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Alliance & Leicester plc was a British bank and former building society, formed by the merger in 1985 of the Alliance Building Society and the Leicester Building Society. The business demutualised in the middle of 1997, when it was floated on the London Stock Exchange .
The Bootle office after privatisation, bearing the Alliance & Leicester logo. The Alliance & Leicester won a bidding process for the Girobank operation in 1989 after the Conservative government privatised the bank, as part of a programme of sales of state-owned businesses. The transaction was completed in 1990 and by this time the bank was ...
The purchase of Alliance & Leicester by Santander had been agreed earlier that month. [35] Abbey migrated all customer accounts to the Partenon computer software used by Santander in June 2008. [36] On 27 October 2008, Abbey reached an agreement to sell Porterbrook to a consortium of Deutsche Bank, Lloyds TSB and Antin Infrastructure Partners. [37]
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Alliance & Leicester International Limited (ALIL) was the international banking subsidiary of Alliance & Leicester, which was subsequently bought by the Santander Group in October 2008. The bank offered a range of international savings accounts primarily to Isle of Man residents and British expatriates, but also to non domiciles living in the ...
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Bradford & Bingley International (BBI) was the international banking subsidiary of Bradford & Bingley, which was itself acquired by the Santander Group in 2008.. On 5 August 2011, the business of BBI was transferred to Alliance & Leicester International (ALIL), also a subsidiary of Santander, ahead of the expiry of a trademark licence on the Bradford & Bingley name and image.
Frozen state pensions is the practice of the British Government of "freezing" UK State Pensions, (that is, not uprating the amount in line with "Triple Lock" on an annual basis, as is done for residents in the UK), for pensioners who live in the majority of other countries, apart from the European Community countries and other countries with reciprocal agreements with the UK.