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Santander snaps up TSB Bank for £2.9bn
Home » Business » Markets » Santander snaps up TSB Bank for £2.9bn

Santander snaps up TSB Bank for £2.9bn

Samuel Norman 02/07/2025 01:22

Santander UK has acquired high street bank TSB in a landmark £2.9bn deal that will significantly beef up the lender’s market share. The bank’s bid for an all-cash takeover from its Spanish peer Banco Sabadell values TSB at five times its expected 2026 net income. TSB will add five million customers…

CityAM
Santander UK has acquired high street bank TSB in a landmark £2.9bn deal that will significantly beef up the lender’s market share. The bank’s bid for an all-cash takeover from its Spanish peer Banco Sabadell values TSB at five times its expected 2026 net income. TSB will add five million customers…
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