Major UK banking chain’s profits slump by shock 44% after setting aside £633 million for car finance mis-selling scandal
PRE-TAX profits at Santander UK plunged by 44 per cent to £202million in the first quarter of the year. It is partly due to setting aside a further £179million for vehicle finance mis-selling — taking the bank’s total provision for the scandal to £633million. The high street lender, which partnered with TV duo Ant and...
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