business / markets
3 hours ago

Santander Weighs UK Exit Amid Regulatory Issues, Threatening Economic Stability

Santander Weighs UK Exit Amid Regulatory Issues, Threatening Economic Stability
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7 Highlights
  • Santander reviews its UK operations, possibly considering a sale.
  • The move raises uncertainty for 14 million UK customers.
  • Strict regulations post-crisis are hurting Santander's profits.
  • In October, Santander cut 1,400 UK jobs to reduce costs.
  • Santander's exit could harm the UK's economic stability.
  • Car finance scandal may lead to large compensation payouts.
  • UK politicians pressured to reassure foreign investors.
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