Santander to Acquire TSB in £2.6bn Deal, Cementing UK Commitment
Santander Raises Mortgage Rates Again, Marking Second Increase in a Week
Santander UK has announced a second increase in fixed mortgage rates in under a week.
Santander announces a £4.7 billion windfall for shareholders.
Santander has revealed its intention to distribute €5.5 billion (£4.7 billion) to its shareholders, following a year of unprecedented profits driven by rising interest rates.
Santander withdraws fixed and tracker rate home loans.
Santander has decided to suspend almost all of its mortgage offerings as it reevaluates the market in anticipation of additional projected interest rate hikes by the Bank of England.
The Bank of England governor, Andrew Bailey, has signalled interest rates may have peaked
Andrew Bailey, the governor of the Bank of England, has suggested that interest rates might have reached their highest point, following 10 consecutive hikes in the official borrowing cost since
The three stocks to sell as interest rates rise
The Bank of England raised interest rates by 0.5% to 4pc. This is the highest rate since the financial crisis.
UK workforce to shrink permanently in wake of pandemic, Bank of England
The Bank of England warned that Britain’s workforce would be permanently smaller following the pandemic. This will lead to stagnation.
The Bank of England raises interest rate for 10th time in a row
A majority of 7-2 votes in favour of increasing the Bank Rate by 0.5% to 4% by the Monetary Policy Committee.
Bank of England poised to raise interest rates for 10th time in a row on Thursday
The Bank of England will raise interest rates for the tenth time in succession at its policymakers’ meeting this week to further squeeze the finances of businesses and mortgage holders.
The Bank of England is expected to raise interest rates to 15-year highs this week
European stock markets are likely to open lower as investors prepare for central bank decisions in the UK and US later this week.
Bank of England makes £3.8bn profit after the mini-Budget collapse
Threadneedle Street received a return of approximately 20pc from the buyers who paid £23bn to buy the bonds.
Bank of England raises interest rates to a fresh 14-year high to 3.5pc
The Bank of England announced its ninth consecutive increase in interest rates. This brings them to their highest level since before the global financial crisis.