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Santander UK plc (UK: / ˌ s æ n t ən ˈ d ɛər,-t æ n-/, US: / ˌ s ɑː n t ɑː n ˈ d ɛər /) [3] is a British bank, wholly owned by Banco Santander, a Spanish bank.Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.
The retail and commercial banking markets are dominated by HSBC, Barclays, Lloyds Banking Group and NatWest Group in addition to Spanish-owned Santander UK which some people [who?] argue should be apart of the "Big 4" making it the big 5, however its Spanish origins hinder its credibility as a British bank despite its ability to act ...
The bank’s new rewards platform, Santander Boosts, is available to all its current account and credit card holders aged 18 and over. The scheme offers customers cashback, vouchers, discounts ...
Cahoot operates as a division of Santander UK, and shares Santander's banking licence and headquarters. Its business model involves a small operational staff, with IT services outsourced in 2003 to IBM using their "Software on Demand" model. [6] As of 2023, the only products available to new customers are savings accounts. [7]
Cater Allen Private Bank is a private bank operating in the United Kingdom and is a subsidiary of Santander UK. Tracing its history back to a bank founded in Blackburn in 1816, [ 1 ] [ 2 ] it was independent for 180 years, before being purchased in 1997 by Abbey National . [ 3 ]
Banco Santander S.A. trading as Santander Group (UK: / ˌ s æ n t ən ˈ d ɛər,-t æ n-/ SAN-tən-DAIR, -tan-, US: / ˌ s ɑː n t ɑː n ˈ d ɛər / SAHN-tahn-DAIR, [2] [3] Spanish: [ˈbaŋko santanˈdeɾ]), is a Spanish multinational financial services company based in Santander, with operative offices in Madrid.
In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish Santander Group, with a rebrand following in February 2005. In January 2010, the savings business of Bradford & Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc. [1]
On 11 January 2010, the combined business of Abbey and the Bradford & Bingley branch network was renamed Santander UK, and all branches were rebranded at a cost of £12 million. [22] Alliance & Leicester was rebranded at the end of November 2010. [23] On 25 January 2010, the European Commission approved the state aid given to the bank. [24]