Operations
The four business sectors were mortgage lending and investments, personal banking, commercial banking and treasury.
The Santander Group provides general insurance, life assurance, unit trusts, personal current accounts and credit cards, asset financing and commercial lending. Its main retail business is in the United Kingdom concentrating on mortgage loans, current accounts, savings and personal loans. The Group is also endeavouring to expand its commercial operations through Alliance & Leicester Commercial Bank.
A&L provided retail credit cards through a partnership with MBNA until it was bought by Grupo Santander. Cards were subsequently reissued with MBNA branding, while Alliance & Leicester began solely providing Santander branded credit cards, provided by Santander Cards Limited. Selected investment products were also provided, together with those from Legal & General, which the bank had a partnership with.
Alliance & Leicester operated an international subsidiary based on the Isle of Man, which passed to Santander UK.
Read more about this topic: Alliance & Leicester
Famous quotes containing the word operations:
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)
“There is a patent office at the seat of government of the universe, whose managers are as much interested in the dispersion of seeds as anybody at Washington can be, and their operations are infinitely more extensive and regular.”
—Henry David Thoreau (1817–1862)
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)