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Santander Considers £3Bn Uk Listing, Report

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7903782/Santander-considers-3bn-UK-listing-report.html

The Spanish bank, which snapped up Bradford & Bingley and Alliance & Leicester in the wake of the financial crisis, is reported to be planning to float around 20pc of Santander UK before the end of the year, according to the Financial Times reported, citing people close to Santander.

Listing part of the division, which also includes Abbey, the high street lender, would raise cash that could then be used to fund more acquisitions.

The ambitious bank is close to buying a portfolio of 318 UK branches from Royal Bank of Scotland (RBS).

The deal, which is still be negotiated is likely to cost Santander around £1.5bn to £1.8bn.

Analysts have questioned whether the bank can fund the transaction in the current regulatory environment. European authorities are concerned about capital levels in banks across the eurozone, particularly in Spain.

Santander is waiting to see if market conditions improve enough to support the listing, the newspaper said.

Genius the too big to fail memo appears to have been lost.

Would a UK listing ensure that the UK taxpayer would have to help out Santander rather than just the Spanish govt?

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7903782/Santander-considers-3bn-UK-listing-report.html

Genius the too big to fail memo appears to have been lost.

Would a UK listing ensure that the UK taxpayer would have to help out Santander rather than just the Spanish govt?

this is all part of their cunning plan

ensuring that they are too big to fail

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  • 144 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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