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Banco Santander And The Acquisition Of Abn Amro

Banco Santander And The Acquisition Of Abn Amro And Abbey National

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Title: Banco Santander And The Acquisition Of Abn Amro And Abbey National

Essay Details:

Subject: Business

Author: Gary B

Date: September 22, 2015

Level: University

Grade: A

Length: 10 / 2810

Essay text:

Abbey National Abbey is the sixth largest bank of the United Kingdom, with a leading position in the United Kingdom mortgage market, a well-built distribution network, an established brand and a wide portfolio of clients. In 2004, the bank was acquired by Banco Santander for EUR 15,6 billion and became a wholly-owned subsidiary of Grupo Santander. The two main business divisions are ‘Personal Financial Services’ and the ‘Portfolio Business Unit’. The ‘Personal Financial Services’ consists of three components: the ‘UK Retail Banking’ which provides residential mortgages, savings products, personal banking services, travellers' cheques, foreign currency and general insurance...

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