Please Santander f*ck off we don't need an other bail-out

[dutchguylivingintheuk]

So Santander wants to leave to Uk because they don't like the rules. (and source https://www.ft.com/content/52f65106-6def-4855-b7a0-ae2b7f3200f6 )
They prefer the US markets because the profits are higher. It would be great if everyone by masses drops they Santander savings etc. and if they then really do f*ck off because this exactly how the 2008 crisis started, trying to put pressure on regulators to ease the rules so we end up with financial products the banks themsleves don't even understand.
Any normal company means your screwed, but if you are a bank you get away with it, feels wrong does it?

So the question, if you where Keir Starmer and you could do something what would you do?

To go first if i was the PM i would call their bluff, present them with the bill for every single bail-out we have had to do for them(because of companies they participated in lie they failed merger of ABN-amro and the subsequent uk branches that where affected) or to rescue them(pretty sure the UK goverment also had to bail them out at the time) and demand them to pay that back in full if they want to maximize profits by trying to extort governments or regulators. And also ban them to come back in the coming 10-20 years so that getting out really means getting out and not ''nah we pretend and just buy up an other more profitable bank a few years later''

 

[bobzmyunkle]

'Red Tape' says the Telegraph. Alternatively ring fencing your savings you thick Brexiters.
https://www.telegraph.co.uk/business/2025/01/19/major-high-street-bank-quitting-britain-red-tape/

 

[Fab Foodie]

#Brexitbenefits....

 

[Badger_Boom]

If it ends the irritating Ant and/or Dec adverts then they can hop it.

 

[BoldonLad]

I thought he 2008 crisis started because the "sub-prime mortgages" bubble burst, and, lots of supposed financial experts in the banks realised they did not understand the "securitised" assets they were holding?

Santander UK did not exist at the time, it came into being by gobbling up the ashes of Alliance and Leicester; Abbey National; and Bradford and Bingley, plus a bung from the government of the day, no doubt.

The joys of de-regulation. Motto: Lessons will be learned.

 

[dutchguylivingintheuk]

I thought he 2008 crisis started because the "sub-prime mortgages" bubble burst, and, lots of supposed financial experts in the banks realised they did not understand the "securitised" assets they were holding?

Correct, however if a bank screams ''to much regulations bro, we leave this place for a batter unregulated deal'' that also reminds off the issues from that time, the new ''sub prime'' might be called crypto backed premiums or AI powered secured borrowing or something but if you rename the disease you don't make it disappear.
Those same experts don't seem to have learned much, so i don't see how it can't happen again under a different name.

Santander UK did not exist at the time, it came into being by gobbling up the ashes of Alliance and Leicester; Abbey National; and Bradford and Bingley, plus a bung from the government of the day, no doubt.

It did they had a tiny securities something at the time and they where to make a big step branching out in europe with their participation in ABN-AMRO which was due to be split up with their partners Fortis and RBS, i think Barclays dropped out, but everyone talks about Lehman brothers with hindsight this was europe's version because what we known now, if this where 3 non banking businesses applying for an loan to take over their competitor together those same banks would have refused the application immediately because all the financial position. Yet like the double standard banks love, if it's about themselves it's all fine..

The joys of de-regulation. Motto: Lessons will be learned.

Jup