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The Latest Breaking News from TSB

Santander promises not to shut more branches before 2028 amid cost-saving plan

The bank also saw restructuring costs rise as it continued to make savings across the business

The Independent UK

Santander vows not to shut more branches before 2028

The lender has committed to keeping 480 branches until at least 2028, but this follows another 44 closures announced at the start of the year.

Evening Standard

New Report Exposes OceanGate's Fatal Mistakes That Doomed Titan Sub and Its Passengers

A report by Canada's Transportation Safety Board reveals engineering and oversight failures by OceanGate, leading to the Titan submersible's implosion and the loss of five lives in June 2023

International Business Times UK

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Titan sub: design flaws and company groupthink central to catastrophe, report finds

Canadian officials find structural defects in material used for hull and say firm failed to fully test ‘novel’ design

The Guardian - UK

Fifth of young men ‘do not consider controlling someone’s spending to be abuse’

The Government is teaming up with banks to highlight economic abuse behaviours as part of the Enough campaign.

Evening Standard

‘I am calling from the police’: UK pensioners lose thousands in fake officer scam, authorities issue urgent warning

Elderly Britons are losing thousands to sophisticated scams where criminals pose as police and bank investigators. Victims are manipulated into revealing sensitive financial details or handing over bank cards to "couriers." Authorities urge extreme caution with unexpected calls involving money, emphasizing that genuine officials never request such information.

The Times of India

Older people being targeted in courier frauds, TSB warns

People are being pressured into handing over cards, cash or high-value items in person.

Evening Standard

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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

Boost for borrowers as lenders cut rates on new mortgage deals

IN FULL

The Independent UK

More lenders cut rates in fresh boost to mortgage market

‘Blink and you’ll miss them’, warn brokers on mortgage deals

The Independent UK

Major lenders poised to reduce mortgage rates on Friday in ‘encouraging’ move

Average rates are showing signs of having reached a plateau, according to Moneyfacts.

Evening Standard

‘Meaningful relief for borrowers’ as banks prepare to cut mortgage rates

Santander has said it is ‘pleased’ to pass on a reduction in borrowing costs following a fall in swap rates.

Evening Standard

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The Independent UK

Almost a third of Brits cutting back on food and heating amid price rises and financial pressures

The conflict in the Middle East has prompted prices to rise and mortgage rates to increase, putting further pressure on households’ costs

Evening Standard

31% of people ‘cutting back on essentials to ease financial pressures’

Nearly two-fifths of people said their finances have worsened since this time last year, according to a survey for TSB and Lightning Reach.

The Guardian - UK

Friendship fraud: warnings of rise in ‘insidious’ scam targeting older people

Steps to help you avoid fraudsters who exploit isolation and search for human contact to often devastating effect

The Independent UK

Urgent warning after pensioner loses £4,000 in ‘cruel’ friendship scam

Older and vulnerable individuals are increasingly falling victim to a "cruel" wave of online "friendship fraud", a leading bank has warned.

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Evening Standard

Bank warns about ‘cruel’ friendship fraudsters targeting older people

In one case analysed by TSB, someone had made 60 payments over four years.

The Independent UK

‘My mother was tricked by a fraudster pretending to be David Attenborough and gave them half of her life savings’

A woman lost tens of thousands of pounds – and nearly her relationship with her son – after being tricked into an online relationship with a fraudster posing as the veteran broadcaster. Liam James sheds light on an international criminal enterprise and led The Independent to uncover Facebook’s failure to…

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

Typical rate to borrow on credit cards has reached 20-year high, says website

Reviewing card statements regularly is vital for borrowers who need to stay on top of debts, Moneyfactscompare.co.uk said.

The Independent UK

Major supermarket hikes pay for the seventh time since 2023

Lidl, which employs more than 35,000 workers, claims to be the ’highest paying UK supermarket’

Evening Standard

TSB’s earnings in robust shape ahead of Santander takeover

The high street lender said pre-tax profits rose 20.7% to £350.4 million for 2025.

Evening Standard

TSB announces boss leaving to head up Spanish owner Sabadell

Marc Armengol will step down to take up the new role at Sabadell.

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