Major bank kills thousands of jobs

Cennder UK The cost of an ongoing cost has shed more than 2,000 jobs as part of the drive, coincides with a dip in its half -year profits.

High Street Lander, whose Spanish Parents recently agreed to acquire the UK rival TSB for £ 2.65 billion, holding the workforce reduction responsible for its “simplification and automation” strategy.

This initiative is estimated to continue driving cost capacity in 2025.

Comes as a job cut Santander Precious taxes were reported by 5 percent decline, reaching £ 764 million for the first six months of 2025.

This latest decrease follows an announcement to cut more than 1,400 roles in the operation of its UK in 2024 last October.

The bank further warned in March that around 750 additional jobs were at risk, as well as plans to close 95 branches and reduce hours at about 50 sites.

Santnder is also waiting for an important Supreme Court A decision to influence the proposed compensation scheme of the Financial Conduct Authority on Friday in connection with the Car Finance Commission scam.

The bank has already made a provision of £ 295 million in 2024, stating that it continues to reflect the best estimate of the Ceninder UK group “.

But it warned that the results can change after the decision.

The group said: “The Centrender will consider the result of the UK Supreme Court’s decision and the Financial Conduct Authority proposed to be known once in any subsequent steps, which could change the price of the provision.

“In this way, the final financial impact may be physically or less than the amount provided.”

Its half-year results showed that the mortgage loans were flat at £ 167.2 billion in the first half, but said that it continues to expect “serial returns” to give a net mortgage loan in 2025, adding its pipeline good in the second half.

Chief Executive Officer of Sentender Mike Render said that Banco Centrender’s recent deal to buy TSB from Spanish rival Sabdale Will speed up the change of the bank.

He said: “In the first six months of 2025, we continued to create speed in our strategy to become the best bank for customers in the UK by investing in technology and service and improving our processes and efficiency.

“To acquire 100 percent of TSB from the recent agreement of Banco Sentender Sabdale Accesses our change, allowing us to increase our customer proposal and invest more in innovative products and our digital offers.

“It is an excellent deal for customers, combining two strong and supplements.”

The acquisition is expected to be completed in the first quarter of 2026.