Santander UK to Close One Fifth of Branches, Putting 750 Jobs at Risk

In London on Wednesday, Banco Santander's UK branch announced plans to close 95 of its 444 branches, potentially leading to 750 job cuts. This decision is part of the bank's effort to adapt to the increasing trend of digital banking. Despite criticism from some UK lawmakers about the impact on local communities and vulnerable customers, Santander emphasized the necessity to align with customer preferences while striving to provide the best service. The bank assured that affected staff will receive support and assistance in finding new positions within the organization. Santander UK, a key component of its parent company's diversified business, remains committed to its presence in the UK.