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Santander eyes £2bn swoop on Clydesdale and Yorkshire

by Daniel Grote on Jan 21, 2013 at 08:00

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.

3 comments so far. Why not have your say?

George Kendall

Jan 21, 2013 at 08:40

These businesses have been bogging down the NAB for some time. I'm sure they will be happy to cut them loose.

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BillyBlackstock

Jan 21, 2013 at 09:02

Oh dear.

Yorkshire and Clydesdale customers will not be punching the air with joy over this news.

Santander bank in a recent survey came 30th out 30 for customer satisfaction. It can only mean chaos and misery for them in the future. Let's hope the regulator blocks it.

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CirrusPilot

Jan 21, 2013 at 14:22

As an RBS account holder I prayed long and hard for Santander to go away, my prayers were answered, now I will have to pray again for my Yorkshire clients, or else I will have loads more unbillable work.

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