Abbey in bank holiday meltdown
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Taking 'bank holiday' too literally Abbey's business banking systems have taken an extra long weekend and been completely unavailable since yesterday, leaving customers unable to fulfil critical payments ahead of the spring bank holiday.â¦
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HE crisis at British Airways deepened after the airline cancelled 14 flights yesterday and warned it was ready to axe more over the Bank Holiday weekend.
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Banco Santander is making an attempt to seize back the initiative in its Â£8.3bn takeover of Abbey National, speeding up its bid timetable while rival bidders continue to circle the UK bank.
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The Gatecrasher nightclub in Sheffield is reported to be collapsing as a massive fire takes hold.
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The chairman of Abbey National, Lord Burns, almost lost control of his group&#39;s shareholders yesterday during a heated meeting that eventually approved the bank&#39;s Â£8.
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Business & money: Banks and building societies start withdrawing products in response to Thursday's bank rate rise.
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A Spanish bank seeking to buy Britain&#39;s Abbey National says it will dismiss about 3,000 workers to achieve costs savings, if the buyout is approved.
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Bank of England makes surprise money markets cash injection in bid to bring interest rates down.
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SCOTS workers with the Abbey bank have been warned of a major jobs purge if it is taken over by a Spanish rival. Santander Central Hispano has announced it will axe 3000 jobs if its proposed 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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Abbey National admitted today that progress in recent months had been disrupted as a result of its planned takeover by Spain&#39;s largest bank.
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Business & money: Â· Data shows Britain in line for prolonged slowdownÂ· Balance of payments runs to shortfall of Â£20bn
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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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Business & money: Bank of England governor blames risky behaviour by banks for current financial turmoil.
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Credit markets took another hit as the Bank of England bailed out Britain's biggest casualty so far in the global credit crunch while policymakers differed over the best way to restore liquidity to money markets.
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People who are going on holiday over the Bank Holiday weekend are being warned about potential delays to their journeys.
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Millions of customers across the UK were left without cash on Saturday after their bank&#39;s ATM machines stopped dispensing money.