All articles tagged with #uk banking
Santander is set to acquire TSB from Sabadell for £2.65 billion, strengthening its position in the UK market, expanding its customer base, and aiming for operational efficiencies and increased profitability, with completion expected in early 2026.
Barclays reports a 27% YoY rise in Q1 net profit of £1.78 billion ($2.2 billion), beating expectations, with income from its consumer, cards and payments division rising 47%. The bank also flagged £500 million in credit impairment charges, partly due to higher US card balances. Barclays UK's income was up 19% due to improved net interest income. The bank remains on track to deliver its 2023 targets, with all performance metrics in line with or ahead of guidance.