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Santander UK plc ( UK: / ˌsæntənˈdɛər, - tæn -/, US: / ˌsɑːntɑːnˈdɛər /) [3] is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Santander UK is one of the leading personal financial services ...
Banco Santander S.A. doing business as Santander Group (UK: / ˌ s æ n t ən ˈ d ɛər,-t æ n-/ SAN-tən-DAIR, -tan-, US: / ˌ s ɑː n t ɑː n ˈ d ɛər / SAHN-tahn-DAIR, Spanish: [ˈbaŋko santanˈdeɾ]), is a Spanish multinational financial services company based in Madrid and Santander in Spain.
Cater Allen Limited. Cater Allen is a private bank operating in the United Kingdom and is a subsidiary of Santander UK. Tracing its history back to a bank founded in Blackburn in 1816, [1] [2] it was independent for 180 years, before being purchased in 1997 by Abbey National. [3] Cater Allen Offshore was initially run as a separate enterprise ...
— Santander UK (@santanderuk) January 31, 2024 The group reported a 13% rise in annual pre-tax profits to £2.1 billion for 2023, up from £1.9 billion in 2022.
Citibank (UK), owned by Citigroup of the United States. ICBC (London) plc, by Industrial and Commercial Bank of China. ICICI Bank (UK), owned by ICICI Bank of India. Danske Bank (formerly Northern Bank), owned by Danske Bank of Denmark. Habib Bank UK, owned by Habib Bank of Pakistan.
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Cahoot operates as a division of Santander UK, and shares Santander's banking licence and headquarters. Its business model involves a small operational staff, with IT services outsourced in 2003 to IBM using their "Software on Demand" model. As of 2023, the only products available to new customers are savings accounts.
Santander has apologised for what it says is "the concern this will understandably cause" adding it is "proactively contacting affected customers and employees directly."