On Wednesday, Spain's Santander (SAN.MC) announced its decision to exit the mortgage business in Germany, resulting in the termination of approximately 500 jobs by the end of 2026.
This strategic move is part of Santander's initiative to focus on more profitable ventures, as conveyed by a spokesperson for the lender to Reuters. Germany has been grappling with its most severe real estate downturn in decades.
Following a period of robust growth, mortgage lending in Germany decelerated significantly due to a rapid increase in interest rates aimed at curbing inflation, causing prospective homebuyers to adopt a cautious approach. Recent data indicate a stabilization of the real estate market.
The reduction in staff, bringing the total to 3,600, will be...
Police are looking into Angela Rayner for possible wrongdoing related to council tax and electoral matters. They have assigned about twelve officers to investigate.
The Chief Constable of Greater Manchester Police, Stephen Watson, mentioned on Tuesday that several claims are being made that they are going to thoroughly investigate.
Stockport Council is checking letters from James Daly, a Conservative deputy chairman, regarding Angela Rayner's council tax situation. They are looking into whether she claimed a discount meant for single people on her old house on Vicarage Road while her brother was living there.
Angela Rayner insists she was living at the Vicarage Roadhouse, but neighbors say her brother was living there, and she was with her husband at...