Santander

Some of the UK's biggest high street banks are failing to give the right advice to customers on transferring and managing their cash Isas, according to the results of a 'mystery shopping' exercise.

More than 20 fund management groups are to set to make a formal offer to buy 315 Royal Bank of Scotland (RBS) branches, the Sunday Times reports.

Yorkshire and Clydesdale have confirmed that they will be joining a host of other high street banks to exit the advice market.

True Potential Wealth Management has said it is offering a "new future" to bank advisers who have found themselves out of a job as a result of changes brought on by the Retail Distribution Review (RDR) and the overall downsizing of the market.

Santander is closing its advice service to new business in light of changes brought on by the Retail Distribution Review (RDR).

Santander's British arm is being investigated by the Financial Services Authority (FSA) for possible breaches in the quality of its investment advice, industry sources told Reuters.

Santander is to suspend its team of 800 advisers while they undergo an intensive training programme to ensure they are fully skilled for the Retail Distribution Review (RDR).

An IFA has helped a couple win compensation from high street bank Santander after the bank was unable to tell the clients how many accounts they had or how much money they had invested.

The government is considering nationalising the 316 Royal Bank of Scotland (RBS) branches currently up for sale with a view to creating a new business lender, the Sunday Times reports.

Cater Allen has launched an 'Retail Distribution Review (RDR)-ready' structured deposit plan, offering 100% participation in FTSE 100 growth, capped at 26%.