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The Latest Breaking News from TSB

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 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 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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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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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

The Independent UK

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.

Evening Standard

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 Guardian - UK

Bank warns about ‘cruel’ friendship fraudsters targeting older people

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

Evening Standard

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.

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…

The Independent UK

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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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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The Guardian - UK

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

Evening Standard

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.

The Independent UK

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 Guardian - 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

UK credit cards: six ways to help you pick the best deals

From understanding jargon such as APRs and 0% transfer offers, to getting perks such as air miles or cashback

The Independent UK

Martin Lewis reveals how to get up to £250 with latest bank switching offers

Many banks are also offering boosted perks for new customers in 2026

Evening Standard

TSB offers up to £200 for new customers - how to claim

The move is one of a number of offers from high street banks to encourage new customers to join

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