All the updated news related to mike regnier

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City

Santander boosted by interest rate hikes but braces for mortgage hit

Banking giant Santander has seen its profits boosted by higher interest returns but cautioned that rates could peak at 6% in 2024 if inflation remains stubbornly high. The Spanish retail bank reported pre-tax profits of £1.5 billion for the nine ...

26 Oct 2022 at 11:59

City

Santander braces for 10% plunge in house prices and rising borrower defaults

High street lender Santander has warned house prices are set to tumble back to 2021 levels, and set aside more cash for bad debts as it braces itself for a possible rise in borrowers falling behind with repayments. The Spanish-owned group is ...

02 Feb 2023 at 15:25

City

Santander warns over stalling mortgage market and weaker consumer spending

Santander UK has recorded a jump in its profits and income despite warning over a weaker housing market and inflation continuing to hit householders who face “difficult decisions” in the months ahead. The bank made a pre-tax profit of £547 ...

25 Apr 2023 at 09:53

City

Santander sees profits boosted but prepares for cost-of-living loan hit

High demand for mortgage lending has helped boost profits for Santander, but the UK banking giant set aside more than £100 million to cover loan defaults amid the cost-of-living crisis. The Spanish-owned bank reported that its profit ...

28 Jul 2022 at 13:42

City

Santander UK profits rise, but bank sees more borrowers under stress

Santander UK has notched up a rise in annual profits after being boosted by higher interest rates, but flagged rising numbers of borrowers falling behind with repayments. The Spanish-owned bank said it is seeing a “modest” increase ...

31 Jan 2024 at 11:34

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