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TSB bank to ‘disappear’ after £2.9billion Santander takeover

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Santander UK is reportedly planning to phase out the TSB name following its takeover of the business.

The banking group completed its near-£3 billion takeover of TSB at the end of April.

It marked the single biggest investment in Britain’s banking sector for more than 15 years.

Exterior view of TSB bank branch with bright logo and glass front in a busy urban city environmentTSB was taken over by Santander at the end of April in a deal worth nearly £3 billion (Image: Getty Images)

TSB bank to disappear from high street after £2.9billion Santander takeover

British retail and commercial bank TSB, based in Scotland, was founded in 1810, originating from the Trustee Savings Bank movement.

The TSB brand came about in the 60s, and in the 70s the various trustee banks amalgamated to become TSB, with the brand then listed in 1986.

It merged with Lloyds Bank in 1995, which led to the formation of Lloyds TSB in 1999.

In 2015, TSB confirmed a takeover bid by Sabadell for £1.7 billion, and today, TSB operates around 175 bank sites across the UK.

Santander agreed a £2.65 billion buyout of TSB from Spanish banking group Sabadell last year, but said the final price paid rose to £2.9 billion on completion.

Now, after the takeover, Santander is reportedly set to drop the TSB brand and run the combined business as Santander UK once the two lenders have been integrated, according to the Financial Times.

Reports also say that there would be no changes to the TSB brand, TSB accounts or products for at least 12 months.

A spokesman for Santander said: “The acquisition of TSB is about creating a stronger, more competitive bank in the UK, with the scale to invest significantly more in customer service, technology and products.

“TSB is a strong consumer banking brand and we recognise the value it has built with customers and within the UK market over a long time.

“We will consider carefully how to make the most of the brand value in our model long term and expect no immediate changes.

 “Our guidance for expected integration benefits remain unchanged at above £400mn in pre-tax cost synergies by 2028.

“Given the similarities between Santander and TSB’s business model, we have previously indicated that this may be exceed over time across the combined business, however, any upside would come across the combined business and beyond our planning horizon of 2028.

“Our focus is on creating the best bank for customers in the UK and we are optimistic in the value this will create for all involved.”

What does the TSB takeover mean for customers?

The Santander UK takeover of TSB will see the combined group become the UK’s third biggest bank for current accounts and fourth for mortgages, with nearly 28 million customers nationwide.

Santander, which is owned by Banco Santander, said there would be no immediate change for customers of Santander or TSB, who can continue using their accounts and cards in the same way.

Nicola Bannister, who became chief executive of TSB on Friday (May 1), said: “Today marks a significant new chapter for TSB as we become part of Santander.

“I look forward to leading TSB as we combine the very best of these two great businesses.”

Mahesh Aditya, Santander UK’s new chief executive, added: “This is excellent news for UK banking, with the acquisition representing the single largest investment in the sector for over 15 years.

“Bringing TSB into the Santander group strengthens competitiveness in the market and is an important step in creating the best bank for customers.”

UK brands that have disappeared in 2026

There have been several UK businesses that have gone into administration in 2026, with some having already disappeared from high streets.

Major retailers LK Bennett and Claire’s both closed all their stores in April, having previously fallen into administration.

The Original Factory Shop (TOFS) has also vanished after closing its 137 stores following administration, with the last store closing in April.

UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.

TG Jones is also reportedly preparing a closure of up to 100 stores, after its owner, Modella Capital, is said to be undertaking a major restructuring of the former WHSmith high street business.

While they have not gone completely, several other retailers have been forced to close stores this year, including River Island, Poundland and BrewDog.

Several other companies have fallen into administration, including:


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It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Are you a TSB customer? Let us know in the comments.





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King Charles and Camilla absent from Oxfordshire royal funeral

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Mourners, including members of the Royal Family, travelled to a small village in the county for the funeral of Lady Pamela Hicks on Saturday (June 13).

The service for the 97‑year‑old took place at St Bartholomew’s Church in Brightwell Baldwin, between Wallingford and Watlington.

Lady Pamela died last week at her home in the village, where she had lived for many years with her late husband, interior designer David Hicks.

READ MORE: Mourners arrive for Royal Family funeral in Oxfordshire village

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Among the mourners were Lady Helen Taylor, daughter of Prince Edward, and Penelope Knatchbull, Countess Mountbatten of Burma.

There was no sign of King Charles or Queen Camilla, though, as the funeral came on the same day as Trooping the Colour, the King’s official London birthday parade.

Nevertheless, mourners paid their respects outside St Bartholomew’s Church as the coffin was carried inside, before following the procession for the service.

The small parish church is close to The Grove, the family house that became her long‑term base in Oxfordshire.

READ MORE: Legendary chef heralds shock return of closed Oxfordshire pub

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According to the published order, the funeral was arranged in line with Lady Pamela’s wishes, with rousing hymns but no formal sermon or eulogy during the service.

Lady Pamela was a first cousin of the late Prince Philip and a great‑great‑granddaughter of Queen Victoria.

