Jo Crowley MADRID/LONDON (Reuters) -Santander's plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together only a few weeks ago, after the Spanish bank had been considering a possible exit from Britain,

The TSB name could disappear from UK High Streets after the British bank's Spanish owner announced its sale to rival Santander. The £2.65bn deal still has to be agreed by the current owner Sabadell's shareholders but if it does go ahead,

Santander has agreed to buy TSB as part of a takeover deal worth £2.65billion. The banking giant is set to take on all of TSB’s five million customers, which includes current accounts, loans, savings, and mortgages. It is still in its early stages, however, the deal is expected to be completed in the first three months of 2026.