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Business May 8, 2026

TSB name to vanish from Britain’s high streets after two centuries as Santander absorbs lender

TSB name to vanish from Britain’s high streets after two centuries as Santander absorbs lender
Santander has announced a £2.65 billion all-cash deal to acquire TSB from Spanish rival Sabadell, marking another significant move in the wave of UK banking consolidation.

Britain is about to lose one of its oldest banking brands. Santander has confirmed it will retire the TSB name and fold the lender into its UK arm, drawing a line under more than two centuries of history that began with a Scottish parish savings scheme in 1810.

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