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The Latest Breaking News from TSB

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Some analysts think the sale could make it easier for Sabadell to rebuff a potential hostile takeover bid by rival group BBVA.

Evening Standard

Sabadell shareholders approve sale of TSB to Santander as BBVA threat looms

Banco Sabadell on Wednesday unanimously approved the sale of its British subsidiary TSB to Banco Santander for around €3bn. The transaction seeks to shield the group's independence from the hostile takeover bid launched by BBVA.

Euronews

The huge number of first-time buyers relying on parents for a deposit revealed

The vast majority of first-time buyers are now leaning on parents, research shows

The Independent UK

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Boomerang buyers: 80% of first-time buyers moved back in with parents to get on the property ladder

On average, recent first-time buyers said they had saved for nearly three years

Evening Standard

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

Why UK bank cut thousands of jobs despite £764m profits

IN FULL

The Independent UK

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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

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

More than half of people who acted on social media financial advice ‘lost money’

TSB is urging people to do their research to check that content is accurate, before acting on money advice.

Evening Standard

Holiday spending: eight ways to save money and cut card costs

From debit and credit cards, to using hard cash, plan ahead to avoid paying more than you need to

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

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

Santander's TSB takeover: What it means for your account

Santander's acquisition of TSB for £2.9 billion could reshape UK banking, affecting 5 million account holders. Here's what it might mean

Evening Standard

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Euronews

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

Evening Standard

TSB brand could disappear from high streets in £2.65bn Santander takeover deal

Santander said it plans a ‘rationalisation’ of the overall branch network.

The Independent UK

TSB could disappear from high streets in huge Santander takeover

Santander said it plans a ‘rationalisation’ of the overall branch network

The Guardian - 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

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Evening Standard

Santander approaches TSB’s Spanish owner over possible takeover – reports

Banco Sabadell, the Spanish parent firm of TSB, said on Monday that it had received interest about an acquisition.

The Guardian - UK

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

Evening Standard

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

TSB profits jump on cost-cutting and stamp duty mortgage rush

The Spanish-owned lender posted pre-tax profits of £101.3 million for the first quarter, up from £53.4 million a year ago.

The Independent UK

Nearly one in four people ‘describe finances as uncomfortable’

Two-fifths of people expect their spending to increase in the next six months, TSB said.

The Independent UK

Delta plane triggered fast descent warning before flipping and catching fire on runway

The aircraft hit the runway at a descent speed 50 per cent higher than its landing gear was designed to absorb

The Guardian - UK

Online banking problems prompt MPs’ concern amid UK branch closures

Thousands of Lloyds, Nationwide, Halifax, TSB, Bank of Scotland and First Direct customers affected on Friday

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