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The bank, with its head office in 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom, was established on 11 January 2010, when Abbey National plc was combined with the savings business and branches of Bradford & Bingley plc, and renamed Santander UK plc.
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.
Santander Bank, N. A. (/ ˌ s ɑː n t ɑː n ˈ d ɛər /) is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States .
— 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.
In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish Santander Group, with a rebrand following in February 2005. In January 2010, the savings business of Bradford & Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc.
There is also a government-run savings bank called National Savings and Investments.. British retail banks. These banks provide retail services to the general public. Retail banks are usually known as High street banks as they traditionally had multiple branch locations in the cities and towns across the UK.
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.
Alliance & Leicester plc was a British bank and former building society, formed by the merger in 1985 of the Alliance Building Society and the Leicester Building Society.. The business demutualised in the middle of 1997, when it was floated on the London Stock Exchan