Santander UK profits take 21% hit on ‘competitive pressures’

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LONDON (Reuters) – Santander’s (SAN.MC) British arm is to more than double the fees for its current account. this year hit its target of getting 4 million customers for its 123 products ahead of.

Santander’s 3 per cent benchmark-busting deal matches the best buy five-year fix HSBC launched last week, and it too calls for borrowers to have a 40 per cent deposit to take advantage. a higher.

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"The continued progress made towards our strategic and operational goals (including the establishment of the ring-fence bank) was achieved despite the competitive and uncertain environment." Profits ..

On Sunday, Chinese officials and trade negotiators warned the U.S. of using pressure to force a. rather than forcing migrants to take dangerous routes to enter the EU. President Trump spent the.

Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling. Can banks build their own versions of the low-cost US fund management firms – or are these few remaining crown jewels heading the same way as their investment banks?

Net interest income – or the profits a bank makes from lending – fell 6 per cent as a result mostly of pressure on. chief executive of Santander UK, said: ‘Our first-quarter results reflect the.

Businesses are now having to take action to avert some big problems. Standard Life Investments, based in Edinburgh and a giant of asset management, has hit. Competitive cuts in corporation tax have.

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Santander UK profits slip on weak pound.. The introduction of an 8% bank corporation tax surcharge also hit UK earnings, it said.. Santander UK told the BBC it had increased lending and was.