Car finance fears wipe £1.9bn off Santander UK - latest updates
Published 29 October 2024
Nearly £1.9bn was wiped off the value of Santander after the UK arm of the Spanish bank delayed its third quarter results as it assesses the impact of a landmark court ruling about the historic “mis-selling” of motor finance loans.
The Madrid-based lender’s London-listed shares were down as much as 3.1pc after the decision to postpone its UK results.
Santander said it “disagrees with the conclusions” reached by the Court of Appeal,