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

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 UKSantander’s takeover of TSB will be music to Rachel Reeves’ ears: sparing the under-pressure chancellor the potential embarrassment of having to explain why a major high street lender had given up on Britain.On Tuesday night, Spanish-owned Santander said it would buy TSB from its fellow Spanish owner, Sabadell, for £2.65bn, ending months of specul…

Fears more banks may close as Santander on brink of buying TSB

There are Santander and TSB branches very near each other in some areas