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Santander To Rename Historic British Banks

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Spanish bank Santander has said it will rename Abbey, Alliance & Leicester and Bradford & Bingley in a move marking the end of three historic banking brands on Britain's high street.

Santander said it will rebrand all three banks under its global moniker by the end of 2010 - axing British banking names which date back as far as 1851.

Abbey and the B&B's savings business, snapped up by Santander in 2004 and 2008 respectively, will be the first to go, between January and March next year.

A&L will follow later in 2010, according to Santander.

But it will begin introducing the Santander brand this year, by changing over Abbey credit cards under the group name, as well as the commercial and corporate banking arms of Abbey and A&L, which include 20 regional banking centres.

http://www.ananova.com/news/story/sm_3338456.html?menu=

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How safe are they, it worries me that they are controlling too much.

They must be planning to "streamline" operations in the UK.

Edited by whiterabbit

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How safe are they, it worries me that they are controlling too much.

They must be planning to "streamline" operations in the UK.

Moodys downgraded Abbey and A&L the latter to E from C ! I am moving money from A&L . Abbey has taken a huge % of the mortgage market this year but not sure that is such a good thing to be honest. Not sure how it works when lenders such as Abbeyand A&L are downgraded, is it a reflection on Santander?

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Moodys downgraded Abbey and A&L the latter to E from C ! I am moving money from A&L . Abbey has taken a huge % of the mortgage market this year but not sure that is such a good thing to be honest. Not sure how it works when lenders such as Abbeyand A&L are downgraded, is it a reflection on Santander?

When you consider that the Spanish property market has dropped further than ours, then Santander can't be sitting pretty anyway as it means that their assets are losing value rapidly. It would be interesting to compare Annual reports for Santander for the 2 years.

Didn't A & L also have a lot of "sub-prime" loans on it's books?

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