The Santander banking group has reached an agreement to buy subsidiary TSB, strengthening its position in the UK market.
Delia Niculescu
International
foto:pixabay
Always see our news on Google
Santander has announced a £2.65 billion deal to acquire rival Sabadell's UK subsidiary TSB, amid a hostile takeover bid for Sabadell from BBVA. The acquisition would propel Santander to third place in the UK, expanding its network and customer base. Chief executive Ana Botin emphasized her confidence in the bank's strategy and the UK market, anticipating savings of at least £400m. Santander also plans a €10 billion share buyback program between 2025-2026.
Sources
Latest News
14:00
Romania will be affected by a heatwave at the beginning of August. Maximum temperatures will reach up to 39°C
13:47
The Commission explains which products fall under the new European cybersecurity regulations ahead of the first obligations in September.
13:30
The EU is sending 13 planes, four helicopters, and 134 firefighters for the fires in France and Spain.
13:23
Iran has announced the interception of six ships attempting to cross the Strait of Hormuz.
13:18
SPECIAL Informat.ro / The top international political topics of the last week. Effects on Romania
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
