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Top related persons:
Ian Forsyth - 1 — - 1 William Vereker - 1 Vereker - 1 Muirinn O'Neill - 1 we're - 1 Tiina Lee - 1 Lee - 1
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Liverpool England ENGLAND City London
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Labour Party Conference - 1 ACC Liverpool - 1 Getty - 1 Labour - 1 Santander U.K - 1 Citi U.K - 1 CNBC - 1 Finance - 1

Search resuls for: "Santander U.K"


2 mentions found


☆ UK finance chiefs are banging the drum for one major reform to boost economic growth
  + stars: | 2024-09-26 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +3 min
Ian Forsyth | Getty Images News | Getty ImagesLiverpool, ENGLAND — U.K. finance chiefs are banging the drum for pension reforms to boost anaemic investment and growth in the country. William Vereker, chairman of Santander U.K., cited pension reform as one of three paths to economic growth, alongside skills and education, and regulation. "If we do not have domestic capital investing in domestic businesses, we will not see the growth that this government is so rightly focused on," he added. "For me, pension reform is the way to unlock growth in the U.K.," Lee told "Squawk Box Europe." UK pensions reviewU.K. Finance Minister Rachel Reeves in July announced a landmark pensions review as part of a "big bang" of reforms to unlock growth.
Persons: Ian Forsyth, —, William Vereker, Vereker, Muirinn O'Neill, we're, Tiina Lee, Lee, it's, Rachel Reeves, Tulip Siddiq Organizations: Labour Party Conference, ACC Liverpool, Getty, Labour, Santander U.K, Citi U.K, CNBC, Finance, Treasury Locations: Liverpool, England, ENGLAND, City, London
☆ UK financial watchdog fines Santander $132 million
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: +1 min
Britain's Financial Conduct Authority said on Friday it had fined Santander £107.7 million ($132 million) for "serious and persistent" gaps in the Spanish bank's anti-money laundering controls for more than 560,000 business customers. The FCA said that between 31 December 2012 and 18 October 2017, Santander's U.K. arm failed to properly oversee and manage its anti-money laundering systems. Santander had ineffective systems to adequately verify the information provided by customers about the business they would be doing, the FCA said. Santander U.K. said it accepted the FCA's civil regulatory findings in relation to anti-money laundering controls in its business banking division. The FCA investigation has now concluded and no further action is anticipated by the U.K. watchdog or any other authority in respect of this matter, the bank said.
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