1929crash Posted May 27, 2009 Share Posted May 27, 2009 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= Quote Link to comment Share on other sites More sharing options...
whiterabbit Posted May 27, 2009 Share Posted May 27, 2009 (edited) How safe are they, it worries me that they are controlling too much. They must be planning to "streamline" operations in the UK. Edited May 27, 2009 by whiterabbit Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 27, 2009 Share Posted May 27, 2009 Discussed here Quote Link to comment Share on other sites More sharing options...
Sybil13 Posted May 27, 2009 Share Posted May 27, 2009 http://www.ananova.com/news/story/sm_3338456.html?menu= I thought ALL British Banks had been renamed "NATIONALISED" , was I wrong? Quote Link to comment Share on other sites More sharing options...
Sybil13 Posted May 27, 2009 Share Posted May 27, 2009 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? Quote Link to comment Share on other sites More sharing options...
gotoutintime Posted May 27, 2009 Share Posted May 27, 2009 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? Quote Link to comment Share on other sites More sharing options...
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