Santander UK has cut more than 2,000 jobs in a battle to save cash.
The High Street lender – whose Spanish owner recently announced a £2.65billion deal to buy UK rival TSB – said the drop in its workforce comes as part of its ongoing ‘simplification and automation’ drive.
Santander added the plan was ‘expected to continue to drive cost efficiencies over 2025’.
The bank also reported a 5 per cent fall in pre-tax profits to £764million for the first six months of 2025.
Half-year results showed mortgage loans were flat at £167.2billion in the first half, but said it continues to expect a ‘gradual return’ to net mortgage lending in 2025.
Job cuts: Santander said its ‘simplification and automation’ drive was ‘expected to continue to drive cost efficiencies over 2025’. The bank also reported a 5% fall in pre-tax profits
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This article was originally published by a www.dailymail.co.uk . Read the Original article here. .