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The Independent UK
The Independent UK
Business
Holly Williams

Santander completes £3bn takeover of TSB in ‘biggest investment in UK banking sector for 15 years’

TSB Santander Santander UK United Kingdom
Santander, which is owned by Banco Santander, said there would be no immediate change for customers of Santander or TSB - (Laura Lean/PA)

Santander UK has completed its near £3 billion takeover of smaller rival TSB in what it said marks the single biggest investment in Britain’s banking sector for more than 15 years.

Spanish-owned Santander said the deal went through on Thursday after recently securing the green light from regulators in the UK and Europe.

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