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London 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.
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BBVA’s bid to Banco Sabadell evolves beyond the truces set by the calendar: BBVA chose May 1st to make public the offer it had sent to Sabadell to address a merger; the government announced a tightening of the conditions in the middle of Sant Joan’s festivity, a date of little change in Catalonia and reserved for postverbena restitution, and now the Catalan bank cites its shareholders to a meeting scheduled for August 6 in Sabadell. The call to …
·Spain
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
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