Santander CFO: 'Not all' savings from job cuts and closures in TSB deal

  • Santander CFO Jose Garcia Cantera says "most" of the savings from buying TSB will come from winding up projects TSB is running, and "not all" of the targeted savings will come from job cuts or branch closures https://bloomberg.com/news/articles/2025-07-01/santander-agrees-to-buy-sabadell-s-uk-unit-tsb-for-2-7-billion?sref=BPgrU5ep