THE chairman of the Spanish bank bidding to buy Abbey National for...
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THE chairman of the Spanish bank bidding to buy Abbey National for 8.5 billion is to face trial on allegations he helped clients evade taxes in the 1980s.
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LONDON (Dow Jones)--Banco Santander Central Hispano SA (STD), the Spanish bank planning to buy UK lender Abbey National PLC (ANBA), Monday attacked its potential domestic
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Santander Central Hispano has won permission from the European Commission to press ahead with its agreed 8.7 billion pound takeover of Abbey National.
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THE Halifax Bank of Scotland group, HBOS, has known since May that Spain&#39;s Banco Santander Central Hispano wished to buy Abbey National.
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The hopes of Spain's largest bank to secure Abbey National have been given a boost after the City watchdog said it saw no reason to block the deal.
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LONDON Santander Central Hispano of Spain looked certain to clinch its bid for the British mortgage lender Abbey National, after HBOS, Britain&#39;s biggest home-loan company, said Wednesday it would not counterbid, and after the European Commission cleared
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The new owners of Abbey National, Banco Santander Central Hispano, yesterday appointed their own man to head up their Â£9.1bn acquisition and pledged not to close any of Abbey&#39;s 740 branches.
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Spain&#39;s Santander Central Hispano has unwound almost half its 5.5 percent stake in Royal Bank of Scotland as it seeks regulatory approval for its bid for Abbey National.
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Abbey National faces a high court challenge to its Â£9bn takeover by Banco Santander Central Hispano because of concerns about criminal charges faced by executives of the Spanish bank.
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The European Commission first expects to make a decision next week on competition issues raised by the bid from Spain&#39;s Santander Central Hispano for Abbey National, a spokeswoman says.
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Emilio Botin, chairman of Santander, the Spanish bank bidding Â£8.9billion for Abbey National, is to face trial for allegedly helping Santander&#39;s clients evade tax during the 1980s.
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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 bidding to buy Abbey National insisted today that a rival offer from UK group HBOS would not necessarily derail its interest.
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Santander Central Hispano SA, the biggest bank in Spain and Latin America, may drop its 8.2 billion ($14.9 billion) offer to buy Abbey National Plc if rival bids lead to a long competition
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LONDON  - Shares in Abbey National PLC, Britain's sixth-biggest bank and second-biggest mortgage lender, traded for the last time Friday ahead of the completion of its &#36;15.6 billion US acquisition by Santander Central Hispano SA, Spain's biggest bank.
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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.
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Shareholders in Santander Central Hispano on Thursday approved the euro13 billion (US$16.4 billion) takeover of Abbey National of Britain.