US EditionLondon Map Shows Full List of Bank Branches at Risk as Santander Buys TSB
- On July 3, 2025, Santander confirmed its planned £2.65 billion acquisition of TSB, adding five million customers to its existing 14 million in the UK.
- The takeover follows TSB’s Spanish owner Sabadell’s agreement to sell the lender amid pressures including a hostile takeover bid for Sabadell and requires shareholder and regulator approvals.
- Santander stated it intends to integrate TSB, which operates 175 branches compared to Santander UK's 349, while closing overlapping branches and reducing opening hours for some locations.
- CEO Mike Regnier highlighted expected efficiency savings of about 13% of combined costs and described the deal as a growth acceleration and a vote of confidence in the UK market.
- The takeover may prompt approximately 100 branch closures, raising concerns for customers who rely on physical branches, particularly older and disabled individuals, with calls for the Financial Conduct Authority to monitor closures closely.
15 Articles
15 Articles
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Banco Sabadell takes stock speed with an advance of 5.22% after closing the sale of its British subsidiary, TSB, to Banco Santander for up to 3.4 billion euros (about 2.875 million pounds). Specifically, the securities of the entity climb up to 2.84 euros per title at the end of the session, listed as the second value that is most revalued behind ArcelorMittal (+5.9%), while those of the Cantabrian group moderate the pace and raise 2.2%, which p…
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