Santander considers UK exit amid frustrations with high street banking, FT reports

Banks News

Santander considers UK exit amid frustrations with high street banking, FT reports
Banco Santander SABusiness News
  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

The bank is exploring a number of strategic options, one of which is exiting the British market, the Financial Times reported.

Banco Santander is reconsidering its presence in Britain, the Financial Times newspaper reported on Saturday.

No deal or announcement was imminent and the review was at an early stage, the Financial Times added.Simon Dawson | Bloomberg via Getty Imagesis reconsidering its presence in Britain two decades after its acquisition of Abbey National made it a major player on UK high streets, the Financial Times newspaper reported on Saturday, citing people familiar with the matter.

The bank is examining an exit from Britain in part because it wants to focus on bigger growth regions such as the U.S., FT reported.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Banco Santander SA Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Astros' Financial Constraints Make Santander Signing UnlikelyThe Houston Astros' trade of Kyle Tucker has sparked questions about their ability to contend in 2025 due to financial limitations. The team is projected to exceed the luxury tax threshold again, making a significant move like signing Anthony Santander unlikely.
Read more »

10 Jokes From British Comedies That Non-British Viewers Probably Didn't Get10 Jokes From British Comedies That Non-British Viewers Probably Didn't GetBritish comedies are full of cultural humor.
Read more »

Financial Resolutions for 2025: Experts Offer Tips for SuccessFinancial Resolutions for 2025: Experts Offer Tips for SuccessAs the new year approaches, experts encourage setting financial resolutions to achieve life goals. The advice emphasizes evaluating your current financial situation, setting attainable goals, reframing your money mindset, and using tools to track progress. Remember to attach your financial goals to bigger dreams and forgive past financial mistakes for a motivated start to the new year.
Read more »

Chainalysis Acquires Alterya to Expand Financial Fraud DetectionChainalysis Acquires Alterya to Expand Financial Fraud DetectionChainalysis, a leading firm tracking illicit cryptocurrency flows, has acquired Alterya, a fraud detection startup, to enhance its capabilities in combating financial fraud. Chainalysis specializes in tracing cryptocurrency movements, while Alterya focuses on identifying and blocking scammer transactions. The acquisition combines Chainalysis' extensive data on crypto scammers with Alterya's comprehensive database of scammer financial infrastructure, enabling more effective fraud detection. This move marks Chainalysis's expansion into broader financial fraud detection, leveraging Alterya's AI-driven fraud models to assist banks and financial institutions.
Read more »

Red Sox Linked to Anthony Santander After Missing Out on SotoRed Sox Linked to Anthony Santander After Missing Out on SotoThe Boston Red Sox are rumored to be targeting Baltimore Orioles slugger Anthony Santander after failing to secure Juan Soto. With significant financial flexibility, the Red Sox could offer Santander a lucrative contract.
Read more »

Anthony Santander's 2024 Performance Could Land Him a Big ContractAnthony Santander's 2024 Performance Could Land Him a Big ContractAnthony Santander's stellar 2024 season, which included an All-Star selection and a Silver Slugger Award, has made him a hot commodity in free agency. Several teams, particularly in the American League East, are reportedly interested in signing the switch-hitting outfielder.
Read more »



Render Time: 2025-02-21 23:15:01