Santander

Britain risks a "public debt spiral" unless the Government takes "drastic" action to slash its deficit, according to the Organisation for Economic Co-operation and Development.

Leading structured product providers and distributors have created the UK Structured Products Association in a bid to give a unified voice to an industry that has come under fire in recent years.

Santander has noted the positive contribution of both Bradford & Bingley (B&B) and Alliance & Leicester (A&L) to its Q3 profits.

Santander has revealed its £898m UK Growth and £148m UK Equity Income funds will be two of the first funds from its range it will promote to the IFA market in the first half of next year.

Aegon CEO Otto Thoresen will this week join 24 other cyclists in a 10-day 1,000-mile bike ride to raise £100,000 for charity.

John Deane talks to Paul Robertson on management of a multi brand proposition, mutuality and the ever present protection gap.

Lloyds Banking Group retained the top mortgage lender spot last year with a 30.3% share of the market, compared to 28.2% in 2007, Council of Mortgage Lenders figures show.

Abbey and Alliance & Leicester has become the second biggest mortgage bank in the UK by claiming a 16.3% share of gross mortgage lending in the first half of 2009.

Spanish banking giant Santander is to rebrand its UK high street brands, with Abbey, Alliance & Leicester (A&L) and Bradford & Bingley (B&B) all to become known as Santander by the end of 2010.

Spanish banking giant Banco Santander says it now has a 13% share of the UK mortgage market following a series of high-profile acquisitions in 2008.