Santander to take over TSB in major £2.65bn deal

TSB started with small Scottish back over 200 years ago and is set for £2.65bn Santander deal

TSB, founded over 200 years ago by Reverend Henry Duncan, is set to be bought by Santander, risking the loss of one of Britain’s oldest banking names.

TSB deal is a sign of the times as the consolidation race gains pace

What does the acquisition by Santander mean for jobs and branch closures at TSB?

Santander to buy TSB

Santander has announced it will buy British bank TSB for £2.65 billion, raising fresh concerns about job losses and branch closures across the UK. The deal, expected to complete in early 2026, will see TSB absorbed into Santander’s existing UK operations, making it the third-largest provider of personal current accounts in the country. TSB currently operates around 175 branches and employs… Source

Santander doubles down on UK presence amid Spain's banking M&A turmoil

Santander is bolstering its British foothold with the proposed acquisition of TSB, despite the recent underperformance of its own U.K. branch.

Santander to buy major high street bank for £2,650,000,000

The TSB group could vanish from UK high streets after Santander agreed to buy the lender for more than £2 billion from Sabadell.

Greenock bank branch could be under threat after £2.65bn takeover is agreed

The TSB name could disappear from Greenock's town centre following the sale of the business.