Santander, Webster
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The Spanish-owned bank added to the £295m it had earmarked for compensation and costs related to mis-selling of loans to vehicle buyers.
UK arm brands FCA’s compensation scheme ‘overreach’ as Spanish owner signs surprise $12bn takeover of Webster Bank in US
MILLIONS of drivers are one step closer to a car finance windfall today after banking giant Santander beefed up its compensation pot to £461million. The high street lender has put aside an extra
Feb 4 (Reuters) - Santander UK lifted its motor finance redress provision to 461 million pounds ($632.31 million) on Wednesday, following the British Financial Authority's (FCA) consultation on a proposed compensation scheme.
Santander to cut costs further as profits rise despite another motor finance hit - The Spanish-owned lending giant reported a 14% rise in pre-tax profits to £1.51 billion for 2025.