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Topic: Abbey (bank)


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In the News (Sat 26 Jul 08)

  
  Abbey (bank) - Wikipedia, the free encyclopedia
Abbey is the United Kingdom's sixth biggest bank, and Europe's second largest mortgage lender, after Halifax (part of the HBOS Group).
As a result and due to the banks efforts to do the same in the past, the bank became a corporate member of the Plain English Campaign and was rewarded with its Crystal mark for clarity.
Abbey National plc was delisted and removed from the FTSE 100 Index on 12 November 2004 at close of trading, having successfully completed the takeover by the Spanish bank.
en.wikipedia.org /wiki/Abbey_(bank)   (1078 words)

  
 CNN.com - Abbey National seeks shareholders' support ahead of Lloyds' bid decision - Feb. 14, 2001
Abbey is seeking a friendly merger with Bank of Scotland, but Chief Executive Ian Harley indicated to CNN those talks have stalled while the bank resolves the Lloyds issue.
Abbey said full-year net income rose to £1.37 billion, or 92.8 pence a share, from £1.26 billion, or 85.5 pence a share, a year ago.
Abbey National said more than half of its profits had come from businesses other than mortgages and savings, including wholesale banking, where profits were up 37 percent, and life assurance, which produced a 29 percent profit increase.
cnnstudentnews.cnn.com /2001/BUSINESS/02/14/abbey   (532 words)

  
 Threat to 3000 Abbey jobs in takeover battle - Evening Times   (Site not responding. Last check: 2007-11-06)
SCOTS workers with the Abbey bank have been warned of a major jobs purge if it is taken over by a Spanish rival.
Abbey workers north of the border and especially at its Scottish HQ in Glasgow were today fearing for their jobs after Spanish executives at SCH announced they would slash 11.5% of posts at the UK bank to cut costs.
In January, Abbey said it was moving 900 staff from Edinburgh to Glasgow in a move to focus operations in a smaller number of centres.
www.eveningtimes.co.uk /print/news/5029884.shtml   (530 words)

  
 Abbey National Offshore Bank
Abbey National Offshore has been providing offshore banking services for many years and their success has been built on the level of personal services that they have been able to give their customers.
All deposits are fully and unconditionally guaranteed by their parent, Abbey National plc, one of the worlds strongest banking groups.
The flagship service is the Abbey National Gold Account which is available in Sterling, US Dollars and Euro.
www.offshoreinvestment.org /abbey_national_offshore.htm   (209 words)

  
 Jobs at Abbey   (Site not responding. Last check: 2007-11-06)
Abbey is more than just one of the UK’s leading personal financial services organisations; now, we are also part of Grupo Santander, the world’s ninth largest bank, serving 63 million customers in 40 countries.
This means a bank that helps people get on top of their money, cuts through the jargon and takes the mystery out of finance.
But in return we'll make Abbey a place you'll love to stay and be proud to be a part of.
www.jobsatabbey.com   (204 words)

  
 About Abbey | Press Releases   (Site not responding. Last check: 2007-11-06)
In order to save some of the extra cash required, Abbey recommends new parents utilise pregnancy time to save as much as possible to ensure they are prepared for at least the basics.
Alexia Kilby, Abbey’s Head of Savings Marketing said: “Having a new child is a very exciting time for first time parents, but they often underestimate the true cost of their bundle of joy.
Abbey has a range of accounts suitable for parents-to-be to save for their new arrival, whether they want instant access, tax free savings or accounts specifically for children.
www.abbeynational.com /media_centre-press_releases?id=9610   (620 words)

  
 Scotsman.com News - Halifax Bank of Scotland   (Site not responding. Last check: 2007-11-06)
Research from the Bank of Scotland highlighted that official interest rates in the UK and the US are now level for the first time in five years, with both the Bank of England base rate and the Federal Funds rate standing at 4.5 per cent.
BANK of Scotland is to take a minority stake in Stoke-based ceramics firm Steelite International...
BANKING group HBOS threw down the gauntlet to the Irish Republic's two dominant banks yesterday by...
news.scotsman.com /topics.cfm?tid=497&id=1086462004   (475 words)

