April 19, 2014 3:52 AM ET

Banks

Company Overview of Santander UK plc

Company Overview

Santander UK plc, together with its subsidiaries, provides personal financial products and services, and corporate and commercial banking services in the United Kingdom and internationally. The company’s Retail Banking segment offers residential mortgage and personal loans, savings and current accounts, and credit cards, as well as a range of insurance policies. This segment serves personal banking customers and small businesses through a network of branches and ATMs, as well as through telephony, e-commerce, and intermediary channels. Its Corporate Banking segment provides various banking products and services, including loans, bank accounts, deposits, treasury services, invoice discounting...

2 Triton Square

Regent's Place

London,  NW1 3AN

United Kingdom

Founded in 1988

19,643 Employees

Phone:

44 87 0607 6000

Key Executives for Santander UK plc

Chief Executive Officer
Age: 53
Chief Financial Officer and Executive Director
Age: 48
Chief Operating Officer
Chief Executive Officer of Santander Private Banking International
Head of UK Banking and Executive Director
Age: 49
Compensation as of Fiscal Year 2013.

Santander UK plc Key Developments

Santander UK plc, Annual General Meeting, Apr 17, 2014

Santander UK plc, Annual General Meeting, Apr 17, 2014., at 09:30 GMT Standard Time. Location: 2 Triton Square, Regent's Place. Agenda: To receive the report of the directors and the audited accounts for the year ended 31 December 2013; to approve the director’s remuneration report for the year ended 31 December 2013; to re-appoint Deloitte LLP as auditors of the company and to fix their remuneration; to authorize the company and all companies that are subsidiaries of the company to make political donations to political parties or independent election candidates in aggregate not exceeding £150,000; to approve the maximum ratio between the variable and fixed components of the total remuneration of certain executive directors and employees belonging to categories whose professional activities have a material impact on the risk profile of the company; to authorize the directors to buy back its own 8% preference shares; to authorize the directors to buy back its own 10% preference shares; to authorize the directors to buy back its own series A fixed/floating rate non-cumulative callable preference shares.

The Financial Conduct Authority Expects to Announce Penalty on Santander UK

The Financial Conduct Authority (FCA) is expected to announce a penalty of around GBP 12.5 million on Santander UK. It was decided that the bank would have to pay a fine after the FCA conducted a year-long investigation into its business. The main problems identified by the FCA across banks were that advisers failed to identify the level of risk customers were willing to take, did not take into consideration the length of time customers wanted to hold the investment and did not always take a customer's financial circumstances into account.

Santander UK plc Plans to Close Branch at Conisbrough

Banco Santander announced that it is planning to close its branch at Conisbrough, UK, leaving the area with just one bank branch. People who bank with Santander will now need to go online or travel to Mexborough or Doncaster, when the branch closes in June. The bank had opened the branch in 2010.

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Merger/Acquisition
November 18, 2013
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