US EditionSantander approaches TSB-owner about high street banking merger
- On 18 June 2025, Santander approached Banco Sabadell about a potential takeover of TSB, Sabadell’s UK retail bank with 175 branches.
- This approach follows Sabadell’s confirmation that it has put TSB up for sale amid a 9 billion hostile bid by Spanish rival BBVA.
- TSB serves 5 million customers and holds a mortgage book exceeding £33 billion, while Santander plans to close 95 of its 444 UK branches this year.
- Gary Greenwood of Shore Capital said any buyer would focus primarily on cost reduction, and Sabadell stated it will assess any formal offers.
- If Santander acquires TSB, it could expand its UK retail presence, although CEO Ana Botin has denied plans to exit and affirmed the UK remains a core market.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
3
Center
2
Right
2
Sky News UKReposted by 
MSN
MSNSantander approaches TSB-owner about high street banking merger
The approach to Banco Sabadell by Britain's fifth-biggest bank comes months after Santander chair Ana Botin denied that she was looking to sell its network of roughly 350 branches, Sky News can reveal.
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources11
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
Factuality
To view factuality data please Upgrade to Premium