She was also a bridesmaid at the 1947 wedding of the then Princess Elizabeth and Lieutenant Philip Mountbatten.

READ MORE: Christian Horner and Geri Halliwell to make £45m life decision

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The 97-year-old later served as a lady‑in‑waiting to Queen Elizabeth II and accompanied the then Princess on the 1952 tour of Kenya.

This was when news came through of King George VI’s death and Elizabeth’s accession to the throne.

Following her death on June 5, King Charles paid a warm tribute, saying he was “greatly saddened to learn of the death of Lady Pamela Hicks, a sorrow tempered by the fondest memories and deepest gratitude for her long life and loyal service to Queen Elizabeth.”

In the statement released by Buckingham Palace, he added that her “warmth, wit and perspicacity always made such an impression” and that she would be “so dearly missed by all those who knew and loved her.”

READ MORE: Award-winning UK private school to mark 75th anniversary with celebration

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Lady Pamela is survived by her three children, Edwina, Ashley and India, and several grandchildren, many of whom were expected to attend today’s village service.

Brightwell Baldwin is a small rural parish in South Oxfordshire, about four and a half miles north‑east of Wallingford and close to the foot of the Chiltern Hills.

The village, whose name comes from the Old English for “bright spring”, had a population of just over 200 at the last census and is centred around a handful of stone cottages, farms and the church.

St Bartholomew’s itself dates back to the 13th and 14th centuries, with later medieval additions, and is regarded as one of south Oxfordshire’s most interesting historic churches.





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England transplant team lift the Four Nations trophy

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Led by manager Daley Cross, a renal and transplant youth worker at the Churchill Hospital, the England men’s side claimed the title with a 9-1 win over Scotland in the final.

The tournament, held in Dingwall at the Global Energy Stadium, brought together more than 60 transplant recipients from England, Scotland, Wales, and Northern Ireland, with each team showcasing the life-changing impact of organ donation and the resilience of transplant recipients.

Mr Cross said: “While it’s fantastic to bring the trophy home, the most important thing is the message behind the tournament.

“This is about showing what organ donation makes possible. Every player is living proof of the difference it can make.”

Among the England squad were two kidney transplant recipients cared for at Churchill Hospital – defender Robert Collins, 23, who received a kidney from his uncle in 2009, and goalkeeper Adam Martin, 35, who received a transplant from his sister in 2023.

Mr Collins, from Bedfordshire, said: “I’ve always loved playing football. When I was ill, I couldn’t play at all and I really missed it.

“Having a transplant has given me the chance to get back on the pitch and enjoy the game again.

“Being part of this team makes it even more special. There’s a real bond between us, one that extends beyond football – we’ve all been given a second chance.

“Every time we play, it’s a celebration of that. Scoring goals and winning along the way also helps.”

Mr Martin, from Banbury, said: “Representing your country is always an honour, but doing it alongside all the other transplant recipients – and in recognition of our donors – means so much more.

“I’ll always be forever grateful for the support the team offers and also to my sister for giving me a second chance at life.”

England finished the tournament unbeaten, securing dominant group-stage wins against Scotland (10-0), Northern Ireland (8-2), and Wales (7-0) before winning the final.

Mr Cross, who has worked at Oxford University Hospitals for 11 years, said: “We’re proud of what we’ve achieved on the pitch, but above all we want to raise awareness and encourage more people to consider organ donation.

“It truly saves and transforms lives.”

The tournament also featured public outreach to encourage sign-ups to the NHS Organ Donor Register.

England’s transplant team will now set their sights on the Transplant Football World Cup in Frankfurt, Germany, taking place later this year.

The competition will bring together teams from around the world to promote organ donation and celebrate the achievements of transplant recipients on a global stage.





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Harry Potter star Miriam Margolyes: ‘People don’t like Jews’

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The actress, who was born and grew up in the city, is well known to audiences around the world after starring as Professor Sprout in several of the Harry Potter films.

Known for her character actor work across film, television, and stage, she received the BAFTA for Best Supporting Actress for her role as Mrs Mingott in Martin Scorsese’s 1993 film, The Age of Innocence.

Ms Margolyes was awarded an OBE in 2002 for services to drama, but there were calls for this to be taken back last year.

READ MORE: Oxford Union to host Tommy Robinson for debate despite outcry

The 85-year-old, who is Jewish, has said that “people don’t like Jews” whilst speaking at the Hay Festival in Powys.

Ms Margolyes added that her Jewish identity has shaped her “whole life” and added: “What your parents teach you and what you learn from the community you live in.”

Addressing concerns about rising antisemitism, she told the audience: “Nobody likes me to say this, but I’m going to say it – people don’t like Jews.”

She reflected on how, after the Holocaust – “when millions of Jewish people, and people from other backgrounds, were killed by the Nazis during World War Two” – there was a period when people “realised that they couldn’t say nasty things about Jews because terrible things happened to Jews and they must be sympathetic, so it stopped.”

However, she added that, over time, when “people with no morals who happened to be Jewish” appeared in public life, “the knives came out again, and they have never been put away.”





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