Banco Santander has strengthened its grip on Abbey as the UK banking group has announced plans to rebrand using BS's flaming logo.
The change has already been implemented on Abbey’s corporate website, although its customer-facing front-end retains the existing Abbey logo for now. Literature and branches will be rebranded through 2005, with a target of overhauling a third (250) branches before the end of the year. Such reforms will bring Abbey in line with BS’ operations in some 40 markets worldwide. Along with the branding change, Abbey has also announced improved overall statutory profits of £273m in its interim results for 2004 published today, against a loss of £686m reported for 2003, despite some cuts to ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes