Banco Santander has announced it is to cut 1,900 jobs across its UK businesses, Abbey, Alliance & Leicester and Bradford & Bingley, next year.
Banco Santander has snubbed 1.8 million small shareholders in Britain, excluding them from taking part in its €7.2 billion (£6 billion) capital-raising, The Times says.
Santander, Britain's second largest retail bank, has this morning announced a surprise €7.2bn rights issue.
US hedge fund manager Philip Falcone has built up a €208m short position in Britain's second largest retail bank Santander.
The Government this morning nationalised the UK's eighth-largest bank Bradford & Bingley, with Santander taking on the beleaguered lender's savings business.
The FSA is believed to be talking to a number of foreign financial heavyweights about a take-over of troubled bank Bradford & Bingley, according to The Sunday Telegraph.
Santander could provide a further £1bn of its own capital to help shore up Alliance & Leicester's balance sheet, in addition to the £1.25bn of shares it is providing, according to Morningstar.
The Association of Mortgage Intermediaries (AMI) says it hopes advisers and brokers will continue to be at the heart of Abbey's business plans after its owner Santander announced plans to merge the company with Alliance & Leicester (A&L).
The expected smooth presidential transition next week will boost Russian markets in the near-term, Santander says.
Santander Asset Management UK has launched its new Multi-Manager Emerging Markets fund.