I am not surprised Santander wants to expand in the UK. The Spanish bank is moving like a freight train, and its momentum appears unstoppable. Deals usually take six to nine months to complete, which is why Santander is already thinking about its next move.

I'm not expecting a major default problem for Spanish banks. Ask me what I think in six months.

It's only our fifth year as a varsity sport, so we are still building. But we're starting to be competitive with the rest of the teams. Xavier used to crush us five years ago, but now we're very competitive with them.