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Money laundering warning with over half of money mule accounts held by under 30s
money mule accounts were held in accounts by people aged under 20. People aged 19 and under accounted for more money mule accounts (21%) than everybody aged 50 and over combined (9%).The other age groups with the most money mule accounts were ... People aged 30 and under account hold more than half (55%) of all money mule accounts. Under 1% of money mule accounts were held by people aged 70 and over, while people aged between 60 to 70 accounted for just 2%. Dave Lowe, Head of Fraud
https://www.santander.co.uk/about-santander/media-centre/press-releases/money-laundering-warning-with-over-half-of-money-muleSantander changes mortgage and savings rates following Bank of England base rate announcement
loans to UK businesses linked to the base rate will move in line with the change and in accordance with the terms of the deal. New rates will become effective from 1 December. The 1|2|3 Current Account – will continue ... balances well above that of most current accounts, the 1|2|3 Current Account represents great value for millions of our customers seeking the flexibility of instant access money. In addition, Santander has some good value new business savings products – including the Regular eSaver
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-changes-mortgage-and-savings-rates-followingSparkling future ahead for Gemporia Partnership following funding from Santander UK
shopping broadcaster with a £30m funding package The funding supports Gemporia Partnership’s international business activities, repayment of existing facilities and continued business growth Santander UK is supporting gemstone jewellery, craft retailer and TV shopping broadcaster Gemporia Partnership with a funding package ... sale of Gemporia Partnership to an Employee Ownership Trust1 in 2017. The funding enables the business to focus on future growth and maximise value for its employees. The business has also moved its day-to-day banking to Santander UK, which is additionally providing
https://www.santander.co.uk/about-santander/media-centre/press-releases/sparkling-future-ahead-for-gemporia-partnershipSantander supercharges student account with launch of £100,000 cash prize draw
year of university must switch an account from another provider as part of their application for the Santander Edge Student current account. Account eligibility applies The prize draw is not open to existing Santander Edge Student account holders. Santander ... corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. To open an account or for more information, visit Santander Edge Student | Santander
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-supercharges-student-account-with-launch-ofCovid-19 Has Impacted a Third of SME Business Owners’ Mental Health
questioning whether they want to continue running their own business Only one in five (19%) affected businesses expect their operations to return to pre-Covid-19 levels in 2020 40% of female business owners say their mental health has suffered, compared to 30% of their ... adversely affected say they are now questioning whether they want to continue running their own business in future. The figure is made even more concerning when taking into account the vast number of people employed by UK SMEs, which according to the latest data stands
https://www.santander.co.uk/about-santander/media-centre/press-releases/covid-19-has-impacted-a-third-of-sme-business-ownersWorcester-based Olpro ltd secures £350,000 in funding to help double international exports
products such as tents and cooking equipment, has secured £350,000 in funding from Santander Business Banking to help the firm accelerate its international growth strategy.Exports now account for 4% of the firm’s sales, with countries such as France, Germany ... best use of social media award in Worcestershire and has been nominated for three more awards including the Fastest-Growing Business in Worcestershire and Best Ecommerce site. The firm is forecasting to double its revenue over the next three years off the back of strong
https://www.santander.co.uk/about-santander/media-centre/press-releases/worcester-based-olpro-ltd-secures-ps350000-in-funding-to-help-double-international-exportsDavid Morris appointed as Head of Homes at Santander UK
177Bn assets with c.11% UK market share and c.1.8m customers. The key accountabilities of the role will include developing data-driven solutions for the bank’s mortgage customers, driving new mortgage business, and driving the digital strategy in Homes. David Morris has over
https://www.santander.co.uk/about-santander/media-centre/press-releases/david-morris-appointed-as-head-of-homes-at-santander-ukSantander's free four-year railcard supports students and apprentices’ journey into higher education
Student Current Account is available online and to all students, regardless of their year of study. In addition to the four-year Railcard, the Santander account offers: • A guaranteed overdraft4 for customers accepted for the account. An interest-free arranged ... Based on volume of new account openings using CACI’s Current Account and Savings Database. Santander had a 41% Market Share of new student accounts in 2021, making it the largest provider of student accounts according to data from CACI
https://www.santander.co.uk/about-santander/media-centre/press-releases/santanders-free-four-year-railcard-supports-studentsSME employment growth three times faster than larger businesses
Santander’s analysis suggests SMEs will overtake larger businesses as primary employers by 2030 if the five-year growth trend continues at the same pace.However, separate research2 commissioned by Santander Business Banking has found that significant numbers of young people are failing ... there after leaving education, while Birmingham (7%) completes the top three, even though they account for only 4% and 2% of the nation’s jobs respectively.The research by Santander Business Banking also found that the majority (70%) of SMEs5 are actively recruiting
https://www.santander.co.uk/about-santander/media-centre/press-releases/sme-employment-growth-three-times-faster-than-larger-businessesSantander launches new Select and Private current accounts
across the globe.Santander UK today announced the launch of its new current accounts for Select and Private customers. The new accounts have all the great benefits of the 1|2|3 Current Account, such as in-credit interest of 1.5 per cent on balances ... Santander Select customer you must have a current account with us and either:- pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts); or- maintain £75,000 in any Santander investment
https://www.santander.co.uk/about-santander/media-centre/press-releases/santander-launches-new-select-and-private-current