Whoa big news just after I write about Spanish banks. Santander is buying Alliance and Leicester. That fits with Santander’s other UK operation – Abbey National. So I shouldn’t be surprised. Santander is a bank with funding problems – as is A&L. The funding issues however are reflected in A&Ls share price. A&L has been for sale for a long time – and Credit Agricole didn’t confirm the rumours by buying them at 12 pounds. 3 pounds (the Santander price) is a long way down.
Santander buying Alliance & Leicester
Santander buying Alliance & Leicester
Santander buying Alliance & Leicester
Whoa big news just after I write about Spanish banks. Santander is buying Alliance and Leicester. That fits with Santander’s other UK operation – Abbey National. So I shouldn’t be surprised. Santander is a bank with funding problems – as is A&L. The funding issues however are reflected in A&Ls share price. A&L has been for sale for a long time – and Credit Agricole didn’t confirm the rumours by buying them at 12 pounds. 3 pounds (the Santander price) is a long way down.