Press statement
Which? responds to the news that Santander is set to to buy TSB for £2.65 billion
1 min read
Jenny Ross, Which? Money Editor, said:
"This news could understandably be concerning for some TSB and Santander customers - particularly those who prefer to use a local branch for their banking.
"Which? research shows TSB has closed 459 branches and Santander has closed 493 branches since 2015 and this proposed deal could lead to further closures.
"If this deal goes ahead, the Financial Conduct Authority (FCA) must look closely at any planned bank branch closures to ensure that FCA rules and guidance are followed, and that there is no risk of customers, especially those with disabilities, losing access to local banking services or cash.”
-ENDS-