US EditionSantander considers UK exit amid frustrations with high street banking, FT reports
- Banco Santander is reconsidering its presence in Britain after acquiring Abbey National two decades ago, as reported by the Financial Times.
- The bank is exploring strategic options, including a potential exit from the British market, according to the report.
- Santander aims to focus on larger growth regions, such as the U.S., and has set aside 295 million pounds for costs related to an industry probe.
- The bank has reduced its workforce in Britain by cutting 1,400 jobs in October, with uncertainty about potential buyers for its unit, as noted by sources.
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UK Finance Minister Plans Strategy Talks with Banking and Insurance Sectors
UK Finance Minister Plans Strategy Talks with Banking and Insurance Sectors British finance minister Rachel Reeves revealed plans to engage with representatives from pivotal financial sectors, notably banking and insurance, to craft a fresh strategy aimed at enhancing growth and competitiveness. These discussions are slated to unfold over the coming months.Reeves emphasized the importance of industry collaboration in formulating the strategy, st…
Spanish bank Santander is reassessing its presence in the UK, two decades after its acquisition of Abbey National turned it into a major player on the UK high street, the Financial Times reported on Saturday. The article A famous bank with accounts for many Romanians working in the UK could withdraw from the UK appeared first on Romania TV.
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