New Model Adviser - For professional financial planners

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.
6576.74 + 31 0.48% 04:35

Santander eyes £2bn swoop on Clydesdale and Yorkshire

3 comments
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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.