Santander’s crypto exchange ban leaves no room for nuance
Santander’s announcement follows clear anti-crypto trend among British banks
Company
LON:BNC
The Santander Group is a Spanish banking group centred on Banco Santander SA. As its name suggests, the company originated in Santander, Cantabria, Spain. It has a British arm, Santander UK Group Holdings Plc, built around the acquisitions of Abbey National in 2004, Alliance & Leicester in 2008 and Bradford & Bingley in 2010.
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Santander’s announcement follows clear anti-crypto trend among British banks
A UK Government report in April this year also highlighted how APP 'increased both in value and volume'
No significant deterioration in credit quality despite rising living costs, bank says
Following today’s announcement, the bank said there would be no further branch closures
In the UK, underlying profit was €1.57bn last year, a four-fold rise on 2020
The world's second most valuable crypto was trading at around US$2,700 on Thursday morning after hitting a record price of US$2,274 on Wednesday night
Net interest income was up 4% after a stronger second half, with a price hike for its current account and other deposits offsetting base rate cuts and mortgage market pressure
Underlying profit in the UK fell by 62% to €318mln
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