Major bank sponsor follows Carlos Sainz from Ferrari to Williams Sport Business Spanish banking group Santander has switched its Formula 1 team sponsorship from Ferrari to Williams after driver Carlos Sainz Jr made the same move. Williams said the partnership was a “multi-year” agreement, believed to be in line with Sainz’s contract at the Oxfordshire-based team, which runs until 2026 with the option of an extension. Santander’s [...]
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 October 29, 2024 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 [...]
Santander launches £1.3bn share buyback under new payout scheme August 27, 2024 Santander has launched a share buyback for up to €1.5bn (£1.3bn) as the banking giant fulfills its promises to boost investor payouts.
Regulator calls out Barclays and Santander for breaching retail banking order August 22, 2024 Britain's competition watchdog has rebuked Barclays and Santander UK for breaching parts of its retail banking order.
Santander data breach: 30m account and credit card details up for sale on dark web May 31, 2024 More details have emerged about the Santander data breach reported in early May.
Santander hit by data breach affecting customers and staff May 14, 2024 Spanish bank Santander has said data managed by an external party was recently accessed without permission, affecting some of its clients and all of its current staff.
Santander UK profit slides amid mortgage price war and rate cut expectations April 30, 2024 Santander UK has reported a 29 per cent slump in profit as the boost from higher interest rates fades and a fiercely competitive mortgage market forces it to offer better deals to customers.
Red Engine: Flight Club Darts and Electric Shuffle owner secures £60m boost April 9, 2024 Red Engine, the company behind Flight Club Darts and Electric Shuffle, has agreed a £60m funding boost to help it expand further across the globe.