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The Latest Breaking News from Santander UK

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.

The National (Scotland)

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.

Evening Standard

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Major bank slashes thousands of jobs in company overhaul

Santander reported a 5 per cent decline in pre-tax profits, reaching £764 million for the first six months of 2025

The Independent UK

Bank issues warning over building projects scams after seeing jump in cases

Criminals may ask for hefty deposits for work to be carried out before disappearing, or leave dangerous work behind, Santander UK is warning.

Evening Standard

More than 23m Britons think they may be due compensation for mis-sold car loans, UK poll finds

Survey comes before supreme court decision on secret commission payments ruled unlawful by court of appeal

The Guardian - UK

Self-made people ‘holding estimated £40.7bn in under-utilised cash savings’

Santander UK, which published the research, suggested that financial education should be embedded into apprenticeship schemes.

Evening Standard

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Self-made workers ‘unsure how to manage their savings’

One bank has called for financial education to help workers better invest their savings

The Independent UK

Santander to buy TSB for £2.65bn amid fears of branch closures and job losses

Purchase would be third major ownership shake-up for high street lender in 12 years

The Guardian - UK

TSB’s Spanish owner considers sale of UK banking business

It comes a decade after Sabadell bought TSB for £1.7 billion to gain a foothold in the UK.

Evening Standard

About £1bn in car loan compensation at risk because data deleted, lawyers warn

Lenders’ routine purging after six years means details of some car buyers due compensation may have been lost

The Guardian - UK

Santander UK freezes salaries and cuts jobs in commercial banking arm

Exclusive: Bank also set to slash bonuses in wider shake-up that could help make it more attractive to potential buyers

The Guardian - UK

WhatsApp scam known as ‘hi mum’ evolving at ‘breakneck speed’, expert warns

Santander UK’s fraud expert said that AI voice impersonation technology was making these scams even more realistic

The Independent UK

Santander UK profits fall as bank lowers economic growth outlook

The UK bank said that ‘charges relating to changes to our branch network’ drove profits lower in recent months.

Evening Standard

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The Guardian - UK

Santander looks at splitting car finance from rest of UK division

Review follows fallout from commission scandal, which could cost bank up to £1.9bn in compensation

The Independent UK

Third of 18 to 21-year-olds ‘worry about money every day’

Less than a third of young adults surveyed said they had learned about student loans at school, Santander UK said.

Evening Standard

Santander UK reveals scams most likely to catch out different age groups

The bank saw a jump in older adults and younger adults reporting scams in the first quarter of this year.

The Guardian - UK

Banks aim to reverse crunch appeal court victory for car buyers

Fears of a £44bn compensation bill over dealer commissions has prompted a high-profile appeal, which will be heard this week

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The Independent UK

The locations set to get new banking hubs as Santander closes 95 branches

Here’s where customers will be able to do their banking

The Independent UK

Santander to close another 95 branches, putting 750 jobs at risk

The banking giant will close the branches in June, while also cutting hours across 36 sites and switching 18 to become counter-free

The National (Scotland)

Hundreds of jobs at risk as Santander to close 95 UK branches – see the full list

AROUND 750 jobs are at risk of redundancy at Santander UK as the high street lender announced 95 branch closures and sweeping changes across its…

Evening Standard

Santander puts 750 jobs at risk under branch closure plans

The banking giant said it was closing the branches in June, and also cutting hours across 36 sites as well as switching 18 to become counter-free.

The Guardian - UK

UK lenders paid car dealers cash upfront that may have led to costlier loans

Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers

Evening Standard

Some sub-4% mortgages will vanish from the market from Friday

One mortgage broker said market movements ‘look to be enough to put some of the very lowest rates in peril’.

The Independent UK

Mortgage wars kick-off as banks launch sub-4% deals

More sub-4 per cent mortgages have started appearing on the market from Thursday

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