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Santander eyes £2bn swoop on Clydesdale and Yorkshire

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Santander eyes £2bn swoop on Clydesdale and Yorkshire

Santander is eyeing up a £2 billion bid for Clydesdale and Yorkshire banks, in a bid for expansion in the UK, according to The Sunday Times.

According to the paper, the Spanish bank has been considering the move since the collapse of talks over the acquisition of 316 branches from Royal Bank of Scotland last year.

It cited sources close to the bank as saying the move was being considered, but that no offer had yet been made to Yorkshire and Clydesdale owner National Australia Bank. Patricia Botin, chief executive of Santander UK, declined to comment to the paper over the rumoured interest.

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