business / markets
6 hours ago

High Street Giant Santander Reportedly Weighs UK Exit Amid Regulatory Frustrations

High Street Giant Santander Reportedly Weighs UK Exit Amid Regulatory Frustrations
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7 Highlights
  • Santander may exit the UK due to strict regulations.
  • The bank has 444 branches and 14 million UK customers.
  • Post-2008 rules reportedly lower Santander's returns.
  • Chancellor Reeves seeks growth via economic reforms.
  • Santander might shift focus to more profitable US market.
  • The bank may keep investment, corporate focus in UK.
  • Santander considers selling UK retail, commercial branches.
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