Belfast Telegraph

Santander feels squeeze on rates

Eurozone woes squeezed Santander's UK profits this year as it had to offer better deposit rates to tempt savers, the bank said.

Santander, with 25,000 staff in the UK, acted to counter savings outflows in May and June last year amid jitters over the nationalisation of Spain's Bankia and a bailout for Spain's struggling banking system.

Belfast Telegraph

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