Santander’s £2.9bn TSB Takeover Is Done — What It Means for 28m UK Customers
Santander UK has completed its £2.65 billion takeover of TSB, adding about 5 million TSB customer accounts and £71.5 billion in assets. The combined group becomes the UK’s third-largest bank by current account balances. TSB will continue to operate separately for now, with no immediate changes for customers. Santander plans to fully integrate TSB by mid-2027, pending court and regulatory approval.
