News

Spanish bank says it has no "current plans "to float its UK arm

Julian Knight: Global action needed as Europe loses grip on crisis

As withdrawals from Continental banks leap, the trouble could spill over to the UK, cutting the availability of loans and mortgages

Spanish worries should not spread to Santander

Spanish-owned Santander has faced questions about its financial safety this week as the euro crisis deepened, causing rating agency Moody’s to downgrade 16 Spanish banks, including Santander UK.

After falling by 28 per cent, Bankia shares rose by 26 per cent yesterday

Spectre of bailout looms as banking turbulence goes on

Another big swing in share prices shows the uncertainty is far from over, with some fearing Spain could go the way of Ireland

Halifax's Three-year ISA Saver Fixed earns 4.25% gross AER, permits transfers and requires a minimum balance of £500

Deadline looms for ISA allowances

Savers are now on the home stretch with the 5 April end of tax year deadline less than a fortnight away. After that date this year's tax-free individual savings account (ISA) allowance is lost for good.

Money Insider: Repaying fixed-rate mortgages can be pricey

Choosing the right home loan isn't always a straightforward process. We all have different circumstances so it's never going be a case of one type of mortgage fits all. Most of us who opt for a discounted or fixed-rate mortgage will naturally focus on the interest rate and fee as we look to keep the upfront costs and monthly repayments to a minimum.

Five Questions About: Spending Easter abroad

Where's the cheapest place to get cash?

Santander UK boss pockets £4.1m despite PPI charge

Ana Botin, the chief executive of Santander UK, was paid £4.1m last year, despite the bank's profits plunging by 40 per cent after it was hit by a £500m charge for mis-selling payment protection insurance (PPI).

Money Insider: Act quickly as mortgage tide may be turning

Is the tide starting to turn in the mortgage market? You've probably already heard the outcry following the decision by Halifax, Clydesdale Bank, Yorkshire Bank and Bank of Ireland to increase the standard variable rate on their mortgages. It's too early to say if this is just the tip of the iceberg with other lenders soon to follow suit, but even though base rate remains at 0.5 per cent, where it has held fast for three years, it does seem that the ultra-low mortgage era that many have been enjoying may be coming to an end.

Money Insider: Switching to 123 can offer more than just a short-term deal

It's become common practice for banks to offer financial incentives as they desperately try to encourage customers to join them and kick their current provider in to touch. Up to now, switching initiatives have fallen into a number of categories. These include upfront cash hand outs, short-term promotional credit interest rates, limited-interest free overdrafts or access to exclusive products in a bid to win new current accounts.

The banking giant reported a better-than-expected increase in profits today

Barclays tops PPI complaints list

Barclays was the most complained-about bank in the last six months of 2011, according to the financial ombudsman, with nearly 12,000 cases brought by consumers.

Money Insider: Fast movers can get a transfer to Nottingham

The steady stream of new ISA accounts just keeps coming, and there have been a couple of particularly attractive products launched this week. Nottingham Building Society has taken over the top spot in the two-year fixed-rate ISA best buys with a new account paying 3.65 per cent tax-free with the rate fixed until 31 March 2014.

Santander UK fined £1.5m by the City watchdog

The City watchdog has fined Santander UK £1.5m for failing to make it clear to investors who bought its structured investment products whether they were covered by the Financial Services Compensation Scheme.

Santander UK is fined £1.5m by City watchdog

The City watchdog has fined Santander UK £1.5m for failing to make it clear to investors who bought its structured investment products whether they were covered by the Financial Services Compensation Scheme.

Santander’s move may be followed by other banks

Santander fined over limited cover

Santander has been fined £1.5 million for failing to make clear to customers that some of its products had only limited cover under a compensation scheme.

Bank lending falls despite 'Project Merlin' agreement

Lending by Britain's top five banks shrank every quarter last year, official figures revealed today, in an embarrassing blow to the Chancellor's Project Merlin agreement.

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness
Homeless Veterans appeal: Homeless in Wales can find inspiration from Daniel’s story

Homeless Veterans appeal

Homeless in Wales can find inspiration from Daniel’s story
Front National family feud? Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks

Front National family feud?

Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks
Pot of gold: tasting the world’s most expensive tea

Pot of gold

Tasting the world’s most expensive tea
10 best wildlife-watching experiences: From hen harriers to porpoises

From hen harriers to porpoises: 10 best wildlife-watching experiences

While many of Britain's birds have flown south for the winter, it's still a great time to get outside for a spot of twitching
Nick Easter: 'I don’t want just to hold tackle bags, I want to be out there'

'I don’t want just to hold tackle bags, I want to be out there'

Nick Easter targeting World Cup place after England recall
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore