Knowledge (XXG)

Abbey National

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266:. An application was made to register under the 1836 Building Societies Act but the registrar refused to accept the name. Accordingly, the name was changed to The National Permanent Mutual Building Society, with an authorization for it to be commonly called The National Freehold Land Society. Despite the building society registration and formal name, there was no doubt as to the National’s function. The 1852 Prospectus clearly stated that “The special objects of this Society are to facilitate the acquisition of freehold land, and the erection of houses thereon – to enable such of its members as are eligible, to obtain the county franchise”. (The name was changed in 1894 to The National Freehold Land and Building Society and finally to The National Building Society in 1930). 363:
Oak Co-operative in 1979. In 1971, the Abbey was opening a branch per week and in 1974, the peak of the private housing boom, there were 335 branches and £3bn. assets. This growth could not have taken place without the increase in new private housebuilding and the expansion in home ownership that created the second-hand market; it also reflected more innovative marketing policies. This innovation reached its peak with the appointment of Clive Thornton as general manager in 1979. He led a wide range of marketing initiatives, perhaps the best known being the registration of the name “Granny Bonds” to rival the National Savings product.
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removed building controls and the growth in home ownership and private housebuilding resumed. However, the Society still had little more than a hundred branches and, with the pre-war management still in control, perhaps it was no longer as innovative. Eventually, 1963 saw the departure of the “old guard”: Chairman Harold Bellman died aged 76; Bruce Wycherley, general manager of the National from 1933 and chief executive of the merged group from 1948, resigned, as did Stanley Ramsey the “original architect” of the merger.
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distinct, there was a commonality of directors and staff. The objective was to make the National “more emphatically than it has ever been yet, a Savings Bank and Building Society.” At that point, British Land accounted for two thirds of the National’s advances. The importance of British Land to the National gradually diminished although it was not until 1874 that the proportion fell to below one half; after an internal row over the ownership of the National’s head office, all the advances were repaid in 1878.
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Secretary of the Society in 1921. He overhauled every aspect of the operations, introduced improvements, advertised in the national press and opened branches outside the Society’s home area. By 1929, the number of members had exceeded 100,000 and these doubled in the following two years. It was in this inter-war period that Abbey overtook the National in size: in 1918, the National had £1.2m assets against Abbey Road’s £0.8m whereas in 1939 Abbey’s assets totalled £51m against the £36m of the National.
375:. Abbey even formed its own private housebuilding company, Abbey National Homes, in 1986. It built 2-300 houses a year but during the housing recession of 1990-92 it lost over ÂŁ50m and was closed. The range of services offered brought Abbey National ever closer to a clearing bank. In 1988, Abbey introduced a full-service interest-bearing cheque account; its administration was restricted by building society rules and the need to find a partner that could clear Abbey's cheques ( 581: 247:
and was outside the reach of the average worker. A scheme to obviate this capital requirement was launched in 1847 as the Birmingham Freehold Land Society. In simple terms, the society arranged for the purchase of tracts of land and divided them into plots which individuals could purchase, the cost being met by regular subscriptions. The success of the Birmingham Society prompted a flood of other societies around the country, of which the National was one.
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National claimed to be taking forty per cent of the funds. Once the plots had been purchased, the National recognized the need to provide finance for the houses that were to be built on them. In 1854 it published its first advert, inviting applications for advances “for the erection of houses on the Estates”; those advances were not to exceed two-thirds of the net value and to be repaid over ten years.
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The National Building Society had its origins in the freehold land movement, sometimes called the “forty shilling freeholders movement”. In country areas, the voting entitlement was dependent on the possession of freehold land with an annual value of £2. This required a capital outlay of some £60-70
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Abbey National was now set for rapid expansion. By 1968, the branch network had reached 150 and assets exceeded ÂŁ1bn. In the next ten years the business of four other societies was acquired: the Definite Permanent in 1968, The State Building Society in 1970, Highgate Building Society in 1974 and the
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The Abbey was founded in 1874 by members of the Free Church in Abbey Road and of the Abbey Road Church Benefit Society. The chosen name of the society was the Abbey Road and St John’s Wood Mutual Benefit Building Society and it was launched in 1875. Three years later the Society registered under the
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The Santander Group announced in May 2009 that Abbey and the Bradford & Bingley branch network would be renamed under the Santander brand on 11 January 2010. Credit cards issued by Abbey were the first to change to Santander. The Abbey name was retained for the Abbey for Intermediaries mortgage
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for ÂŁ8 million in August 1993. The 347-strong chain employed 1,800 staff and was subject to a write-down of ÂŁ138 million in March 1993 following annual losses since 1989 of at c. ÂŁ20 million. Having sold off around 280 branches in 1994, the remaining 70 branches of Cornerstone (although over 200 of
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Thornton was more than a passive supplier of funds to house purchasers. He took an activist approach to the housebuilding industry arguing that building societies should finance building of houses and flats to rent privately. In 1980, the Abbey set aside ÂŁ250m to stimulate the private homes sector.
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WWII brought a cessation to new housebuilding and the building societies preoccupation was supporting mortgage owners and the consequences of bomb damage to properties. By 1943, as the prospect of victory increased, the Government led discussions on post-war reconstruction. The National’s Chairman,
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Because the Society was not legally allowed to hold land in its own name, in 1858 it formed a separate company British Land to take over all the land previously held in the name of the Trustees. All the capital was subscribed by the National’s own investors but although British Land was financially
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The Society was not allowed to purchase land in its own name, so purchases were made by the Trustees and quickly thirteen estates were purchased around London. Within four years, the National had become the largest land society in the country. There were over 100 such societies in existence and the
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collapsed creating widespread financial uncertainty. In the event, funds flowed into the National in excess of its ability to find borrowers and it decided to deploy surplus funds in the north of England. Losses were incurred and the National confined its operations to within 100 miles of London.
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In July 2007, Abbey admitted that errors that it made in the 1980s have contributed to many borrowers' mortgage terms being extended by up to 15 years. During this period – which saw considerable turbulence in interest rates – Abbey extended the terms on customers'
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However, even after the War, the Abbey Road “was little known outside the borough of Paddington in which it was situated” The catalyst for change was the arrival of Sir Harold Bellman, later a commanding figure in the building society sector. He joined the board of management in 1918 and became
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The post-war Labour government ensured that resources for housing reconstruction was almost entirely concentrated on local authority housing, while stringent controls severely limited the private sector, the building societies’ natural market. Between 1951 and 1954, the Conservative government
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Abbey had Banking Contact Centres in Belfast, Glasgow, Sheffield, and Bootle. Business Banking operations, both administrative and telephony, were also based in Glasgow, having been moved from Taunton and Newport early in 2005. Abbey previously operated contact centres in Derby, Liverpool and
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c. 42) and the name was changed to the Abbey Road and St John’s Wood Permanent Building Society. In contrast to the high-profile public figures who founded the National, the start of Abbey Road was more modest. By 1888, the address was still at the schoolroom of the Abbey Road Church and the
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Following shareholders' approval at the EGMs of Abbey (95 per cent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004.
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Investments were previously branded as Inscape, but were renamed Premium Investments in the end of 2008, provided by Santander Portfolio Management. This was subsequently subsumed into the more general telephony operations and the original contact centre based in
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which allowed financial institutions to own estate agencies, Abbey National launched its own estate agency chain; Cornerstone, purchasing many smaller chains and individual offices with a view to opening a new channel for selling mortgages and endowment policies.
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in New York damaged confidence in various financial areas. From this point, Abbey struggled from financial losses and a tarnished image. The chief executive, Ian Harley, a long-time Abbey employee, resigned and his post was filled by an outsider, Luqman Arnold.
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Secretary advised that he would be available on Friday evenings at his home. The early years saw rapid growth in members of the Society from 111 in that first year to over 1,000 in 1884, reaching 2,000 in 1881, 3,000 in 1901 and over 7,000 by the outbreak of
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The demutualisation process was marred by the discovery of a large number of undelivered share certificates awaiting destruction at a contractor's premises. Abbey National shares peaked at more than ÂŁ14 in 2000, before the stock market began a long decline.
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Francisco Gómez Roldán took over as chief executive from Luqman Arnold, who received a rumoured £5 million, made up of pay off and share options. Gómez-Roldán died suddenly in July 2006, three weeks before being succeeded by Antonio Horta Osorio.
1772: 619:. The businesses sold to Resolution were Scottish Mutual Assurance, Scottish Provident Limited and Abbey National Life, two offshore life companies, Scottish Mutual International and Scottish Provident International Life Assurance Limited. 1102: 1869: 293:
there was exceptional growth both for the industry and the National in particular. Over a 15-year period the advances of the Building Societies Association rose eight-fold whereas those of the National rose by a factor of twenty.
660:, James Hay and Cahoot brands remained. Santander UK plc also retained the name Abbey National Treasury Services ltd ("ANTS") for the division responsible for managing its liquidity, risk management and wholesale banking needs. 523:, leasing rolling stock to the train operating companies in the United Kingdom. The bank launched its online bank, Cahoot, in June 2000. In August 2000 The First National subsidiary purchased Highway Vehicle Management from 644:
Abbey migrated all customer accounts to the Partenon computer software used by Santander in June 2008. On 27 October 2008, Abbey reached an agreement to sell Porterbrook to a consortium of Deutsche Bank, Lloyds TSB and
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After losses of at least ÂŁ243 million, Abbey National decided to sell its estate agency business Cornerstone to two entrepreneurs, Tony Snarey and Bill McClintock, in a management buyout backed by insurance company
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of Barings Bank. In the summer of 1995, Abbey National purchased First National Finance Corporation, a consumer credit company, for about ÂŁ285 million. Two life assurance companies were demutualised and acquired,
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name was implemented at the beginning of 1944 with Sir Harold Bellman as Chairman and Stanley Ramsey as his deputy. At the time of the merger, Abbey Road was the second largest society and National, the sixth.
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In July 1994, Abbey National purchased James Hay, one of the United Kingdom's foremost independent providers of self administered pensions. James Hay then went on to grow in strength and launched Abbey Wrap,
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On 26 July 2004, Abbey National plc and Banco Santander Central Hispano, SA announced that they had reached agreement on the terms of a recommended acquisition by Banco Santander of Abbey.
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Stanley Ramsey, argued that greater scale would be needed to deal with the financial challenges of reconstruction and in 1943 he proposed a merger to the Abbey Road. The merger under the
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In August 1996, Abbey National took over the National & Provincial Building Society, which was itself the product of a 1982 merger between the Provincial Building Society and the
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As a result of the banking crisis of 2008, Abbey purchased the savings business and branches of Bradford & Bingley in September 2008 following the nationalisation of B&B by
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The repayment of the British Land loans marked the final break with the old freehold land movement and this was formalized in 1880 when the National incorporated under the
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On either side a lion Or charged on the shoulder with a billet that on the dexter sable with a fleur-de-lis Or that on the sinister Ermine with a sword erect Gules.
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In 1932, the society moved into new headquarters, Abbey House, at 219–229 Baker Street, London, which it occupied until 2002. The site was thought to include
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launched and the Abbey National umbrella logo dropped. Banking literature was also simplified as part of the programme, labelled 'turning banking on its head'.
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Abbey retained all of its branch based investment and asset management business, James Hay, Abbey's self invested personal pension company and James Hay Wrap.
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Elkington described the 30 years from 1890 as a period of consolidation with the Society always in the top dozen nationally. However, in the period after
2488: 2436: 1094:"Abbey National sells estate agents for 8m pounds: Two entrepreneurs buy Cornerstone chain after bank's losses since 1987 mount to at least pounds 243m" 2788: 2773: 688:. Its savings and banking administration departments were in Bradford, with mortgage centres in Thornaby-on-Tees and Whiteley (which closed in 2010). 383:(BACS) and became member of the BACS and CHAPS clearing systems. The stage was set for Abbey to end its mutual status and become a public company. 113: 2633: 1221: 534: 2613: 1694: 1058: 2994: 2429: 1842: 1716: 2858: 1485: 2638: 2558: 2548: 1878: 1435: 653:
division and was retained for a time for Abbey International before the latter was subsequently rebranded as Santander Private Banking.
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At first, this provided a good profit stream, despite the criticisms of some analysts. This eventually undid the company, however, when
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Thornton worked with Local Authorities to finance inner city renovation, one of the best-known examples being the loan of ÂŁ3m to the
2778: 2753: 2703: 2360: 2180: 1458: 992: 917: 504:. This merger increased Abbey National's branch network by almost two hundred branches and brought in three million more customers. 1147: 541: 2913: 2748: 2713: 2658: 2084: 923: 372: 560:
Arnold spearheaded a major reorganisation of the bank. The First National business was sold, with the car hire business sold to
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In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish
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On a wreath of the colours a lion statant Or gorged with a chain hanging therefrom a key wards to the sinister Gules.
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in India in 2003. Following the takeover by the Santander Group, the Gateshead operations also closed in March 2005.
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the sold branches continued to use the name at the time) were put into receivership in October 1995.
282: 251: 1847: 202:, doing so in July 1989. The bank expanded through a number of acquisitions in the 1990s, including 2247: 2094: 368: 159: 2943: 2421: 1530: 580: 2392: 2257: 1244: 2373: 1794: 2553: 2366: 2242: 1943: 988: 677: 324: 2453: 2337: 2330: 2323: 2317: 2277: 2038: 1969: 1484: 1146: 1092: 928: 692:
Gateshead. The Derby and Liverpool centres were closed, as part of a cost-cutting exercise.
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and Abbey opposite each other on Hounslow High Street prior to the January 2010 rebranding
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attempted to merge with the bank in July 2001, though that was ultimately rejected by the
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for ÂŁ848 million. In September 2003 the brand name was shortened to Abbey, the abbey.com
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was formed in 1944 by the merger of the Abbey Road and the National building societies.
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In 1849 The Metropolitan Freehold Land Society was formed, led by such prominent
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In February 1995, Abbey National Baring Derivatives were taken down along with
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approved in August 2003. This was relaunched as James Hay Wrap in June 2005.
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The bank shortened its name and dropped the previous umbrella logo in 2003.
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The Abbey National Building Society became the first of the United Kingdom
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in 1992 and Scottish Provident in 2001, which enabled Abbey to pursue the
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Abbey's registered office was in London (built on the site of the former
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plc. Prior to the takeover, Abbey National plc was a constituent of the
2004: 1436:"Mark Ritson on branding: Abbey - a case study in how to break a brand" 35: 484:, due to failures in regulation and control, especially in regards to 2056: 918:"Bellman, Sir (Charles) Harold (1886–1963), building society manager" 371:
Trust to help regenerate 4,000 houses on a rundown council estate in
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at ÂŁ1.30 per share, resulting in an unusually large number of small
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In 1987, as a result of financial deregulation enshrined in the
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was combined with the bank, and Abbey National plc was renamed
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stated that Abbey customers may be eligible for compensation.
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as Abbey National plc on 12 July 1989. It was floated on the
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Sir Harold Bellman, The Thrifty Three Millions, 1935, London
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Abbey National House, the bank's registered office in London
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for ÂŁ773 million. Porterbrook was one of the three railway
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It was the first building society in the United Kingdom to
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In June 2006, Abbey agreed to sell its life businesses to
537:. Abbey also ventured into the wholesale loans business. 906:
Sir Harold Bellman, Bricks and Mortals, 1949, Hutchinson
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E J Cleary, The Building Society Movement, 1965, London
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repayment style mortgages without their knowledge. The
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Companies formerly listed on the London Stock Exchange
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for ÂŁ46 million, with the remaining business sold to
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Article: Abbey arm gets given wrap and Sipp control
173: 151: 139: 129: 121: 101: 93: 82: 74: 66: 58: 50: 42: 1459:"Deal Gives Banco Santander a Foothold in Britain" 927:(online ed.). Oxford University Press. 2004. 916: 1879:Commercial and retail banks in the United Kingdom 1717:"Santander Financial Services plc | Santander UK" 641:by Santander had been agreed earlier that month. 316:. A new office was eventually required in 1906. 1550:"Abbey Borrowers Face Lengthened Mortgage Terms" 1056:Extract from Building Societies Yearbook 2009/10 2970:Former building societies of the United Kingdom 1579:Santander Group Santander (29 September 2008). 1086: 1084: 1037:Berry Ritchie, A Key to the Door, 1990, London 2437: 1863: 1486:"HBOS fury as EU backs Santander's Abbey bid" 1391:"Abbey sells First National in ÂŁ848m GE deal" 826:British Housebuilders: History & Analysis 749:Argent a cross Gules over all a castle Sable. 8: 3010:2010 disestablishments in the United Kingdom 3000:Financial services companies based in London 1835:Documents and clippings about Abbey National 1409:"Abbey revamp to 'turn banking on its head'" 819:Building Societies Their Origin and History 379:). Later, Abbey became a full member of the 28: 955:"Bellman, Sir (Charles) Harold (1886–1963)" 884: 882: 880: 878: 876: 874: 298:Pre-merger: The Abbey Road Building Society 2444: 2430: 2422: 1870: 1856: 1848: 1240:"Abbey National to Buy Scottish Provident" 1126:"Demutualisation: Should you sell up now?" 725: 718: 210:. Abbey National launched an online bank, 27: 3005:1944 establishments in the United Kingdom 1769:"Premium Investments: Savings: Santander" 1261:"List of demutualised building societies" 1033: 1031: 1029: 1027: 983:, compiled by John Ayto and Ian Crofton, 902: 900: 898: 242:Pre-merger: The National Building Society 16:Former British bank and building society 1634:"Abbey completes Partenon core project" 1607:"A&L shareholders approve takeover" 1510:Stephen Seawright (27 September 2006). 1287:"Stagecoach poised to sell Porterbrook" 959:Oxford Dictionary of National Biography 924:Oxford Dictionary of National Biography 890:The National Building Society 1849-1934 837: 791:The National Building Society 1849-1934 684:) and its main corporate centre was in 431:– approximately 1.8 million initially. 1499:from the original on 24 December 2008. 719: 473:in one place. Abbey Wrap Managers was 1159:from the original on 27 February 2020 1105:from the original on 27 February 2020 843: 841: 407:The former 'house roof umbrella' logo 7: 381:Bankers' Automated Clearing Services 2975:Defunct banks of the United Kingdom 1741:Fran Duckett-Pike (30 March 2010). 1652:"Porterbroook Leasing sale agreed" 1373:"New Abbey boss facing tough task" 1145:Willcock, John (20 October 1995). 1124:Miles Brignall (13 October 2007). 14: 1795:"Abbey National Building Society" 1660:. 27 October 2008. Archived from 1457:Timmons, Heather (27 July 2004). 1347:"Lloyds TSB/Abbey tie-up blocked" 1091:Willcock, John (17 August 1993). 1076:Private Housebuilding Annual 1997 849:"Santander scraps UK bank brands" 805:Abbey National Conversion to Plc 517:rolling stock operating companies 2942: 2932: 2931: 2085:National Savings and Investments 1819: 1697:from the original on 30 May 2009 1531:"Abbey sells life insurance arm" 1483:William Kay (6 September 2004). 1311:"Abbey National launches Cahoot" 859:from the original on 29 May 2009 552:turned out to be unsafe and the 157:Abbey National Treasury Services 34: 1684:"Santander to rebrand UK banks" 1632:Flinders, Karl (13 June 2008). 1211:Investment Advisor. 6 June 2005 720:Coat of arms of Abbey National 342:Abbey National Building Society 193:Abbey National Building Society 19:For the rebranded company, see 2466:Building Societies Association 1529:Hilary Osborne (7 June 2006). 1285:Staff writer (20 March 2000). 1265:Building Societies Association 1178:James Harris (10 March 2010). 1: 2754:Louth, Mablethorpe and Sutton 2471:Banking in the United Kingdom 2344:Cambridge & Counties Bank 1888:Banking in the United Kingdom 1657:Railway Gazette International 1434:Ritson, Mark (9 March 2005). 1259:Simon Rex (11 January 2010). 812:The Building Society Movement 647:Antin Infrastructure Partners 521:privatisation of British Rail 2995:Banks disestablished in 2010 981:Brewer's Britain and Ireland 941:UK public library membership 828:, 2006, Blackwell Publishing 507:In April 2000, Abbey bought 1839:20th Century Press Archives 1548:Gill Montia (2 July 2007). 1006:"Abbey and Sherlock Holmes" 761:Aedificium Nostrum Benestat 628:Financial Ombudsman Service 392:Financial Services Act 1986 388:Building Societies Act 1986 305:Building Societies Act 1874 279:Building Societies Act 1874 3026: 777:The Thrifty Three Millions 711:was closed in April 2009. 78:Renamed under parent brand 18: 2990:Banks established in 1944 2927: 2774:National & Provincial 2589:Cheltenham and Gloucester 2489:Aberavon Mutual Permanent 2479: 2461: 2411:UK Government Investments 2388: 2318:Arbuthnot Latham & Co 2090:UK Government Investments 1885: 985:Weidenfeld & Nicolson 491:Scottish Mutual Assurance 33: 2789:Norwich and Peterborough 1295:. London. Archived from 1180:"IFG acquires James Hay" 639:Alliance & Leicester 502:Burnley Building Society 358:Expansion and Innovation 327:, the fictional home of 2614:City & Metropolitan 2029:Holt's Military Banking 1797:. Heraldry of the World 1693:. London. 27 May 2009. 1512:"Bad loans up at Abbey" 1074:Credit Lyonnais Laing, 1061:9 November 2013 at the 2634:Co-operative Permanent 2499:Alliance and Leicester 2164:Allied Irish Bank (GB) 2017:Royal Bank of Scotland 933:10.1093/ref:odnb/30697 737:Granted 18 March 1944. 673: 601: 589: 586:Bradford & Bingley 545: 535:Competition Commission 469:, offshore bonds, and 461:can keep the clients' 421:public limited company 408: 349:Post-war Consolidation 223:Bradford & Bingley 2456:of the United Kingdom 2186:The Co-operative Bank 671: 596:A branch of Abbey on 595: 583: 543: 425:London Stock Exchange 406: 377:The Co-operative Bank 125:Banking and Insurance 2859:Stroud & Swindon 2544:Bradford and Bingley 2534:Birmingham Midshires 2349:Close Brothers Group 1975:Birmingham Midshires 1961:Lloyds Banking Group 1438:. Marketing Magazine 1299:on 13 February 2009. 782:Sir Harold Bellman, 775:Sir Harold Bellman, 695:Those jobs moved to 576:Takeover and rebrand 554:11 September attacks 519:created from by the 283:City of Glasgow Bank 114:AntĂłnio Horta OsĂłrio 2794:Nottingham Imperial 2409:Partially owned by 2374:Rothschild & Co 2095:UK Asset Resolution 1775:on 11 November 2010 1721:www.santander.co.uk 1613:. 16 September 2008 1587:on 14 February 2009 1560:on 8 September 2008 1329:"GUS cuts 600 jobs" 1248:. 4 September 2000. 1155:. The Independent. 1101:. The Independent. 721: 369:Stockbridge Village 160:Abbey International 131:Number of employees 30: 2719:Ilkeston Permanent 2639:Coventry Provident 2629:Clay Cross Benefit 2549:Bradford Equitable 2454:building societies 2258:Standard Chartered 2078:Wholly state-owned 1767:Santander UK plc. 1463:The New York Times 1397:. 4 February 2003. 1379:. 18 October 2002. 1245:The New York Times 888:George Elkington, 789:George Elkington, 786:, 1949, Hutchinson 784:Bricks and Mortals 674: 637:. The purchase of 602: 590: 546: 527:for ÂŁ170 million. 413:building societies 409: 54:Financial Services 29:Abbey National plc 2957: 2956: 2529:Bingley Permanent 2419: 2418: 2367:Kleinwort Hambros 2338:C. Hoare & Co 2309:Other commercial 2243:Secure Trust Bank 1944:HSBC Private Bank 1554:The Banking Times 1153:Independent.co.uk 1099:Independent.co.uk 1012:on 21 August 2015 939:(Subscription or 892:, 1935, Cambridge 817:Seymour J Price, 798:A Key to the Door 793:, 1935, Cambridge 767: 766: 678:Thames Television 598:Commercial Street 325:221B Baker Street 309:37 & 38 Vict. 189: 188: 3017: 2946: 2935: 2934: 2884:Town and Country 2779:North of England 2704:Heart of England 2554:Bristol and West 2446: 2439: 2432: 2423: 2331:Butterfield Bank 2324:Bank and Clients 2278:Unity Trust Bank 2248:Sainsbury's Bank 2105:Challenger banks 2039:Isle of Man Bank 2023:Messrs. Drummond 2011:Coutts & Co. 1970:Bank of Scotland 1872: 1865: 1858: 1849: 1829: 1824: 1823: 1822: 1807: 1806: 1804: 1802: 1791: 1785: 1784: 1782: 1780: 1771:. Archived from 1764: 1758: 1757: 1755: 1753: 1738: 1732: 1731: 1729: 1727: 1713: 1707: 1706: 1704: 1702: 1688:Hilary Osborne, 1680: 1674: 1673: 1671: 1669: 1648: 1642: 1641: 1629: 1623: 1622: 1620: 1618: 1603: 1597: 1596: 1594: 1592: 1583:. Archived from 1576: 1570: 1569: 1567: 1565: 1556:. Archived from 1545: 1539: 1538: 1526: 1520: 1519: 1507: 1501: 1500: 1488: 1480: 1474: 1473: 1471: 1469: 1454: 1448: 1447: 1445: 1443: 1431: 1425: 1424: 1422: 1420: 1415:. 2 October 2003 1405: 1399: 1398: 1387: 1381: 1380: 1369: 1363: 1362: 1360: 1358: 1343: 1337: 1336: 1335:. 1 August 2000. 1325: 1319: 1318: 1307: 1301: 1300: 1282: 1276: 1275: 1273: 1271: 1256: 1250: 1249: 1236: 1230: 1229: 1218: 1212: 1206: 1200: 1199: 1197: 1195: 1190:on 13 March 2010 1186:. Archived from 1175: 1169: 1168: 1166: 1164: 1150: 1142: 1136: 1135: 1121: 1115: 1114: 1112: 1110: 1096: 1088: 1079: 1072: 1066: 1053: 1047: 1044: 1038: 1035: 1022: 1021: 1019: 1017: 1008:. Archived from 1001: 995: 978: 972: 969: 963: 962: 951: 945: 944: 936: 920: 913: 907: 904: 893: 886: 869: 868: 866: 864: 845: 729: 722: 566:General Electric 513:Stagecoach Group 214:, in June 2000. 185: 182: 180: 38: 31: 3025: 3024: 3020: 3019: 3018: 3016: 3015: 3014: 2985:Banco Santander 2960: 2959: 2958: 2953: 2923: 2914:West of England 2749:Leeds Permanent 2714:Herts and Essex 2659:Essex Equitable 2569:Bury St Edmunds 2475: 2457: 2450: 2420: 2415: 2384: 2310: 2304: 2288:Clydesdale Bank 2176:Bank of Ireland 2137: 2099: 2073: 2049:Santander Group 2043: 1989: 1954: 1917: 1912:Barclays Wealth 1890: 1881: 1876: 1825: 1820: 1818: 1815: 1810: 1800: 1798: 1793: 1792: 1788: 1778: 1776: 1766: 1765: 1761: 1751: 1749: 1740: 1739: 1735: 1725: 1723: 1715: 1714: 1710: 1700: 1698: 1682: 1681: 1677: 1667: 1665: 1664:on 17 July 2012 1650: 1649: 1645: 1638:Computer Weekly 1631: 1630: 1626: 1616: 1614: 1605: 1604: 1600: 1590: 1588: 1578: 1577: 1573: 1563: 1561: 1547: 1546: 1542: 1528: 1527: 1523: 1509: 1508: 1504: 1492:The Independent 1482: 1481: 1477: 1467: 1465: 1456: 1455: 1451: 1441: 1439: 1433: 1432: 1428: 1418: 1416: 1413:Money Marketing 1407: 1406: 1402: 1389: 1388: 1384: 1371: 1370: 1366: 1356: 1354: 1345: 1344: 1340: 1327: 1326: 1322: 1317:. 12 June 2000. 1309: 1308: 1304: 1292:The Independent 1284: 1283: 1279: 1269: 1267: 1258: 1257: 1253: 1238: 1237: 1233: 1220: 1219: 1215: 1207: 1203: 1193: 1191: 1177: 1176: 1172: 1162: 1160: 1144: 1143: 1139: 1123: 1122: 1118: 1108: 1106: 1090: 1089: 1082: 1073: 1069: 1063:Wayback Machine 1054: 1050: 1045: 1041: 1036: 1025: 1015: 1013: 1003: 1002: 998: 979: 975: 970: 966: 953: 952: 948: 938: 915: 914: 910: 905: 896: 887: 872: 862: 860: 855:. 27 May 2009. 847: 846: 839: 835: 824:Fred Wellings, 803:Margaret Reid, 796:Berry Ritchie, 772: 717: 666: 578: 441: 419:, and became a 401: 399:Demutualisation 360: 351: 337: 329:Sherlock Holmes 300: 256:Joshua Walmsley 244: 239: 219:Santander Group 177: 166: 162: 158: 146:Santander Group 132: 117:Chief Executive 116: 112: 110: 104: 24: 17: 12: 11: 5: 3023: 3021: 3013: 3012: 3007: 3002: 2997: 2992: 2987: 2982: 2977: 2972: 2962: 2961: 2955: 2954: 2952: 2951: 2940: 2928: 2925: 2924: 2922: 2921: 2916: 2911: 2906: 2901: 2896: 2891: 2886: 2881: 2876: 2871: 2866: 2861: 2856: 2851: 2846: 2841: 2836: 2831: 2826: 2821: 2816: 2811: 2806: 2801: 2796: 2791: 2786: 2781: 2776: 2771: 2766: 2761: 2756: 2751: 2746: 2744:Leamington Spa 2741: 2736: 2731: 2726: 2721: 2716: 2711: 2706: 2701: 2699:Haywards Heath 2696: 2691: 2686: 2681: 2676: 2671: 2666: 2661: 2656: 2651: 2646: 2641: 2636: 2631: 2626: 2624:City of London 2621: 2616: 2611: 2606: 2601: 2596: 2591: 2586: 2581: 2576: 2571: 2566: 2561: 2556: 2551: 2546: 2541: 2536: 2531: 2526: 2521: 2516: 2511: 2506: 2501: 2496: 2491: 2486: 2484:Abbey National 2480: 2477: 2476: 2474: 2473: 2468: 2462: 2459: 2458: 2451: 2449: 2448: 2441: 2434: 2426: 2417: 2416: 2414: 2413: 2407: 2393:Big Four banks 2389: 2386: 2385: 2383: 2382: 2377: 2370: 2363: 2358: 2351: 2346: 2341: 2334: 2327: 2320: 2314: 2312: 2306: 2305: 2303: 2302: 2297: 2296: 2295: 2293:Yorkshire Bank 2290: 2280: 2275: 2270: 2265: 2260: 2255: 2253:Shawbrook Bank 2250: 2245: 2240: 2235: 2230: 2225: 2220: 2215: 2210: 2205: 2200: 2195: 2194: 2193: 2183: 2178: 2173: 2172: 2171: 2166: 2159:AIB Group (UK) 2156: 2151: 2145: 2143: 2139: 2138: 2136: 2135: 2130: 2125: 2120: 2115: 2109: 2107: 2101: 2100: 2098: 2097: 2092: 2087: 2081: 2079: 2075: 2074: 2072: 2071: 2066: 2059: 2053: 2051: 2045: 2044: 2042: 2041: 2036: 2031: 2026: 2019: 2014: 2007: 2001: 1999: 1991: 1990: 1988: 1987: 1982: 1977: 1972: 1966: 1964: 1956: 1955: 1953: 1952: 1947: 1940: 1935: 1929: 1927: 1919: 1918: 1916: 1915: 1908: 1902: 1900: 1892: 1891: 1886: 1883: 1882: 1877: 1875: 1874: 1867: 1860: 1852: 1846: 1845: 1831: 1830: 1814: 1813:External links 1811: 1809: 1808: 1786: 1759: 1733: 1708: 1675: 1643: 1624: 1598: 1571: 1540: 1521: 1502: 1475: 1449: 1426: 1400: 1382: 1364: 1353:. 10 July 2001 1338: 1320: 1302: 1277: 1251: 1231: 1228:. 5 July 1995. 1226:New York Times 1213: 1201: 1170: 1137: 1116: 1080: 1067: 1048: 1039: 1023: 996: 973: 964: 946: 908: 894: 870: 836: 834: 831: 830: 829: 822: 821:, 1958. London 815: 814:, 1965, London 808: 801: 800:, 1990, London 794: 787: 780: 779:, 1935, London 771: 768: 765: 764: 763: 762: 759: 756: 753: 750: 747: 744: 741: 738: 735: 730: 716: 713: 665: 662: 617:Resolution plc 577: 574: 446:Provident Life 440: 437: 400: 397: 359: 356: 350: 347: 336: 333: 299: 296: 264:Richard Cobden 262:and above all 243: 240: 238: 235: 231:FTSE 100 Index 187: 186: 175: 171: 170: 155: 149: 148: 143: 137: 136: 133: 130: 127: 126: 123: 119: 118: 105: 102: 99: 98: 97:United Kingdom 95: 91: 90: 84: 80: 79: 76: 72: 71: 68: 64: 63: 60: 56: 55: 52: 48: 47: 44: 40: 39: 15: 13: 10: 9: 6: 4: 3: 2: 3022: 3011: 3008: 3006: 3003: 3001: 2998: 2996: 2993: 2991: 2988: 2986: 2983: 2981: 2978: 2976: 2973: 2971: 2968: 2967: 2965: 2950: 2945: 2941: 2939: 2930: 2929: 2926: 2920: 2917: 2915: 2912: 2910: 2907: 2905: 2902: 2900: 2897: 2895: 2892: 2890: 2887: 2885: 2882: 2880: 2877: 2875: 2874:Sussex County 2872: 2870: 2867: 2865: 2862: 2860: 2857: 2855: 2852: 2850: 2849:Staffordshire 2847: 2845: 2842: 2840: 2837: 2835: 2832: 2830: 2827: 2825: 2822: 2820: 2817: 2815: 2812: 2810: 2807: 2805: 2802: 2800: 2797: 2795: 2792: 2790: 2787: 2785: 2784:Northern Rock 2782: 2780: 2777: 2775: 2772: 2770: 2767: 2765: 2762: 2760: 2757: 2755: 2752: 2750: 2747: 2745: 2742: 2740: 2737: 2735: 2732: 2730: 2727: 2725: 2724:Kent Reliance 2722: 2720: 2717: 2715: 2712: 2710: 2707: 2705: 2702: 2700: 2697: 2695: 2692: 2690: 2687: 2685: 2682: 2680: 2677: 2675: 2672: 2670: 2667: 2665: 2664:Frome Selwood 2662: 2660: 2657: 2655: 2652: 2650: 2647: 2645: 2642: 2640: 2637: 2635: 2632: 2630: 2627: 2625: 2622: 2620: 2619:City of Derry 2617: 2615: 2612: 2610: 2607: 2605: 2602: 2600: 2597: 2595: 2592: 2590: 2587: 2585: 2582: 2580: 2577: 2575: 2572: 2570: 2567: 2565: 2562: 2560: 2557: 2555: 2552: 2550: 2547: 2545: 2542: 2540: 2537: 2535: 2532: 2530: 2527: 2525: 2522: 2520: 2519:Bedford Crown 2517: 2515: 2512: 2510: 2507: 2505: 2502: 2500: 2497: 2495: 2494:Aid to Thrift 2492: 2490: 2487: 2485: 2482: 2481: 2478: 2472: 2469: 2467: 2464: 2463: 2460: 2455: 2447: 2442: 2440: 2435: 2433: 2428: 2427: 2424: 2412: 2408: 2406: 2403:are shown in 2402: 2401:private banks 2398: 2394: 2391: 2390: 2387: 2381: 2378: 2376: 2375: 2371: 2369: 2368: 2364: 2362: 2359: 2357: 2356: 2355:Duncan Lawrie 2352: 2350: 2347: 2345: 2342: 2340: 2339: 2335: 2333: 2332: 2328: 2326: 2325: 2321: 2319: 2316: 2315: 2313: 2307: 2301: 2300:Wesleyan Bank 2298: 2294: 2291: 2289: 2286: 2285: 2284: 2281: 2279: 2276: 2274: 2271: 2269: 2266: 2264: 2261: 2259: 2256: 2254: 2251: 2249: 2246: 2244: 2241: 2239: 2238:Reliance Bank 2236: 2234: 2231: 2229: 2226: 2224: 2221: 2219: 2218:Kent Reliance 2216: 2214: 2211: 2209: 2208:Handelsbanken 2206: 2204: 2201: 2199: 2196: 2192: 2189: 2188: 2187: 2184: 2182: 2179: 2177: 2174: 2170: 2167: 2165: 2162: 2161: 2160: 2157: 2155: 2152: 2150: 2149:Al Rayan Bank 2147: 2146: 2144: 2140: 2134: 2131: 2129: 2126: 2124: 2123:Starling Bank 2121: 2119: 2116: 2114: 2111: 2110: 2108: 2106: 2102: 2096: 2093: 2091: 2088: 2086: 2083: 2082: 2080: 2076: 2070: 2067: 2065: 2064: 2060: 2058: 2055: 2054: 2052: 2050: 2046: 2040: 2037: 2035: 2032: 2030: 2027: 2025: 2024: 2020: 2018: 2015: 2013: 2012: 2008: 2006: 2003: 2002: 2000: 1998: 1997: 1996:NatWest Group 1992: 1986: 1983: 1981: 1978: 1976: 1973: 1971: 1968: 1967: 1965: 1963: 1962: 1957: 1951: 1948: 1946: 1945: 1941: 1939: 1936: 1934: 1931: 1930: 1928: 1926: 1925: 1924:HSBC Holdings 1920: 1914: 1913: 1909: 1907: 1906:Barclays Bank 1904: 1903: 1901: 1899: 1898: 1893: 1889: 1884: 1880: 1873: 1868: 1866: 1861: 1859: 1854: 1853: 1850: 1844: 1840: 1836: 1833: 1832: 1828: 1817: 1812: 1796: 1790: 1787: 1774: 1770: 1763: 1760: 1748: 1744: 1737: 1734: 1722: 1718: 1712: 1709: 1696: 1692: 1691: 1685: 1679: 1676: 1663: 1659: 1658: 1653: 1647: 1644: 1639: 1635: 1628: 1625: 1612: 1608: 1602: 1599: 1586: 1582: 1575: 1572: 1559: 1555: 1551: 1544: 1541: 1536: 1532: 1525: 1522: 1517: 1516:The Telegraph 1513: 1506: 1503: 1498: 1494: 1493: 1487: 1479: 1476: 1464: 1460: 1453: 1450: 1437: 1430: 1427: 1414: 1410: 1404: 1401: 1396: 1392: 1386: 1383: 1378: 1374: 1368: 1365: 1352: 1348: 1342: 1339: 1334: 1330: 1324: 1321: 1316: 1312: 1306: 1303: 1298: 1294: 1293: 1288: 1281: 1278: 1266: 1262: 1255: 1252: 1247: 1246: 1241: 1235: 1232: 1227: 1223: 1217: 1214: 1210: 1205: 1202: 1189: 1185: 1181: 1174: 1171: 1158: 1154: 1149: 1141: 1138: 1133: 1132: 1127: 1120: 1117: 1104: 1100: 1095: 1087: 1085: 1081: 1077: 1071: 1068: 1064: 1060: 1057: 1052: 1049: 1043: 1040: 1034: 1032: 1030: 1028: 1024: 1011: 1007: 1000: 997: 994: 993:0-304-35385-X 990: 986: 982: 977: 974: 968: 965: 960: 956: 950: 947: 942: 934: 930: 926: 925: 919: 912: 909: 903: 901: 899: 895: 891: 885: 883: 881: 879: 877: 875: 871: 858: 854: 850: 844: 842: 838: 832: 827: 823: 820: 816: 813: 809: 807:,1991, London 806: 802: 799: 795: 792: 788: 785: 781: 778: 774: 773: 769: 760: 757: 754: 751: 748: 745: 742: 739: 736: 733: 732: 731: 728: 724: 723: 714: 712: 710: 704: 702: 698: 693: 689: 687: 686:Milton Keynes 683: 679: 670: 663: 661: 659: 654: 650: 648: 642: 640: 636: 635:HM Government 631: 629: 623: 620: 618: 613: 609: 605: 599: 594: 587: 582: 575: 573: 571: 567: 563: 558: 555: 551: 542: 538: 536: 532: 528: 526: 522: 518: 514: 510: 505: 503: 498: 496: 495:bancassurance 492: 487: 483: 478: 476: 472: 468: 464: 460: 456: 450: 447: 438: 436: 432: 430: 426: 422: 418: 414: 405: 398: 396: 393: 389: 384: 382: 378: 374: 370: 364: 357: 355: 348: 346: 343: 334: 332: 330: 326: 321: 317: 315: 310: 306: 297: 295: 292: 287: 284: 280: 275: 271: 267: 265: 261: 257: 253: 248: 241: 236: 234: 232: 228: 224: 220: 215: 213: 209: 205: 201: 196: 194: 184: 176: 172: 169: 165: 161: 156: 154: 150: 147: 144: 142: 138: 134: 128: 124: 120: 115: 109: 106: 100: 96: 92: 88: 85: 81: 77: 73: 69: 65: 61: 57: 53: 49: 45: 41: 37: 32: 26: 22: 2909:West Cumbria 2844:St Stephen's 2819:Rowley Regis 2669:Gainsborough 2483: 2404: 2396: 2372: 2365: 2353: 2336: 2329: 2322: 2283:Virgin Money 2268:Triodos Bank 2223:Kingdom Bank 2142:Other retail 2069:Santander UK 2061: 2021: 2009: 1994: 1959: 1950:M&S Bank 1942: 1938:HSBC UK Bank 1933:First Direct 1922: 1910: 1895: 1827:Banks portal 1799:. Retrieved 1789: 1777:. Retrieved 1773:the original 1762: 