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Santander

News

Financial Times - Sept 28

Sept 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - IMF urges UK to 're-evaluate' tax cuts in biting attack on fiscal plan Link - HSBC, Santander and Nationwide suspend and reprice UK mortgages Link - Labour plans state-owned UK clean energy company Link - Revolut receives green light to run UK cryptocurrency business Link Overview - The International Monetary Fund on Tuesday took
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Santander approves interim dividend of 0.0583 euros per share against 2022 results

MADRID, Sept 27 (Reuters) - Spain's Santander SAN.MC board approved on Tuesday an interim cash dividend against 2022 results of 0.0583 euro per share, equivalent to around 20% of the group's underlying profit in the first half of 2022, the lender said. The cash dividend represents an increase of around 20% compared with the interim 0.0485 euro per share paid against 2021 results.
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Global rates, retail banking included in Bank of England stress test

LONDON, Sept 26 (Reuters) - Banks' ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year's "stress test", the Bank of England said on Monday. The test checks if banks hold enough capital to cope with theoretical shocks and aims to avoid a repeat of situations where taxpayers have to bail out lenders as they did in the global financial crisis more than a decade ago.
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Bank of England unveils new bank stress test scenario

LONDON, Sept 26 (Reuters) - The Bank of England set out the economic downturn scenario against which major British lenders' financial health will be tested as part of its annual bank "stress tests". The scenario - which is closer to a worst-case situation than how the BoE expects the outlook to develop - includes the BoE's Bank Rate rising to 6% early next year and a 5% fall in British economic output, as well as a 31% slump in house prices.
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Santander hires law firm to investigate bankers' strip club visit

By Jesús Aguado MADRID, Sept 20 (Reuters) - Spanish bank Santander SAN.MC hired a law firm to investigate a whistleblower report saying a group of bankers visited a strip club after a day of company meetings and pressured younger colleagues to join them, a source close to the matter said. The incident took place in February after the bank's global debt capital markets team held meetings at the lender's UK headquarters, the source told Reuters.
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