Friday, 30 April 2010
The end of the Alliance is one step closer
The 250 words on the financial performance of Spanish bank Santander in today's Mercury business page mark the end of an era.
Santander owns Alliance & Leicester, the bank based in Narborough. Yesterday, for the first time since its £1.3bn takeover of the business in October 2008, Santander did not give specific financial information about A&L.
It also marks the first time in A&L's 158-year history no specific financial data is available for the institution, which started as Leicester Permanent Benefit Building Society in 1852.
This is the latest step in the bank's absorption into Santander. The final one will be in the autumn when its 254 branches are renamed Santander.
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