1750:. Retrieved 1736: 1724:. Retrieved 1720: 1711: 1699:. Retrieved 1690:The Guardian 1687: 1678: 1666:. Retrieved 1662:the original 1655: 1646: 1637: 1627: 1615:. Retrieved 1610: 1601: 1589:. Retrieved 1585:the original 1574: 1562:. Retrieved 1558:the original 1553: 1543: 1535:The Guardian 1534: 1524: 1515: 1505: 1490: 1478: 1466:. Retrieved 1462: 1452: 1440:. Retrieved 1429: 1417:. Retrieved 1412: 1403: 1395:The Guardian 1394: 1385: 1376: 1367: 1357:22 September 1355:. Retrieved 1350: 1341: 1332: 1323: 1314: 1305: 1297:the original 1290: 1280: 1268:. Retrieved 1254: 1243: 1234: 1225: 1216: 1204: 1192:. Retrieved 1188:the original 1183: 1173: 1161:. Retrieved 1152: 1140: 1131:The Guardian 1129: 1119: 1107:. Retrieved 1098: 1075: 1070: 1051: 1042: 1014:. Retrieved 1010:the original 999: 980: 976: 967: 958: 949: 922: 911: 889: 861:. Retrieved 852: 825: 818: 811: 810:E J Cleary, 804: 797: 790: 783: 776: 705: 694: 690: 675: 655: 651: 643: 632: 624: 621: 614: 610: 606: 603: 584:Branches of 559: 547: 529: 506: 499: 482:Barings Bank 479: 451: 442: 433: 429:shareholders 410: 385: 365: 361: 352: 341: 338: 322: 318: 301: 288: 276: 272: 268: 249: 245: 227:Santander UK 216: 197: 192: 190: 153:Subsidiaries 94:Headquarters 87:Santander UK 43:Company type 25: 21:Santander UK 2899:Walthamstow 2824:Scarborough 2739:Lancastrian 2649:Dunfermline 2361:J.P. Morgan 2311:and private 2198:Danske Bank 2128:Tandem Bank 2063:Cater Allen 2034:Ulster Bank 1985:Lloyds Bank 1801:1 September 1442:16 February 1419:16 February 1163:27 February 1109:27 February 1004:Santander. 682:Euston Road 680:studios in 658:Cater Allen 570:domain name 509:Porterbrook 486:Nick Leeson 439:Development 417:demutualise 260:Joseph Hume 208:Porterbrook 200:demutualise 168:Cater Allen 2964:Categories 2879:Temperance 2839:St Pancras 2809:Portsmouth 2769:Mornington 2764:Mid Sussex 2759:Mercantile 2654:Eastbourne 2644:Derbyshire 2397:underlined 2380:Weatherbys 2263:Tesco Bank 2228:Metro Bank 2213:Hodge Bank 1726:23 October 1495:. London. 1468:9 November 943:required.) 833:References 752:Supporters 746:Escutcheon 709:Billericay 664:Operations 562:Lloyds TSB 531:Lloyds TSB 335:The Merger 108:Lord Burns 103:Key people 46:Subsidiary 2894:Universal 2889:Tynemouth 2829:Sheffield 2694:Hampshire 2679:Greenwich 2609:Chilterns 2559:Britannia 2203:easyMoney 2154:Aldermore 2113:Atom Bank 1752:3 October 1617:10 August 1537:. London. 1518:. London. 1134:. London. 1016:21 August 697:Bangalore 457:in which 455:a service 204:James Hay 83:Successor 2938:Category 2919:Woolwich 2854:Standard 2834:Shepshed 2729:Ketley's 2684:Guardian 2604:Cheshunt 2599:Cheshire 2574:Catholic 2509:Barnsley 2273:TSB Bank 2169:AIB (NI) 1897:Barclays 1779:20 March 1747:The News 1695:Archived 1668:17 March 1611:BBC News 1591:20 March 1564:20 March 1497:Archived 1377:BBC News 1351:BBC News 1333:BBC News 1315:BBC News 1270:20 March 1194:20 March 1157:Archived 1103:Archived 1078:. London 1059:Archived 987:, 2005, 857:Archived 853:BBC News 373:Knowsley 122:Products 111:Chairman 51:Industry 2814:Regency 2804:Portman 2799:Peckham 2734:Lambeth 2689:Halifax 2674:Gateway 2594:Chesham 2584:Chelsea 2579:Century 2564:Burnley 2524:Bexhill 2514:Bedford 2452:Former 2405:italics 2233:Paragon 2005:NatWest 1980:Halifax 1841:of the 1837:in the 1701:24 June 1184:M&A 770:Sources 525:GUS plc 497:model. 237:History 174:Website 67:Defunct 59:Founded 2949:Portal 2947:  2936:  2904:Wessex 2869:Surrey 2709:Hendon 2539:Bolton 2504:Anglia 2057:Cahoot 991:  937: 863:23 May 212:Cahoot 181:.abbey 164:Cahoot 141:Parent 135:20,000 2191:Smile 2181:Chase 2118:Monzo 758:Motto 740:Crest 734:Notes 550:Enron 511:from 2399:and 2395:are 2133:Zopa 1803:2024 1781:2010 1754:2010 1728:2020 1703:2009 1670:2013 1619:2009 1593:2010 1566:2010 1470:2020 1444:2015 1421:2015 1359:2013 1272:2010 1196:2010 1165:2020 1111:2020 1018:2015 989:ISBN 865:2009 715:Arms 701:Pune 699:and 656:The 471:SIPP 467:PEPs 463:ISAs 459:IFAs 390:and 191:The 183:.com 75:Fate 70:2010 62:1944 2864:Sun 1843:ZBW 929:doi 475:FSA 415:to 314:WWI 291:WW1 254:as 252:MPs 179:www 89:Plc 2966:: 1745:. 1719:. 1686:. 1654:. 1636:. 1609:. 1552:. 1533:. 1514:. 1489:. 1461:. 1411:. 1393:. 1375:. 1349:. 1331:. 1313:. 1289:. 1263:. 1242:. 1224:. 1182:. 1151:. 1128:. 1097:. 1083:^ 1026:^ 957:. 921:. 897:^ 873:^ 851:. 840:^ 649:. 465:, 258:, 233:. 2445:e 2438:t 2431:v 1871:e 1864:t 1857:v 1805:. 1783:. 1756:. 1730:. 1705:. 1672:. 1640:. 1621:. 1595:. 1568:. 1472:. 1446:. 1423:. 1361:. 1274:. 1198:. 1167:. 1113:. 1020:. 961:. 935:. 931:: 867:. 307:( 23:.

Index

Santander UK

Santander UK
Lord Burns
AntĂłnio Horta OsĂłrio
Parent
Santander Group
Subsidiaries
Abbey International
Cahoot
Cater Allen
www.abbey.com
demutualise
James Hay
Porterbrook
Cahoot
Santander Group
Bradford & Bingley
Santander UK
FTSE 100 Index
MPs
Joshua Walmsley
Joseph Hume
Richard Cobden
Building Societies Act 1874
City of Glasgow Bank
WW1
Building Societies Act 1874
37 & 38 Vict.
WWI

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