Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The UK arm of Santander has been given £300 million from its Spanish parent company. On the 2nd of December Santander (BNC) issued the convertible debt to Banco Santander in order to bolster its financial firepower before the end of the year. The reason for this? Well the Bank of England are likely to use the end of year accounts as the key data for next year’s stress tests.
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