Santander!!!!!!

gadgetmind

srcandas wrote: »

Fred I'd love to bank with the Co-op but there is no branch for miles.

I have no memory of when I last visited my bank in person. In fact, the last time I met my bank manager, he came to see me!

sabretoothtigger

Co-op may buy Lloyds branches but they are not the only bidder. Its taking so long because the prices bid at the moment are below their actual worth.
A seperate idea was to float off the bank as a new public company. RBS has a similar problem but I think Santander has once again been buying

A bank run would depend more on their commercial lenders but maybe they really do get alot of money from savers and it could be self forfilling. I do think again this run would have to be globally coordinated, the main bank can inject funds to UK if they want

The SANB shares are old Abbey shares? UK has never split, Brazil is in theory seperate but still majority owned

Continental Europe
Continental Europe area covers the banking activities of the different networks and specialized units in Europe, principally with individual clients and small and medium-sized enterprises (SMEs), as well as private and public institutions. As of December 31, 2010, there were four main units within this area: the Santander Branch Network, Banesto, Santander Consumer Finance and Portugal including retail banking, global wholesale banking and asset management and insurance. During 2010, it accounted for 39.3% of total customer funds under management, 44.9% of total loans and credits and 35.0% of profit attributed to the Parent bank of the Company’s main business areas. Its retail banking activity in Spain is carried out mainly through the branch network of Santander, with support from an increasing number of automated cash dispensers, savings books updaters, telephone banking services, electronic and Internet banking. As of December 31, 2010, the Company had 2,931 branches. As of December 31, 2010, Banesto had 1,762 branches.
The Company’s consumer financing activities are conducted through its subsidiary Santander Consumer Finance and its group of companies. Most of the activity of Santander Consumer Finance relates to auto financing, personal loans, credit cards, insurance and customer deposits. These consumer financing activities are mainly focused on Germany, Spain, Italy, Norway, Poland, Finland, Sweden, the United States and the United Kingdom. The Company also conducts business in Portugal, Austria and the Netherlands, among others. As of December 31, 2010, the unit had 519 branches. Its main Portuguese retail and investment banking operations are conducted by Banco Santander Totta, S.A. (Santander Totta). As of December 31, 2010, Portugal operated 759 branches.
United Kingdom
The Company’s United Kingdom businesses include Abbey, the deposits and branches of Bradford & Bingley and Alliance & Leicester. Santander UK is a financial services provider in the United Kingdom. It also provides residential mortgage. Santander UK also provides a range of retail savings accounts, and operates across the full range of personal financial services. As of December 31, 2010, the Company had 1,416 branches.
Latin America
The Company’s Latin American banking business is principally conducted by the banking subsidiaries, such as Banco Santander (Brasil), S.A., Banco Santander Chile, Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero Santander, Banco Santander Rio, S.A. (Argentina), Banco Santander, S.A. (Uruguay), Banco Santander Colombia, S.A., Banco Santander Puerto Rico and Banco Santander Peru, S.A. The Company engages in a full range of retail banking activities in Latin America. As of December 31, 2009, it had 5,882 offices. The Company is focused on credit risk management, selective growth in lending, preserving adequate levels of liquidity, strengthening transactional businesses and, in particular, containing costs.
Sovereign
Sovereign’s operations are conducted solely in the United States. At December 31, 2010, Sovereign had 721 branches, 2,337 automated teller machines (ATMs).

http://www.google.co.uk/finance?q=santander&restype=company&noIL=1&num=30

Glen_Clark

srcandas wrote: »

Seriously if the Scots want independence I wish them all the best

So do I . I also wish the Scots to take back Gordon Brown, Tony Blair, Alisdair Darling, Fred Goodwin, and revoke their passports.
PS: Also buy back their Royal Bank of Scotland, and their Bank of Scotland, from the British Taxpayer, at the price the taxpayer paid.

gadgetmind

sabretoothtigger wrote: »

The SANB shares are old Abbey shares?

Yup, some old Abbey National 8.625% non cummulative prefs. I don't hold any but might start sniffing around next week.

I even bought some LLOY today, and I'm not big on bank ords right now!

gadgetmind

Glen_Clark wrote: »

Also buy back their Royal Bank of Scotland, and their Bank of Scotland, from the British Taxpayer, at the price the taxpayer paid.

I'm sure the Scottish people could afford to do that if we gave back all the money we got from flogging their oil. :eek:

luvpump

onfire2125 wrote: »

If and a big IF Spain leaves or is forced to leave the euro and then devalues. Would that effect my money in Santander UK????

if i were you, i would do one thing with your savings in Santander ..... GET THEM OUT NOW !! Befor its to late ! :eek:

gadgetmind

luvpump wrote: »

Befor its to late !

Congratulations on getting the spelling/punctuation correct on one out of the four words in that sentence; it makes it easy for me to assign a value to the sentiment behind them.

nilrem_2

Reaper wrote: »

In practice I don't believe the government will ever let savers in UK banks lose out if they have kept within the FSCS limits because keeping faith in the banking system is essential or all is lost. Investors accept risk, savers do not.

Agree absolutely with this. No matter what the government says they have no option, the consequences of any savers being allowed to lose money in a UK bank would mean massive queues at every other bank with savers withdrawing their cash which in the end would become worthless pieces of paper as meltdown ensued.

cos_2

I just hope that the FSA keep all that levy money safely tucked away in .. the . . . um . . . . . bank

pqrdef

sabretoothtigger wrote: »

The gov do not pay, the banks do.

Political fiction. If a bank were to default, the Treasury would lend the FSCS the money to pay the compensation. The FSCS would then become a major and senior creditor of the failed bank, in lieu of the depositors. It would expect to get all or most of its money back from the assets of the failed bank, assuming the failed bank still has real assets as well as whatever junk it's holding.

If nobody wants to buy the assets, the Treasury would buy them and add them to its existing collection of bad bank assets. Then the FSCS recovers its money from the Receiver and pays off its loan from the Treasury.

The exposure of the banks is limited to making up a shortfall. The Treasury will have done most of the spending through a back-door bad-bank nationalisation.

If banks had to be 100% responsible for keeping depositors' money safe, they'd be better off not bothering to take deposits at all, unless they were to charge for the service.

Banking is just one more thing the private sector can't do without State support. When there was no State support, banks failed and depositors lost money.