Santander bins advice arm amid FSA probe

March 2013
Daily Mail;3/29/2013, p79
SANTANDER is shutting down its investment advice arm as it faces an investigation from the City watchdog.


Related Articles

  • Santander's strategic review focuses on future of investment advice arm.  // Money Marketing;2/21/2013, p16 

    The article reports that Santander is reviewing its investment advice arm in Great Britain. The bank could consider pulling out of investment advice, affecting 880 jobs. The Financial Services Authority (FSA) is said to be investigating Santander following a mystery shopping exercise about the...

  • Advisers believe Santander advice review was "inevitable". Holt, Natalie // Money Marketing (Online Edition);2/21/2013, p53 

    The article focuses on the plans of Santander Bancorp to review its investment advice offering in Great Britain. According to Santander, banks focus on mass market advice targeting high-net-worth customers. It mentions that Santander related to Financial Services Authority (FSA) is focused on...

  • Advisers believe that Santander's strategic review was 'inevitable'. Holt, Natalie // Money Marketing;2/21/2013, p17 

    The article reports on the views of advisers that Santander's strategic review of its investment advice arm in Great Britain was inevitable. The bank has suspended its investment advice service in December 2012. Advisers predict that Santander could pull out of investment advice for the mass...

  • SAUDI PRINCE CALLS REFORMS AMID REGIONAL UNREST.  // Middle East Reporter (Daily Edition);2/18/2011, Vol. 195 Issue 5039, p1 

    The article reports on the advice of Saudi Arabia Prince Talal bin Abdul-Aziz that King Abdullah should bring major changes amid regional unrest.

  • Santander FSA fine: How other structured firms' wording compared. Holt, Natalie // Money Marketing (Online Edition);3/5/2012, p20 

    The article reports on the fine imposed on Santander Bancorp by the British Financial Services Authority (FSA) for Santander's failure to explain to customers the limitations in FSCS cover for its guaranteed capital plus product and its guaranteed growth plan. FSCS cover was available for the...

  • Mystery shop forces retraining of advisers and past business reviews.  // Money Marketing;2/21/2013, p18 

    The article reports that the British Financial Services Authority's (FSA) mystery shopping exercise has revealed poor investment advice by banks in Great Britain. Following the mystery shopping exercise, banks and building societies were forced to perform past business reviews and to retrain...

  • Redundancy fears as 800 Santander investment advisers face crunch meeting. Dale, Samuel // Fundweb;2/8/2013, p4 

    The article reports on the predicament of around 800 investment advisors of Santander Bancorp amid fears of redundancy. The bank suspended a number of investment advisers since December 7, 2012 for failing to meet the retail distribution review (RDR) suitability and requirements. Santander...

  • Shriti Vadera to Chair Santander U.K.  // News India Times;12/26/2014, Vol. 45 Issue 52, p20 

    The article announces that Shriti Vadera was appointed chairman of the British arm of Santander Bank.

  • AWD rules out restricted advice and looks to buy. Salih, Chris // Money Marketing;11/25/2010, p96 

    The article reports on the decision of the company AWD Chase de Vere that it will not look to add a restricted advice arm after the retail distribution review of the Financial Services Authority (FSA) in Great Britain.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics