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Nearly 100 Santander UK branches to close - with 750 jobs at risk

  • Santander plans to close nearly 100 branches in the UK, putting 750 jobs at risk due to frustrating UK regulations and economic factors.
  • The bank set aside £295 million for potential costs from a car finance scandal following a court ruling that impacted the finance industry last year.
  • Santander has seen a 63% increase in digital transactions and a 63% decrease in branch transactions since 2019, highlighting shifts in customer behavior.
  • A spokesperson for Santander stated that branch closures aim to adapt to changing customer needs while balancing digital banking and face-to-face services.
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williamsnews.com broke the news in on Tuesday, March 18, 2025.
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