🔍 Big changes are afoot at Santander UK! Despite a whopping 14% rise in pre-tax profits, soaring to £1.51 billion in 2025, the banking giant isn’t resting easy. In light of the ongoing motor finance mis-selling scandal, they’ve set aside an extra £183 million, pushing their total provision over recent years into the hundreds of millions.
The recent shutdown of 44 branches, impacting nearly 300 jobs, is just one step in their cost-cutting journey, reducing their branch network to 244 locations. With eyes set on 2026, Santander is planning for more efficiency through business simplification and automation. But don’t worry, they’re not pulling back completely – they’re all set to acquire TSB, adding more branches under their belt in a £2.65 billion deal!
Across the pond, Banco Santander, the parent company, made headlines with a massive $12.2 billion deal to acquire Webster Bank in the USA. What’s more, they’ve reported a strong net income in the last quarter of 2025, reflecting positively on the group’s global prospects. Exciting and challenging times ahead for the banking world! 🚀💼
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