Santander UK bolstered by the TSB takeover as it targets cost 'synergies' after a profit slip
Summary
Santander UK was bolstered by its TSB takeover as it targets cost 'synergies', the Evening Standard and The Independent reported on Wednesday 28 October, Santander saying it was still integrating the smaller rival after nearly 1,000 of its staff transferred over. The UK arm of Spain's Banco Santander reported a £1.2bn pre-tax profit for the nine months ending 30 September, down six per cent, City A.M. reported, Santander UK saying it expects to make more 'efficiencies' after its profit slipped due to a drag from restructuring costs and motor finance costs.
Latest: Santander UK was bolstered by its TSB takeover as it targets cost 'synergies', the Evening Standard and The Independent reported, and City A.M. reported a £1.2bn pre-tax profit for the nine months ending 30 September, down six per cent, the bank expecting to make more 'efficiencies' after the profit slip.
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How it unfolded
Wednesday 28 October
Santander UK was bolstered by its TSB takeover as it targets cost 'synergies', the Evening Standard and The Independent reported, and City A.M. reported a £1.2bn pre-tax profit for the nine months ending 30 September, down six per cent, the bank expecting to make more 'efficiencies' after the profit slip.
- 04:21City A.M. Santander UK turns to more cost-cutting after profit slip
- 04:19The Independent Santander UK bolstered by TSB takeover as it targets cost ‘synergies’
- 04:19Evening Standard Santander UK bolstered by TSB takeover as it targets cost ‘synergies’