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Santander injects £1bn into Abbey

SPANISH banking giant Santander yesterday said it had injected £1bn into its UK subsidiary Abbey National, and later in the day confirmed it was in advanced talks to acquire US-based Sovereign Bancorp.

SPANISH banking giant Santander yesterday said it had injected £1bn into its UK subsidiary Abbey National, and later in the day confirmed it was in advanced talks to acquire US-based Sovereign Bancorp.