31. July 2010.

Santander shouldn't rush into Abbey IPO

The mooted flotation of Santander's UK business looks like an imperfect solution to a non-urgent capital problem.

2010. February 9. 0:16

Santander to create 600 new UK jobs [Telegraph.co.uk] Jul. 29. 18:42 Santander has announced plans to create 600 new jobs in the UK after profits rose during the first half of the year. Santander considers£3bn UK listing, report [Telegraph.co.uk] Jul. 22. Santander is thought to be considering a flotation of its UK banking operations in London in move that could raise up to£3bn. Santander to pay€555m for SEB's German business [Telegraph.co.uk] Jul. 12. Santander has snapped up Swedish bank SEB's German business as it continues its push to expand across Europe. Santander homes in on Latin America [FT.com] Jul. 11. The eurozone's largest bank by assets, is on the lookout for acquisitions across Latin America as the region's banking system becomes 'the best in the world', according to the head of its Latin Americ... Santander sole bidder for the UK branches EU told RBS to sell [Telegraph.co.uk] Jun. 18. Santander, the Spanish bank, has emerged as the sole bidder for the 318 branches being sold by Royal Bank of Scotland. Santander trims offer for RBS branches [FT.com] Jun. 11. The Spanish bank cuts its offer for Royal Bank of Scotland's retail branch network after a close examination of the quality of the government-backed bank's loan portfolio Santander spends£1.7bn in Mexico [Telegraph.co.uk] Jun. 9. Santander, the owner of UK lender Abbey, has spent£1.7bn buying the 25pc of its Mexican banking business that it did not already own from Bank of America. Santander emerge as favourite to buy RBS small business arm [Telegraph.co.uk] Jun. 4. National Australia Bank has pulled out of the running for Royal Bank of Scotland's small business operation, clearing the way for Spain's Santander to acquire the business. Santander suspicious of Bernard Madoff in 2006 [Telegraph.co.uk] May 19. Spanish banking giant Santander was suspicious of Bernard Madoff's activities as far back as 2006, internal documents show. Santander savers face reduced protection from FSCS [Telegraph.co.uk] May 17. Savers who have large balances in accounts with Santander and Alliance& Leicester are to have less protection from the state safety net. Santander drives on to next set of challenges [FT.com] May 6. The Spanish bank, which has won over UK sceptics since it acquired Abbey National at the end of 2004, now wants to make a bigger mark in corporate banking Santander boosts market share [FT.com] Apr. 30. The Spanish bank capitalises on the woes afflicting UK rivals by taking a greater share of the lending and savings markets in the first three months of the year