Santander’s 14 million customers ‘on alert’ amid exit threat

26 comments

1. It’s not real until it has a silly portmanteau name.

   Santandexit?

2. Goodbye Santander. It’s about time you fucked off. You were shit.

3. Take HSBC with you. We don’t need those c*nts here!

4. Oh no the regulations that somewhat prevented them from risking normal peoples savings on effectively corporate gambling.

5. This bank would seriously give me trouble like no other bank. They could not believe that is my money and that was me. Wasted hours asking the same repetitive questions. I though they make mockery of their customers

6. Hopefully they pay everyone their switching bonus before they exit

7. I suspect Santander are trying to posture and get the government to offer them some concessions. I hope the government stands up to the banks for once and does something to protect its customers instead.

8. I used to bank with RBS until I was told my branch was being moved over to Santander and moved myself to Natwest.

9. They are doing this because they are about to get fined yet again for AML breach.

10. Well, if it means they can clear off my mortgage I suppose I could live with that.

11. Errr my mortgage is with Santander. What happens then?

12. They literally sent mass emails this week offering £150 if you switch to them. This is posturing.

13. Oh no because there’s a real shortage of banks to choose from. Isn’t this market forces at play, one player leaves and another fills the gap

14. Apparently they’re on the hook for an obscene amount of money in compensation as a result of making discretionary commission payments to car dealerships.

    Just waiting for the FCA to publish their review to the practice sometime in the spring.

15. Great, can we have Abbey National, Bradford & Bingley, & Alliance & Leicester back now please?

16. I don’t think this will happen.

    Something similar happened in NZ, Australian parent company publicly mulled over selling its New Zealand subsidiary.

    6 months later decided it was too much effort for to little reward.

17. So what would this mean for my mortgage, with the fixed term ending next year?

18. Rebrand it Abbey make all the brexiters happy, summit about repelling the Spanish again.

19. Santander UK made nearly £1bn in profit during a bad year.

    Banco Santander won’t leave that sitting on the table, they will likely sell the UK arm if they could drive enough value.

    In summary, the bank isn’t going anywhere. It might be rebranded something else in a few years under a different owner if Banco Santander choose to exit the UK.

20. I’m pretty sure its less alert and more relieved, at least for a good chunk of em

21. Internal communications reassured us that work for them it isn’t happening, so there’s that I guess.

22. “The bank’s reported hesitation to continue its operations in Britain has been attributed to stringent financial regulations, which were introduced to avert another banking crisis.”

    “The bank’s dissatisfaction is said to be due to the robust regulations put in place following the 2008 financial meltdown, which was precipitated by irresponsible lending practices”

    Of course this would be the thing they’re having a hissy fit over.

23. What? I’m still seeing their promotion of them saving accounts just today???

24. Santander name in the UK might go, then Abbey National name reappears??

25. Probably wishful thinking but I wonder if I could run up my overdraft and then have it written off, like all those credit card customers did in the US when the card company folded.

26. What happens if you have car finance through them and they exit the market?

Comments are closed.