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Santander UK PLC operates as a financial services provider in the United Kingdom that provides a range of banking and financial products and services to personal, business, and public sectors. The company deposit products include interest-bearing and non-interest-bearing current and demand accounts, savings accounts, and time deposits. It offers residential mortgage loans, personal loans, credit cards, consumer finance, overdrafts, business banking products, as well as insurance policies. The company's segments include Retail Banking, Consumer Finance, Corporate and Commercial Banking and Corporate Centre. It generates a majority of its revenue from the retail banking segment.

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Royal Bank of Canada (NYSE: RY) announced the sale completion of its Investor Services&#39; operations in Europe and Malaysia to CACEIS, the subsidiary of Credit Agricole SA (OTC: CRARY) (OTC: 

Royal Bank Of Canada Sells RBC Investor Services&#39; European And Malaysian Operations

SANTANDER UK PLC 8 5/8% by Santander UK Plc

Santander UK PLC

Santander UK

Royal Bank of Canada&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) announced the sale completion of its Investor Services&#39; operations in Europe and Malaysia to CACEIS, the subsidiary of&nbsp;Credit Agricole SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRARY#OTC">CRARY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRARF#OTC">CRARF</a>) and&nbsp;Santander UK PLC&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/STNDF#OTC">STNDF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/07/n33092806/caceis-and-royal-bank-of-canada-complete-acquisition-of-rbc-investor-services-operations-in-europe" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for an undisclosed term.</a>

The deal excludes RBC Investor Services&#39; Canadian operations, combining two asset-servicing solid European operations.

&quot;We are incredibly proud of the business we have built in Europe and pleased that both clients and employees of our business will benefit from being part of what is expected to become one of the largest asset servicing providers in Europe. We believe the complementary services, combined scale and joint expertise of RBC&#39;s Investor Services&#39; European business and CACEIS will bring more opportunity for employees and greater value for clients,&quot; said Francis Jackson, CEO of RBC Investor Services.&nbsp;

In May, RY reported a Q2 FY23 adjusted net income of C$3.8 billion, down 13% Y/Y, and adjusted EPS&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/05/32571134/royal-bank-of-canada-q2-profits-tumble-13-on-huge-provision-for-credit-losses" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">declined by 11% Y/Y to C$2.65</a>.

Price Action: RY shares closed higher by 0.79% at $95.51 on Friday.

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Latest Santander UK Stock News | OTC:STNDF | Benzinga

Monday, July 03, 2023

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