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In 2009, following the UK bank rescue package, the Government of the United Kingdom took a 43.4% stake in Lloyds Banking Group, which later announced that it would sell a standalone retail banking business of 632 branches and most accounts held at those branches in order to comply with European Commission state aid requirements.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
A branch of the Northern Rock with Virgin Money branding on Briggate in Leeds. On 13 October 2007, Sir Richard Branson announced that Virgin Group were putting together a consortium of financiers to propose to plough millions into the troubled Northern Rock bank and in return take an approximate 30% stake in the business, bringing the current financial products offered by Virgin and combining ...
Tandem Money is a company that owns Tandem Bank, one of the UK's original challenger banks.Tandem Bank is a digital bank with a mobile app, and no branches. The acquisition of Harrods Bank in 2017 allowed the company to provide services using the former's banking licence. Tandem B
Egg was an internet bank headquartered in Derby, that is now a trading name of Yorkshire Building Society. [1] Egg was born out of the banking arm in the United Kingdom of Prudential plc, which was established in 1996, and the Egg brand was launched in October 1998. The first online credit card was launched in September 1999. [2]
The Bank did obtain an international partnership with Banco Santander Central Hispano of Spain, each bank taking a 5% stake in the other. However, this arrangement ended in 2005, when Banco Santander Central Hispano acquired UK bank Abbey National – and both banks sold their respective shareholdings. [14]
In Germany, the bank is represented by the Santander Consumer Bank AG. The Santander Consumer Bank AG has a loan portfolio of €30.8 billion [3] and has about 5.6 million customers. The business model of Santander Consumer Bank AG is based on three pillars: retail banking, vehicle financing and consumer financing.
From 2001 to 2009, Bostock worked for Abbey National (now Santander UK), and was a main board director from 2005. [ 4 ] In June 2009, Bostock returned to RBS as the "new right-hand man" to CEO Stephen Hester , tasked with trying to sell off non-core assets. [ 3 ]