Submitting.
Santander cautioned it expects to continue cutting costs as part of an ongoing overhaul and gave a cautious outlook for the UK economy, though it expects growth to recover later in the year thanks to the vaccine rollout.
The economic bounce-back is set to help drive down defaults on loans from struggling households, it added.
Santander said it expects mortgage lending to rise by about 2 per cent in 2021, but house prices to fall 2 per cent.
Nathan Bostock, chief executive of Santander UK, said: Although Covid-19 materially impacted our results, the decisive actions we have taken have helped to deliver a very resilient performance despite the difficult environment.
Mon, 1st Feb 2021 14:48
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
Tracsis PLC - Leeds-based traffic data & transportation services firm - Confirms that Andy Kelly is appointed chief financial officer with immediate effect. Max Cawthra has stepped down from the board but will remain with the business in a non board role for a short period of time in order to assist with a smooth handover and transition. Cawthra s intention to stand down in early 2021 was first announced in September 2020, and at that time Kelly s appointment was proposed for February 1, 2021. Kelly has worked at Vitec Group PLC, Anglo American PLC and Carphone Warehouse PLC.
29/01/2021
FAO: HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest, Santander UK, Barclays, TSB, Halifax.
In recent years we have seen seismic changes in retail banking and the UK’s cash infrastructure. The innovation that has allowed millions of consumers to enjoy the convenience of contactless payments and 24/7 access to their bank account via the mobile phone in their pocket has benefitted many.
It is clear, however, that cash is still an important lifeline for millions of people across the UK, with our latest research finding 10 million people are not ready or able to give it up. As you will be aware from your own customers, many older or more vulnerable people rely on cash as a means of budgeting or managing payments.
January 29, 2021, 12:03 am
The UK’s biggest banks are being urged by Which? to publicly commit to maintaining cash access for those who still rely on it (Dominic Lipinski/PA)
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The UK’s biggest banks are being urged by Which? to publicly commit to maintaining cash access for those who still rely on it.
The consumer group said it is setting banks a two-week deadline to commit to cash.
20 January 2021 Santander UK appoints Rakshit Kapoor as chief data officer Santander UK has announced the appointment of Rakshit Kapoor as its new chief data officer and head of data transformation for Europe, effective 1st February 2021
Kapoor joins from HSBC, where he served as group chief data officer.
Kapoor brings over 20 years’ experience in senior IT and data roles to Santander UK, and will oversee development of the company’s data strategy, organisation, operating model, technology and governance.
The new appointment’s duties will include leading the creation of a data and analytics centre of excellence, which looks to bring together multiple disciplines from across the bank into a single team.