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The Latest Breaking News from Santander UK

Santander completes near £3bn takeover of rival TSB

The deal sees the combined group become the UK’s third biggest bank for current accounts and fourth for mortgages.

Evening Standard

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

The Independent UK

Santander UK takes profit hit from further costs of motor finance scandal

The high street lending giant reported pre-tax profits of £202 million for the first quarter, down from £358 million a year ago.

Evening Standard

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Warning as major bank reports sharp increase in pet scams

IN FULL

The Independent UK

Scam warning as major bank reports surge in fake pet adverts – what to watch out for

Claims received by the bank have involved a range of animals, from desirable breeds of cats and dogs

The Independent UK

Pet scam warning from major bank after surge in reports

Common tactics used by scammers include asking for money as a deposit, to cover delivery of a pet, or for vet bills, Santander UK said.

Evening Standard

Santander names new boss of TSB ahead of merger

Nicola Bannister will replace outgoing chief executive Marc Armengol when the deal completes.

Evening Standard

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Santander takes fresh swipe at City watchdog as its car loan scandal bill tops £460m

UK arm brands FCA’s compensation scheme ‘overreach’ as Spanish owner signs surprise $12bn takeover of Webster Bank in US

The Guardian - UK

Santander to cut costs further as profits rise despite another motor finance hit

The Spanish-owned lending giant reported a 14% rise in pre-tax profits to £1.51 billion for 2025.

Evening Standard

Major UK bank launches new 2% deposit mortgage for first-time buyers

The bank said saving for a deposit ‘remains one of the biggest hurdles to homeownership’

The Independent UK

New mortgage launched for first-time buyers with two per cent deposits

Santander UK said saving for a deposit ‘remains one of the biggest hurdles to homeownership’

Evening Standard

Banco Santander executive to take top job at UK bank ahead of TSB merger

Mahesh Aditya is currently group chief risk officer at Banco Santander and will replace outgoing boss Mike Regnier on March 1.

The Independent UK

Santander to close further 44 branches as it gears up for £2.6bn takeover of TSB

Closure of one in eight sites puts almost 300 branch-based workers’ jobs at risk

The Guardian - UK

Over £95,000 stolen from bank’s customers by ‘side hustle’ scammers last autumn

Santander UK is warning people looking for extra ways to make some cash this January to watch out for side hustle scammers.

Evening Standard

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Evening Standard

Watch out for beauty treatment scams warns bank as £50,000 reported lost in year

Santander UK is warning that fake treatments can harm people’s health as well as their bank balance.

The Independent UK

Warning over £50,000 scam that can harm your health and bank balance

Santander UK says £49,846.32 was reported as being stolen by beauty scammers

The Guardian - UK

Santander urges ministers to intervene in UK car finance compensation scheme

Lender’s chief executive says redress proposals could affect jobs, supply chains and broader UK economy

Evening Standard

Santander UK’s chief to step down ahead of TSB merger

Mike Regnier said he wants to pursue ‘other interests’ so it is the right time to step down from the Spanish banking giant.

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Evening Standard

Santander uses AI tool to help bust human trafficking gangs

The high street lender has generated hundreds of alerts to pass on to the National Crime Agency to investigate further over the past year.

The Independent UK

Major bank launches new current account offering up to £20 cashback a month

It also includes travel and phone insurance and breakdown cover

Evening Standard

Santander UK launches current account offering up to £20 cashback per month

The Santander Edge Explorer account offers a package of perks in return for a £17 monthly fee.

The Independent UK

Santander UK urges overhaul of ‘antiquated’ home-buying process

A report commissioned by Santander UK said the property market ‘sticks out like a sore thumb’ in an era marked by digitisation in daily life.

The National (Scotland)

Santander axes 2000 jobs and warns more cuts are possible

High street lender Santander UK revealed it has axed over 2,000 jobs and warned more roles may need to be cut as part of an ongoing overhaul.

Evening Standard

Santander axes 2,000 jobs and warns more cuts are possible

The group announced last October it was cutting more than 1,400 jobs across the UK bank and said in March it was closing another 95 branches.

Evening Standard

Santander sees more than 2,000 jobs go in ongoing overhaul as profit dips

Santander reported a 5% fall in pre-tax profits to £764 million for the first six months of 2025.

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