50 replies to this topic

[Mister H]

RogerL, on 28 June 2012 - 05:52 PM, said:

Santander UK is a self-contained separate entity to Banco Santander SA - so if Spain goes the same way as Greece it won't go pearshaped here for Santander UK customers.

Unless it triggers a run on the bank, perhaps.

[gary]

The way it was put too me, by my current personal manager, bearing in mind the staff are almost as much in the dark, the business sector being bought is going to be an independent section within Santander.
Main benefit of this as far as I'm concerned is things stay as they are, as I very much like it as it is, I am then not happy to leave a bank I've been with since childhood but prepared to stay and see for a while at least.

Back on topic with Barclays and other, allegedly, fiddling with LIBOR interest rates, it has been said on the news tonight, that one or two hundred's of one percent is what they had been playing around with.
I'd guessed it was a very small percentage, I was actually thinking three decimals!, but at two I would think those 'watchdogs' watching, including LIBOR, and despite their denials, would know perfectly well thinks were not right while it was happening.

While these tiny percentages add up to very large sums when enormous sums of money involved, from a man in the street point of view, hardly have been likely to add more than a quid or two on your average loan.
Still brings banking into further disrepute, but despite 'news' trying to portray it as, of no financial loss to us then?

[Surfer]

gary, on 28 June 2012 - 09:47 PM, said:

The way it was put too me, by my current personal manager, bearing in mind the staff are almost as much in the dark, the business sector being bought is going to be an independent section within Santander.
Main benefit of this as far as I'm concerned is things stay as they are, as I very much like it as it is, I am then not happy to leave a bank I've been with since childhood but prepared to stay and see for a while at least.

Santander was not in the UK as a main bank 5 or more years ago so not sure about the childhood bit.

[Mister H]

Surfer, on 29 June 2012 - 07:50 AM, said:

Santander was not in the UK as a main bank 5 or more years ago so not sure about the childhood bit.

Suspect he was with Abbey National before they were bought out by Santander.

[Surfer]

Mister H, on 29 June 2012 - 07:56 AM, said:

Suspect he was with Abbey National before they were bought out by Santander.

Or Alliance & Leicester?  We were with A & L and had such terrible service, we dropped them after about two years just after they were taken over!

[gary]

I had earlier talked of currently being with Natwest and being sold to Santander, it was then Natwest I joined in 1967- keep up!
Albeit my first mortgage in 74 was with the Leicester, before it itself went to the Alliance