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It is one of the most iconic scenes in Oscar-winning financial film The Big Short. Actress and model Margot Robbie pops up in a bubble bath with a glass of champagne to explain, in plain English, the world of subprime mortgage-backed securities, which helped trigger the financial crisis more than a decade ago. Now, in … Read more
Santander unleashes another 123 current account rate cut on the SAME DAY another one bites, costing customers hundreds of pounds in lost interest Santander today cut the interest rate on 123 accounts from 1.5% to 1% It has handed savers more bad news with a cut to 0.6% in August Savers with £20,000 in the … Read more
Santander reveals 240,000 of its customers are on mortgage and credit card holidays – with savings rates and 123 account due to be cut 206,000 mortgage borrowers had been given holidays Meanwhile 15,000 credit card and 18,600 loan borrowers had paused payments The £32.4bn of mortgages having payments paused was 19% of its lending The … Read more
A female bank worker who was sacked for not behaving ‘professionally’ while suffering a miscarriage at work has won almost £20,000 in compensation. Santander dismissed Chi Agbaje from her job at High Street branch in in Bexleyheath, London, after she became distressed at the prospect of losing her baby and collapsed. The bank accused her … Read more
Santander boss tells MoS: We have NEVER thought of UK sale Ana Botin contacted The Mail on Sunday to dispel City speculation Botin said she had ‘never considered’ offloading the UK bank It comes after a string of high-profile managers quit By Helen Cahill For Mail On Sunday Published: 22:20 GMT, 29 February 2020 | Updated: … Read more
A quarter of the UK’s high-growth companies have a female founder but just 9 per cent of the money invested into businesses in 2019 went to female-founded firms, according to a recent report. Moreover, this number has declined from 15 per cent in 2015 and 2016 – which the report, Female Entrepreneurs by data company Beauhurst, claims … Read more
Someone has fraudulently opened an account with PayPal using my name. PayPal withdrew £450 from my Santander Everyday account on October 9 last year. It refunded this, but took it back the following Friday, saying I had to reclaim the money from PayPal. It said the money would be credited within seven working days, but … Read more
Santander is slashing the benefits of its flagship current account in a move that could deprive millions of customers of as much as £100 a year. The Spanish bank, which has almost four million current account holders, will cut the rate on its 123 account from 1.5 per cent to 1 per cent in May, … Read more
Freakish fail? Santander ditches its Money Monsters digital money boxes designed to educate kids Santander’s £30 cashless piggy bank was meant for 123 Mini Account holders Monsters were meant to teach kids about banking without apps or the internet Bank claims initiative was a trial and that it kept sign ups to a small number … Read more
Santander has become the latest bank to be dragged into a multimillion-pound lawsuit over alleged tax avoidance schemes used by wealthy celebrities. The Spanish bank is to be sued over the Imagine film-financing scheme that was part-funded by Alliance & Leicester, which it acquired at the height of the financial crisis. It is claimed investors … Read more