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Santander to cut 1900 UK jobs

Spanish banking giant Banco Santander is cutting 1,900 jobs across all three of its UK brands.

It is reported that the jobs will be shed across Abbey, Alliance & Leicester and Bradford & Bingley next year.

The job losses are said to amount to 8% of Santander’s British workforce.

Antonio Horta-Osario, chief executive of the combined UK business, says: “Today’s announcement shows we are on track to fulfil the commitment we made at the time of the A&L acquisition to grow our UK business whilst ensuring we meet our cost-saving targets.”


Deferment plan could lead to a bonkers situation

The Royal Bank of Scotland’s announcement that it is delaying repossession orders by six months is akin to putting a plaster on a wound and ignoring the source of infection.

Irish minister warned: Beware of bank sharks

The recapitalisation of Irish banks is proving a tricky issue for finance minister Brian Lenihan, whose government has already underwritten their balance sheets at a potential cost to the taxpayer of €450bn.No one disputes that another €12bn-plus is needed to get the banks lending again, the question is, who should provide it? The state, already […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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