  
 Oligopoly Watch
In what would be the biggest cross-border bank merger in Europe, Banco Santander Central Hispano of Spain has announced a deal to acquire Abbey National Bank in the UK.
Banco Santander is the #1 bank in Spain, while Abbey National is #6 in the UK and #2 in mortgages in that country.
Abbey has been the object of a number of suitors, including British Lloyd's TSB, the Bank of Ireland, and National Australia Bank.
www.oligopolywatch.com /2004/07/26.html   (477 words)

  
 Siebel Systems - Press Releases - 2002 - Abbey National Retail Bank Selects Siebel Business Applications   (Site not responding. Last check: 2007-11-06)
Abbey National plc is the UK's sixth largest banking group as measured by assets.
Abbey National plc and its subsidiaries offer a comprehensive range of personal financial services, including savings and investments, mortgages, banking, pensions, unit trusts, life and general insurance products, as well as secured and unsecured lending.
Abbey National has retail operations in France and Italy and offshore operations in Jersey, the Isle of Man, Gibraltar, Portugal, Hong Kong, and Dubai.
www.siebel.com /news-events/press_releases/2002/020409_abbey.shtm   (956 words)

  
 Lloyds shares drop after Abbey rejects second offer - Dec. 13, 2000
Abbey, Britain's second-biggest mortgage lender, said Tuesday after the market close it had rejected the offer of 1.5 Lloyds shares and 260 pence in cash for every Abbey share.
Abbey (ANL) shares were down 2 percent at 1,156 pence while Bank of Scotland (BSCT) was 0.4 percent lower at 695 pence.
Barclays PLC (BARC) bought rival Woolwich for £5.4 billion in August and Royal Bank of Scotland (RBOS) is in the process of integrating National Westminster, which it bought for £21 billion in February after beating out the challenge of Bank of Scotland to acquire the London-based bank.
money.cnn.com /2000/12/13/europe/lloyds_abbey   (724 words)

  
 deseretnews.com | Spain's largest bank buys Britain's Abbey National
Abbey chief executive Luqman Arnold said the Spanish bank would provide the company with the "know-how" to accelerate the turnaround strategy he started about 18 months ago.
Abbey lost nearly $3 billion in 2002 and 2003 before becoming profitable this year.
Abbey's share price has fluctuated widely in recent months as takeover rumors have swirled through the markets.
deseretnews.com /dn/view/0,1249,595079958,00.html   (181 words)

  
 CNN.com - Abbey National buys phone bank - May 14, 2001
The deal boosts Abbey's market share of the premier banking sector -- catering for clients with incomes between 30,000 and 100,000 pounds a year -- to 16 percent from three percent.
Shares in Abbey National, which is currently subject of a hostile bid from banking giant Lloyds TSB Group Plc (LLOY), were up nine pence or 0.7 percent at 1,295p at 0720 GMT.
Abbey National (ABY) said it expected the combined business to grow deposits rapidly over the next few years.
cnnstudentnews.cnn.com /2001/BUSINESS/05/14/abbey.reut   (291 words)

  
 Lloyds TSB makes informal offer of $29 billion for Abbey National - Jan. 31, 2001
Abbey is still in talks regarding a friendly deal with Bank of Scotland, some seven months after initial contact.
Abbey National said it hasn't reached an agreement with the Bank of Scotland partly because of Lloyds' continued interference.
Gerrard's Wood-Smith believes the Bank of Scotland "could be left at the altar again" after its plans to merge with National Westminster Bank were scuppered by the Royal Bank of Scotland last year.
money.cnn.com /2001/01/31/europe/lloyds_abbey   (783 words)

