Santander Reviews Options for U.K. Business, Financial Times Says, Citing Sources

Dow Jones

01/20

-- Santander is exploring strategic options to for its U.K. operations, including exiting the market, the Financial Times reports, citing unnamed sources.

-- The Spanish bank's review is at an early stage and stems from frustration from its high cost base, the U.K.'s ring-fencing of its retail-banking activities, its independent board, among others, the FT reports.

-- Santander told the FT that the U.K. is a core market for the lender.

Full story: https://tinyurl.com/9dpr5js3

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

January 20, 2025 01:29 ET (06:29 GMT)

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