Abbey suffers huge ISA backlog
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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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LOS ANGELES (CBS.MW) - Banco Santander&#39;s controversial pursuit of UK mortgage lender Abbey National shows how difficult it can be for Spanish banks to grow outside their borders.
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An Abbey bank branch has until next Tuesday to repay a customer or have equipment seized by court bailiffs.
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Spanish bank Santander Central Hispano would drop an eight billion pound-plus offer for Abbey National if rival bids result in a drawn-out competition investigation, the Sunday Telegraph reports.
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Business & money: Overspend on Â£17bn programme to upgrade network could be more than double previous estimate.
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Details on 11 million customers went awol The Financial Services Authority (FSA) has fined The Nationwide Building Society Â£980,000 for the loss of a laptop which contained "confidential customer data" on 11 million customers.â¦
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Kensey Nash goes overboard on buybacks.
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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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Abbey is the first UK bank to raise its mortgage rates as a result of the turmoil in the financial markets.
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Business & money: Blow as Virgin Money finds it could have to wait months for authorisation to take depositors' cash
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Abbey bank cancels about 1,000 credit and debit cards after receiving a security warning over an online merchant.
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Â· Company faces insolvency without Â£400m cash boostÂ· Public-private deal was driven by Treasury
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Luqman Arnold, chief executive of Abbey National, is likely to walk away with Â£5.2m if the bank is sold to Banco Santander Central Hispano.
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The European Commission is taking all the time it needs to rule on Banco Santander Central Hispano&#39;s bid for Abbey National, competition spokeswoman Amelia Torres said Monday.
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LONDON Banco Santander Central Hispano, Spain&#39;s biggest bank, said Thursday that it was selling as much as Â£1.26 billion of shares in Royal Bank of Scotland Group, scaling back its 16-year partnership with the British bank as it seeks to buy Abbey
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SAVERS in Abbey's Instant Access Isa should switch out of the account  or they will see their interest rate drop by as much as 1.05pc. On July 1 this account 'converts' into the lowerpaying Easy Isa.
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Banco Santander would walk away from its Â£8.2bn offer for Abbey National, the mortgage bank, if a rival bid from one or more UK banks led to a lengthy investigation by the competition authorities.