Santander UK
| Use attributes for filter ! | |
| Ceo | Nathan Bostock |
|---|---|
| Revenue | 4. 573 billion GBP (2015) |
| Number of employees | 19,992 (2015) |
| Parent organizations | Santander Group |
| Subsidiaries | Cater Allen |
| Santander Consumer (UK) plc | |
| Headquarters | London |
| United Kingdom | |
| England | |
| United Kingdom | |
| United Kingdom | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 857164 |
About Santander UK
Santander UK plc is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.
UK banks can withstand fresh crisis, key test finds
... The banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander Uk, Standard Chartered, Nationwide Building Society and Virgin Money...
António Horta-Osório: The banker who can't stay out of the headlines
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Bank of England: Who will be the next governor?
... Shriti Vadera Shriti Vadera is the chairman of Santander Uk Lady Vadera was born in Uganda and moved to the UK as a teenager...
Bank of mum and dad 'one of UK's biggest mortgage lenders'
... Santander Uk £28...
UK banks can withstand fresh crisis, key test finds
UK banks are strong enough to withstand a fresh economic crisis, according to The Bank of England.
In its Stress Test of the financial system, The Bank said the UK's eight largest lenders could survive a Worst Case scenario of plunging house prices, a deep recession and soaring inflation.
It also said that the country has " So Far been resilient" to rapidly rising interest rates.
But some households and firms " may struggle with repayments" on loans.
The Bank has raised interest rates from 0. 1% in December 2021 to 5% in an effort to bring down inflation. But it has lifted households' costs, including higher monthly mortgage payments.
Despite customers being under more pressure, lenders are " resilient and are strong enough to support their customers"
The Report also showed the result of a " Stress Test " on UK banks and building societies to see if they could withstand catastrophic economic conditions including house prices falling by 31%, the unemployment rate increasing to 8. 5% and inflation rising to 17%.
The Banks and building societies that have been tested include: Barclays, Lloyds, HSBC, NatWest, Santander Uk , Standard Chartered , Nationwide Building Society and Virgin Money .
Related TopicsSource of news: bbc.com
