Nationwide Boss Graham Beale to step down in 2016 as profits surge 32% at country's biggest building society: The Boss of Britain's second-biggest lender Nationwide will step down next July after profits soared 32 % in 2014. Chief Executive Graham Beale - who has been at the helm since 2007 - said a number of factors, including the Labour party's threat to introduce the mansion tax, and the Scottish independence vote had led to a 'choppy market' in 2014. Nevertheless underlying annual profits hit £1.2 billion last year.
2 May '15
New from Motley Fools
A very interesting run down on BNC. I am not a great fan of The Fools but this is a good summary of BNC at the moment. https://www.fool.co.uk/investing/2015/04/30/you-cant-afford-to-miss-out-on-banco-santander-sas-growth/
From The I: "Spain's economy expanded at its fastest pace for seven years at the start of 2015, setting it firmly on course to meet a new 2015 growth target of 2.9% in the first quarter, spurred by a pick-up in household spending."
29 Apr '15
Santander restructures U.K. business amid new rules: Santander has restructured its business in Britain to make it easier to wind up if it fails. The Spanish bank’s new British holding company takes in both its U.K. retail banking business and its wholesale banking operation, known as Abbey National Treasury Services.
28 Apr '15
Less Pain in Spain?
Spain is poised to grow at a faster rate than the United States over the next three years and will emerge as a shining light of the European recovery story, GAM’s Niall Gallagher has said. http://citywire.co.uk/money/spain-can-outstrip-us-growth-says-gams-gallagher/a810762?re=33880&ea=222385&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary
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