finance payout Banking Santander UK has set aside £295m in its quarterly results to pay out to motor finance customers following a landmark court ruling on the topic last month. The bank had previously delayed its third-quarter results thanks to the high court ruling, which it said had left it unable to calculate the potential cost of the [...]
Santander UK profit slides as analysts forecast £1.8bn motor finance hit Banking Santander has revealed a sharp fall in its UK profit during the third quarter, while delaying the publication of more detailed figures as it digests a landmark motor finance court ruling in London.
Santander UK delays results following motor finance court case Banking Santander UK has delayed the publication of a detailed set of results covering the third quarter as it waits to assess the impact of a landmark court ruling on motor finance commissions. Full results for the Spanish bank’s UK arm were meant to be published this morning, but the lender said on Monday that it [...]
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