  
 CNN.com - Spain's SCH to buy Abbey National - Jul 26, 2004
"Abbey National plc confirms that it has reached agreement with Banco Santander on the terms of a recommended cash and shares offer to be made for the whole of its ordinary share capital," the London-based bank said in a statement released to the London Stock Exchange.
Abbey shares were down 5.3 percent at 548-1/4 pence in mid-morning trading Monday in London.
Three years ago, domestic rival Lloyds TSB made a bid for Abbey, but was blocked by regulators because the combined bank's dominance would have violated competition rules.
www.cnn.com /2004/BUSINESS/07/26/abbey.national   (492 words)

  
 BBC NEWS | Business | Spanish bank confirms Abbey talks
The approach from SCH is not the first that Abbey has seen - back in 2001, Lloyds TSB attempted an £18bn bid for Abbey which was eventually blocked on competition grounds.
Recently Abbey has tried to revive its fortunes after struggling to return to profits over the last two years - following a disastrous foray into corporate banking - triggering rumours that it was ripe for a takeover approach.
In April, Abbey said it was on track to return to profit this year after posting a loss of £686m in 2003.
news.bbc.co.uk /1/hi/business/3920263.stm   (405 words)

  
 Oligopoly Watch
Two of Japan's largest banks, #2 Mitsubishi Tokyo Financial and #3 Sumitomo Mitsui Banking are fighting to merge with #4 UFJ Holdings.
While it was generally considered that Spain's Banco Santander's acquisition of the UK's #6 bank, Abbey National, was a done deal, British banker HBOS indicated that it might make a counter-offer.
Banks like Citigroup and Bank of America are looking abroad, and they have the funds.
www.oligopolywatch.com /2004/08/02.html   (628 words)

  
 BBC News | BUSINESS | Abbey launches internet bank
Abbey said cahoot, available on PCs and mobile phones, aimed to be more than just a bank, and had already identified partners outside financial services, including Belfast-based BlackStar for videos, Swedish online retailer Boxman for CDs, Thomas Cook for travel and Dell for computers.
Abbey's move comes as UK financial services groups rush to set up stand-alone internet banks to compete with start ups such as First-e and Egg.
"The problem with Abbey National is it's not large enough to actively compete with the likes of Lloyds TSB to acquire customers on the internet, but at the same time it doesn't have a small niche business," said Geoff Miller of Exeter Asset Management.
news.bbc.co.uk /hi/english/business/newsid_646000/646141.stm   (460 words)

  
 Abbey - Bank Account calculator   (Site not responding. Last check: 2007-11-06)
The Abbey account is available subject to status and is not available to persons under the age of 18.
Abbey National plc, which is authorised and regulated by the Financial Services Authority only advises on its own Life Assurance, Pension, Mortgages and Collective Investment Scheme products and acts as an Insurance Intermediary for General Insurance.
Abbey and the flame logo are registered trademarks.
www.abbey.com /index/cash/current_accounts_index/anba_calculator.htm   (313 words)

  
 Abbey IT staff fearful as bank cuts 1,000 more jobs - BPO - Breaking Business and Technology News at silicon.com
IT staff at high street bank Abbey are bracing themselves for more job cuts after the company announced that a further 1,000 jobs will be lost before the end of the year.
Spanish banking group Santander bought Abbey last year for £8.5bn and initially said the number of job cuts this year would be 3,000.
Abbey's former CIO Bill Gibbons was one of those already affected by the restructuring, leaving the company in March.
services.silicon.com /bpo/0,3800004865,39130306,00.htm   (672 words)

  
 CNN.com - Abbey National calls off merger talks with Bank of Scotland - Feb. 28, 2001
LONDON (CNN) - Abbey National called off merger talks with the Bank of Scotland on Wednesday, setting the stage for Lloyds TSB's takeover fight for the bank.
Abbey National (ANL) shares ended up 3.4 percent at 1,167 pence, Bank of Scotland (BSCT) finished up 2.3 percent at 760 pence and Lloyds TSB (LLOY) rose 1.2 percent to close at 657 pence.
Lloyds has said the merger will lead to an additional contribution to pretax profit from sales and cost savings of £950 million a year, of which £900 million a year is expected to be achieved by the fourth quarter of 2005.
edition.cnn.com /2001/BUSINESS/02/28/abbey   (405 words)

