Submitted on Wednesday 12th September 2012
Published on Thursday 13th September 2012
Current status: Closed
Closed: Friday 13th September 2013
Signatures: 8
Stop Santander takeover of Natwest and RBS
Santander plan to take over RBS branches in England and Wales and Natwest Branches in Scotland. Affecting 1.8 million people.
Santander have already acquired Alliance and Leicester, Abby National and Cahoot. They are consolidating branch banking on the high street leaving people with less and less competition and choice on where they bank and invest their money.
Santander’s recent downgrading by ratings agency Moody’s is also a concern. Why is the Government and FSA allowing high street banking choice to diminish. We should have more banks offering competitive products not more banks becoming to big to fail!
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