Motorists and road users who had cars between 2007 and 2021 on car finance could be owed £1,100 payouts, it is estimated.

KBRA assigns preliminary ratings to three classes of notes issued by Santander Drive Auto Receivables Trust 2024-S3 ("SDART 2024-S3"), a re-securitization of a portion of the Class D notes (the ...

Banco Santander SA’s frustrations with its British business are piling up, with job cuts and an expensive car finance review ...

The Financial Conduct Authority also said it was preparing to give lenders more time to deal with an expected flurry of ...

The UK auto ABS market is on high alert after a Court of Appeal ruling that means car finance customers could be owed ...

The ongoing motor finance crisis is unlikely to be as big as the PPI scandal but banks' credit ratings could still be downgraded. That is according to ...

Banks face the threat of a new £18bn class action lawsuit linked to PPI, deepening a crisis in the industry as it confronts a separate motor finance mis-selling scandal set to cost lenders billions.

Banco Santander announced its quarterly results on October 29 but Santander UK delayed releasing its own. The holdup was the ...

MADRID/NEW YORK (Reuters) - Spain's Santander launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending assets and broaden its retail ...

It came as Santander’s UK division has delayed the publication of its latest financial results to consider the impact of a major court decision on car finance commission. The motor finance industry is ...

LONDON: Banco Santander SA’s frustrations with its British business are piling up, with job cuts and an expensive car finance review last week just the latest headaches for executives as they ...

Santander has over $45 billion in retail deposits at its 409-strong U.S. branch network, mainly in nine states in the northeast, and over $60 billion for auto-related loans. "We have north of $30 ...