Acquiring Company
Banco Santander SA
Acquired Company
TSB
Madrid
New ZealandFinancial ServicesFinanceLendingBankingDescription
Santander has completed its £2.65 billion acquisition of TSB, prompting concerns about job losses. Both banks are now negotiating to address the potential impact on employees affected by overlapping roles. Santander aims to achieve significant cost savings while integrating the two businesses and has begun planning discussions regarding the future workforce.
Quick answer
Banco Santander SA is acquiring TSB for $3.5 billion, announced August 3, 2026. Banco Santander SA is based in Madrid, Community Of Madrid, Spain.
- How much did Banco Santander SA pay for TSB?
- The reported deal value is $3.5 billion.
- What does Banco Santander SA do?
- Banco Santander SA is a leading retail and commercial bank, headquartered in Madrid, Spain, with a significant presence in Europe, the United States, and Latin America.
- Where are Banco Santander SA and TSB based?
- Banco Santander SA is based in Madrid, Community Of Madrid, Spain. TSB is based in New Zealand.
- Who are the decision-makers at Banco Santander SA?
- Fundz holds 2 contacts at Banco Santander SA. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Eagle Financial Services to Merge with John Marshall Bancorp (September 8, 2026)
- JB Financial to acquire KB Bukopin Finance stake (September 7, 2026)
Who to call at Banco Santander SA, and when
When Banco Santander SA changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Banco Santander SA raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Banco Santander SA, from your own LinkedIn network
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Related People
Frequently asked
Who acquired TSB?
TSB was acquired by Banco Santander SA, based in Madrid. The deal was reported on August 3, 2026. Banco Santander SA is a leading retail and commercial bank, headquartered in Madrid, Spain, with a significant presence in Europe, the United States, and Latin America. Banco Santander SA is privately held and operates in Financial Services.
When did Banco Santander SA acquire TSB?
Banco Santander SA's acquisition of TSB was reported on August 3, 2026. Santander has completed its £2.65 billion acquisition of TSB, prompting concerns about job losses. Both banks are now negotiating to address the potential impact on employees affected by overlapping roles. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TSB do?
We’re 100% NZ owned and independent, and have been dedicated to helping New Zealanders achieve their goals since 1850. It is privately held, and is based in New Zealand.
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