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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.”

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