EU clears Banco Santander takeover of British bank
Brussels - The European Commission on Tuesday cleared the proposed takeover of Alliance & Leicester (A&L), a British bank, by Spains Banco Santander after concluding that the deal would not harm consumers. The decision in Brussels came just hours be...

[ Published on : Tue, 16 Sep 2008 11:09 ]

Britain nationalizes lender in latest rescue bid - Summary
London - The British government Monday averted another direct blow to the crisis-hit banking sector by nationalizing one of the countrys major mortgage lenders and selling its savings business to Spanish banking giant Santander. In a deal hammered o...

[ Published on : Thu, 02 Oct 2008 13:33 ]