Group hails ‘strong momentum’
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A £2.65bn takeover has been accepted, which will result in job losses and likely branch closures
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Governor also highlights labour market weakness in the face of global trade tensions
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The Spanish banking group is currently trying to defend itself from being taken over by a rival
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Temporary sites come to Linlithgow and Bathgate, while Bo’ness gets a permanent buiding
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Treasury minister responds that government ‘isn’t minded to review the legislation’ passed by the Conservatives
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The funding deal should allow the business to expand into new markets and become more sustainable
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Chairman says it marks an ‘inflexion point’ for the bank and the wider economy
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Central bank also predicted the UK economy will grow by 1% this year, upgrading its previous 0.75% forecast
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The bank posted pre-tax profits of £101m during the first quarter, up from £53m a year ago
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