-- 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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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