Search Results
7/2/2025, 12:54:20 AM
>The TSB name could disappear from UK High Streets after the British bank's Spanish owner announced its sale to rival Santander.
>The £2.65bn deal still has to be agreed by the current owner Sabadell's shareholders but if it does go ahead, Santander said it "intends to integrate TSB in the Santander UK group".
>The takeover would create Britain's third largest bank by share of personal current accounts.
>A Santander spokeswoman said: "For now it is business as usual for Santander UK and TSB colleagues," but she did not rule out branch closures, and said there would be job cuts.
>"There will be duplication, particularly in back office roles," she said, adding: "Where there is an impact on people this will be communicated directly to affected colleagues and their representatives as is right and proper."
RIP
>The £2.65bn deal still has to be agreed by the current owner Sabadell's shareholders but if it does go ahead, Santander said it "intends to integrate TSB in the Santander UK group".
>The takeover would create Britain's third largest bank by share of personal current accounts.
>A Santander spokeswoman said: "For now it is business as usual for Santander UK and TSB colleagues," but she did not rule out branch closures, and said there would be job cuts.
>"There will be duplication, particularly in back office roles," she said, adding: "Where there is an impact on people this will be communicated directly to affected colleagues and their representatives as is right and proper."
RIP
Page 1