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Santander says it is not interested in HBOS

Santander chief executive Alfredo Saenz says he is not interested in buying HBOS, according to reports.

Speculation mounted after media reports last week suggested that JP Morgan had talked to Santander about a break-up bid of the British bank.

In a statement to journalists today in Madrid, Saenz said: “We are not interested in HBOS. We have what we want. We are very happy with Abbey, and A&L fits in to that well.

“If the offer is successful we will be facing an integration period ahead.”


Wrap to take 60 percent of business

Nucleus chief executive David Ferguson predicts that over 60 per cent of life, pension and investment business will be transacted on platforms by 2012.

Dreaming of dividends

Recent meetings at Martin Currie have focused on the big issues of our times – stagflation, monetary policy, banking crisis and recession. I often find that my mind is wandering and my eyes are staring out of the window. When that happens, I try and focus on what really matters for investors. No matter what the topic of discussion, my colleagues know what I am thinking about – dividends.


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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