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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Santander rushes guidance to managers as it reviews its future in UK

Santander United Kingdom Santander UK
Santander sign above a branch
Santander confirmed in October that it was cutting 1,400 jobs across its UK business to reduce costs. Photograph: Laura Lean/PA

Santander has rushed out a note to senior managers after it emerged that the lender’s Spanish owner is reviewing the future of its UK business amid mounting frustrations over regulation.

The chief executive of Santander’s UK corporate and commercial bank, John Baldwin, sent out a memo outlining how to respond to clients and its 21,000 UK staff, who have been rattled by news that the bank could be put up for sale.

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