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LONDON DAILY ARCHIVE

Santander to Acquire TSB for £2.65 Billion in UK Banking Shakeup

Deal expands Spanish lender’s UK footprint.

01 July 2025 · 23:40 UTC

Spain’s Santander has agreed to buy UK high street lender TSB from Sabadell for £2.65 billion, marking a significant consolidation in Britain’s retail banking sector.

The acquisition is expected to strengthen Santander’s presence on the UK high street while reshaping the competitive landscape for personal banking services.