Santander 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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Total News Sources0
Leaning Left6Leaning Right7Center5Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 33%
C 28%
R 39%
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