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Santander plans UK restructuring to ring-fence motor finance unit

GlobalData
Summary
Nutrition label

83% Informative

Banco Santander SA preparing to restructure its UK operations by carving out its consumer finance unit, according to Bloomberg News .

The affected unit includes the bank’s motor finance operations, which have been caught up in the wider UK car loan mis-selling scandal.

The litigation risk stems from a 2023 Court of Appeal ruling that deemed it unlawful for lenders to pay commissions to car dealers without informing customers.

VR Score

85

Informative language

85

Neutral language

80

Article tone

formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

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