Abbey staff loss will be &quot;under 4,500&quot;
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Santander Central Hispano is expected to announce that headcount at Abbey National will not drop by more than 4,500 in the three years after its takeover, a source familiar with the situation says.
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LONDON (CBS.MW) -- UK bank Abbey National (UK:ANL) said uncertainty and distraction caused by its takeover process by Spanish bank Banco Santander (STD) affected its third quarter results, but a &quot;speedy conclusion to the transaction has avoided a marked
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Santander Central Hispano SA, Spain&#39;s largest bank, said Francisco Gomez-Roldan will replace Luqman Arnold as chief executive officer of Abbey National Plc, the UK mortgage lender it&#39;s buying for 9.1 billion pounds ($16.
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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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BBC director-general Mark Thompson sought to reassure staff today over the scale of future job losses. Thousands more jobs are expected to go in addition to the 2,900 announced yesterday.
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Lower end of loss estimates upped to $4B; losses could reach $10B to make it 2nd most costly. By Chris Isidore, CNN/Money senior writer.
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Emilio Botin, head of Banco Santander Central Hispano, is today expected to tell union officials that the Spanish bank&#39;s Â£8bn takeover of Abbey National might cause up to 4,500 job losses over three years.
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High St bank Abbey is struggling to cope with the amount of people attempting to transfer money into its postal ISA.
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Trader blamed for â¬4.9bn loss at SociÃ©tÃ© GÃ©nÃ©rale being questioned, reports say
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Â· Rose also promised Â£4.5m in shares if targets are met  Â· Shopworkers in line for payouts of Â£500 each
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UK bank HBOS has decided not to make a bid for Abbey, the bank has said. Many observers had expected HBOS to make a play for Abbey, which had agreed to a Â£8.
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LONDON, August 23 (New Ratings) - Abbey National (AYN.ETR) is likely to witness a maximum of 4,500 job losses over the next three years, following its proposed Â£8 billion takeover by Banco Santander Central Hispano (BSCH).
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MCI has reported a $3.4bn (Â£1.8bn) third-quarter loss due mainly to a write-off of the value of its assets. The company&#39;s efforts to recover from its bankruptcy are being hampered by stiff competition in
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Money marooned Abbey, the banking group, has been having problems with its website, which has left customers unable to administer their accounts for more than 24 hours.â¦
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Business & money: Â· Weather-related delays rose by 500,000 minutesÂ· Regulator may impose fine over signalling upgrade
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The chairman of Santander Central Hispano, the Spanish bank which is bidding for Abbey National, will tell unions today that a successful acquisition by his company will result in less than
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Banco Santander will today tell Abbey National&#39;s union that about 2,500 jobs will go if the Spanish bank is successful in its takeover bid.