MADRID, July 1 (Reuters) - Spain's Santander on Tuesday said it had reached an agreement to acquire smaller rival Sabadell's British unit TSB for initially 2.65 billion pounds ($3.64 billion) in ...

MADRID (Reuters) -Spain's Santander on Tuesday said it had reached an agreement to acquire smaller rival Sabadell's British unit TSB for initially 2.65 billion pounds ($3.64 billion) in an all-cash ...

Santander buys major high street rival as bank customers promised massive boost The deal comes after days of speculation.

Santander is set to snap up high street bank TSB for £2.9bn in a landmark deal to bolster its market share.

TSB’s customers were moved to the in-house-developed platform of its parent, Sabadell, in a disastrous migration in 2018.

What does Santander’s takeover of TSB mean for customers? Santander says it “intends to integrate TSB in the Santander UK group”, which means the TSB name could disappear from UK high streets.

Santander has agreed to buy TSB for £2.65bn in a deal that will make it the fourth-largest mortgage lender in the UK.

News Cost Of Living Your Money Major UK bank transferring millions of customers to rival Santander Santander is buying the British high street lender TSB for £2.65bn, raising fears of job cuts ...

If someone had made a £10,000 investment in Santander (LSE:BNC) shares a year ago, their holding would now be worth around £16,500, reflecting a 65% gain over the past 12 months. They’d also ...

Money Martin Lewis Martin Lewis' MSE issues warning to five million UK bank customers It comes after Santander agreed this week to buy banking rival TSB for £2.65billion and confirmed it ...

Santander also claimed it was better for them to acquire TSB rather than one of the big four banks doing so, as this latter option would reduce consumer choice in crucial sectors.

The Santander UK PLC-Bond has a maturity date of 1/12/2028 and offers a coupon of 4.9694%. The payment of the coupon will take place 4,0 times per Half-yearly on the 12.04.. At the current price ...