The biggest banks in the United Kingdom are no longer “too big to fail,” and could continue offering services even when facing a crisis, the Bank of England (BoE) said in a June 10 press release. The UK central bank works with financial institutions to minimize disruptions to the economy should the banks fail: a process…
UK Bank Santander Accidentally Deposits $175 Million to More Than 70,000 Accounts Over Christmas
UK bank Santander granted tens of thousands of people across the United Kingdom a very merry Christmas this year when they accidentally deposited £130 million ($175 million) into 75,000 accounts on Dec. 25. The bank, which is headquartered in London, mistakenly sent payments from 2,000 business accounts twice to the more than 70,000 account holders and companies who…
Santander to Pay Shareholder Remuneration of 1.7 Billion Euros
MADRID—Spain’s Santander said on Tuesday its board had decided to make an interim distribution from 2021 earnings through a cash dividend and share buyback worth 1.7 billion euros ($2 billion), equivalent to 40 percent of its first-half underlying profit, The announcement comes after the ECB said in July it would lift restrictions on bank dividend…
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