  
 Abbey Bank   (Site not responding. Last check: 2007-11-06)
The Abbey is easy to find, it is in the High Street, conveniently located at a pedestrian crossing, opposite MandS Simply Food.
Customers of several UK banks have recently been the target of a fraud that uses "spoof" emails to encourage customers to enter their card or security details into a counterfeit copy of their website.
Abbey will never send you an email asking you to enter, reconfirm or change your security details.
www.princeofwalesweybridge.co.uk /aaw/abbey.htm   (194 words)

  
 Abbey Bank computers glitched out
COMPUTERS at the Abbey Bank are going through a period of introspection and angst with the firm struggling to get all systems going again.
But when he called yesterday, Abbey's call centre said there were still computer problems, but payments would be backdated to the right date.
Another recorded message this morning we listened to on its 0845 7654321 number said that ATM and spoken balances may still not be correct, and Abbey is working on fixing the problems.
www.theinquirer.net /?article=25469   (218 words)

  
 Abbey National Bank Mortgages   (Site not responding. Last check: 2007-11-06)
Learning as much as possible about the basics of banking is a great way to create smart financial habits that will last a lifetime.
And interest rates for bank of america personal loans by visiting our Web site, you've taken the first step.
However, you can keep the account open and withdraw the full amount first national bank pa of the remaining balance.
prahov05.lf3h.com /abbey/national-bank-mortgages.html   (524 words)

  
 CIOL : News : UK bank reviews Indian outsourcing center   (Site not responding. Last check: 2007-11-06)
LONDON: UK bank Abbey is reviewing its outsourcing arrangements in India, where it has around 1,000 staff mainly dealing with administrative tasks and customer queries, a spokesman said on Wednesday.
Abbey's outsourcing partners in India are ITC Infotech and MsourcE, the call centre subsidiary of Mphasis.
A spokeswoman for Abbey's staff union said she would be delighted if the bank switched the Indian jobs back to the UK.
www.ciol.com /content/news/2005/105102702.asp   (421 words)

  
 Abbey National plc information and related industry information from Hoover's
The bank's focus on worldly things pays off in its position as the UK's #2 mortgage lender behind HBOS.
The bank and its subsidiaries provide retail, commercial, and wholesale banking; wealth management; retirement planning; and life insurance.
As part of an effort to redefine itself, Abbey National shortened its brand name to just "Abbey." But that's not the biggest change the bank has faced -- Spain's Santander Central Hispano bought Abbey National in late 2004.
www.hoovers.com /abbey-national/--ID__90007--/free-co-factsheet.xhtml   (411 words)

  
 JS Online: Australian Bank Seeks Abbey Buyout
The disclosure came a day after Abbey, a major mortgage lender, rejected a takeover approach from the Bank of Ireland, Ireland's biggest bank.
National Australia Bank said in a statement it had spoken to the board of Abbey, Britain's sixth largest bank, about an offer but that the discussions ``did not result in any agreement and have now ceased.''
Abbey shares were up 5.0 percent at 582 pence ($9.02) in midday trading in London.
www.jsonline.com /bym/news/ap/oct02/ap-national-austra101002.asp   (221 words)

  
 Abbey's free day to day business banking forever
Abbey's free day to day business banking forever
Many of our competitors business bank accounts are only free for a short time, or require a minimum balance.
Abbey is a registered trademark of Abbey National plc.
www.anbusiness.com   (100 words)

  
 Bristol & West. Addeva - UK Business & Personal Finance Directory   (Site not responding. Last check: 2007-11-06)
They provide products and services to meet personal and business banking needs to compete with other banks, building socie
Its parent company, the Bank of Ireland, provides a broad range of financial product services throughout Ireland and the United Kingdom.
The Bank of Ireland acquired Bristol & West, in July 1997, and also operates fund management services in Germany, Australia, Canada, Japan and the United States.
www.addeva.co.uk /personal/partners_and_products/bristol_and_west.aspx   (224 words)

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