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Title: Banco Santander And The Acquisition Of Abn Amro And Abbey National

Essay Details

Subject: Business
Author: Gary B
Date: September 22, 2015
Level: University
Grade: A
Length: 10 / 2810
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Abbey National Abbey is the sixth largest bank of the United Kingdom, with a leading position in the United Kingdom mortgage market, a well-built distribution network, an established brand and a wide portfolio of clients. In 2004, the bank was acquired by Banco Santander for EUR 15,6 billion and became a wholly-owned subsidiary of Grupo Santander...

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The ‘Personal Financial Services’ consists of three components: the ‘UK Retail Banking’ which provides residential mortgages, savings products, personal banking services, travellers' cheques, foreign currency and general insurance. The ‘wholesale banking’ which is in charge of the liquidity and capital management activities of the bank and also incorporates Abbey’s financial products and short term markets businesses...

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