Banco Santander SA

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Santander-Group.svg

Santander is a Spanish multinational commercial bank and financial services company, with a network of 13,217[1] branches throughout Latin America (51.5%) Europe (25.3%), Spain (9.1%), and the USA (14.1%).

Santander's business is organised into 3 sectors:

  • Commercial banking: retail banking and specialised financial services such as consumer loans, mortgages, etc.;
  • Investment, financial and market banking: classic and specialised financing for acquisitions, projects, financial engineering and consulting on mergers and acquisitions, stock transactions, intervention in the stock, rate and exchange markets, etc.;
  • Asset management and private banking;
  • Insurances: the group also develops bank insurance activities through Santander Seguros and Banesto Seguros.

BankTrack-Fossil-Bank.svg Financing Fossil Fuels:[1]
 Tar Sands: $30m   Arctic Oil: $156m   Offshore: $2.74bn   Fracking: $194m   LNG Export: $963m   Coal Mining: $157m   Coal Power: $101m 

Company

Shareholders

Total float: 98.5%
Source: MarketScreener.svg, Mar.2020

Structure

ToDo:

Timeline

Nov.2010Alliance & Leicester was rebranded as Santander.ref
Jan.2010Abbey and Bradford & Bingley were combined and renamed as Santander UK plc.ref,ref
Oct.2008 Alliance and Leicester was acquired.
Sept.2008
Bradford-Bingley.svg
Bradford & Bingley's savings business and branch network was acquired.ref
Jul.2008
Alliance-Leicester.svg
Alliance & Leicester was acquired.ref
Nov.2004
Abbey-National.svg
§ Abbey National plc was acquired.ref
Jun.2000
Cahoot.svg
Cahoot was launched as Abbey National plc's internet-based banking brand.[?ref?]
1997
Cater-Allen.png
Cater Allen, a private bank, was acquired by Abbey National.ref,ref Cater Allen Offshore was initially run as a separate enterprise within Abbey, but was merged with Abbey National Offshore in 2001.ref
ToDo: National Girobank: link, link, link, link

Girobank plc

  • 2003: Girobank was merged with Alliance & Leicester's business banking unit, to form "Alliance & Leicester Commercial Bank; the Girobank name, unused since being phased out in 2003 with the exception of dole cheques, completely disappeared.[2]
  • Jul.1990: Girobank plc was purchased from the govt.
  • 1988: Girobank plc became independent from British Telecommunications plc, which had been privatised in Apr.1984.
  • Oct.1968: National Giro was established.
ToDo: Short bio of Girobank here at the NAO, or archived; Hansard; Girobank Act. WP; LightStraw; info; info; Girobank.co.ukArchive-org-sm.svg; Alliance-Leicester.co.ukArchive-org-sm.svg; Alliance-Leicester-Group.co.ukArchive-org-sm.svg + see National-Girobank-ink.svg

Abbey National plc

  • Jan.2010: the savings business of Bradford & Bingley was hived up, and Abbey National plc was renamed Santander UK plc.[3]
  • Feb.2005: Rebrand.
  • Nov.2004: Banco Santander took it over (100%).
  • Sept.2003: Rebranded as "Abbey".
  • Jun.2000: Cahoot, an online bank, was launched.
  • Aug.1996: National & Provincial Building Society was acquired, increasing Abbey National's branch network by ~200 sites, and bringing ~3m new customers.[4]
  • 1990s: Acquisitions included James Hay, Scottish Mutual, Scottish Provident and Porterbrook, the rail leasing company.
  • Jul.1989: Demutualised: Abbey National was the first building society to de mutualise in the UK.
  • 1944: Abbey National Building Society was formed by the merger of the Abbey Road and the National building societies.
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National & Provincial Building Society

  • Aug.1996: Abbey National took over the National & Provincial Building Society.
  • early.1989: N&P Life Assurance Ltd: a joint venture with General Accident plc was launched, to transact long-term life assurance. In Jul.1995, the transfer of the business to the Abbey National plc was announced.[3]
  • 1982: Provincial Building Society was formed by a merger between the Provincial Building Society and the Burnley Building Society. In <?date?>, National & Provincial bought out GA's interest.
ToDo:
Burnley Building Society
ToDo: WP:Burnley Building Society, National Archives, Burnley BS

Articles

  • Jan.16.2019: Santander recruitment farce puts greed and hubris centre stage. As a demonstration of how little has changed at the big banks since the crisis a decade ago, the Orcel parable is hard to beat. The sums remain enormous and the cult of the superstar banker remains entrenched. The only difference is that boards are sometimes dimly aware that the outside world is repulsed. Nils Pratley, The Guardian.
  • May.21.2018: Bank won’t pony up for misplaced payment. (1) Initially, Santander resisted pressure to compensate your club for its loss. When I told Santander that the club seemed unlikely to receive the £112, it decided to give you a refund itself — and to add 8% in interest for the past five months. (2) On April 7, I paid off nearly £7,000 on my Sainsbury’s bank credit card via the bank’s call centre. It recorded the call and gave me an authorisation number for the transaction. It then lost the money. Sainsbury’s acknowledges receiving the payment but has not credited the cash to my account and says it cannot find the money. Three weeks on, it has nothing to suggest, apart from that I contact the Financial Conduct Authority and make a complaint. I asked Sainsbury’s bank to speed up its efforts to find out what happened to your money. Although it still has not found the cash, within two days it had credited £6,971 to your account. Jill Insley, The Times.

References

  1. ^ Banking on Climate Change: Fossil Fuel Finance Report 2020. The new Report shows financial support for the Fossil Fuel Industry has increased every year since the Paris Agreement was adopted in Dec.2015. Again, the big USA banks dominate; again, JPMorgan Chase leads the pack, with Wells Fargo, Citigroup, and Bank of America close on their heels. These 4 banks alone are responsible for 30% of all fossil fuel financing out of the 35 major global banks since the Paris Agreement was adopted. Rainforest Action Network, Mar.20.2019.
  2. ^ Girobank disappars in A&L makeover. Andrew Cave, The Telegraph, Jul.07.2003. Original archived on Jan.25.2011.
  3. ^ N&P Life Assurance Ltd: Annual Report, Dec.31.1995 Companies House, Dec.31.1995.