Abbey staff loss will be &quot;under 4,500&quot;
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Santander Central Hispano SAN.MC is expected to announce that headcount at Abbey National ANL.L will drop by no more than 4,500 if it succeeds with its takeover, a source familiar with the situation says.
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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 half the number of ...
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UBS AG, Europeâs largest bank by assets, reported its first quarterly loss in almost five years after $4.4 billion in losses and writedowns on fixed-income securities.
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Â· Company faces insolvency without Â£400m cash boostÂ· Public-private deal was driven by Treasury
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Media & professional: Options likely to prove unpalatable for staff, with redundancies running into four figures.
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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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Scotland coach Matt Williams admits he is &quot;extremely sad&quot; that he will be left without nine of his English-based players for the first of the Abbey Autumn Test games against Australia at Murrayfield.
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Bank of America said yesterday that it would cut another 4,500 jobs in the wake of its $47bn merger with rival bank FleetBoston. The cuts amount to 2.5% of the combined group&#39;s workforce.
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ALES are still falling at Marks &amp; Spencer, the company revealed today, sparking fresh fears for the retailerâs recovery. The group confirmed that half-year profits will be between Â£285m-295m, in line with
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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: The investment bank blames actions of single trading team for losses of $9.4bn
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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 Spanish bank poised to take over Britain&#39;s Abbey National will walk away if the Â£8.2bn (â¬12.1bn) deal is stalled by competition concerns, it was reported today.
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Bank of America said it will cut about 4,500 positions, or about 2.5 percent of its workforce, beginning this month. The layoffs will take place across the bank&#39;s geographic footprint and in all lines of business
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Deutsche Bank AG, Europe&#39;s third- biggest bank, will book a loss of less than 40 million euros ($54.1 million) from the sale of real estate assets to Eurocastle Investment Ltd.
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Directors of banking giant Abbey National today faced harsh criticism from shareholders angry at the decision to sell out to Spain&#39;s largest bank.
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UK shares including HBOS Plc advanced after the country&#39;s fourth-biggest bank dropped out of the running for Abbey National Plc.