3 sources·Business

Santander to Close 95 UK Branches, Putting 750 Jobs at Risk

Santander plans to close 95 branches in the UK, resulting in job losses, due to a shift towards digital banking.

The distribution of story sources: left-leaning (blue), center (light gray), and right-leaning (red).
Reliable
The underlying sources consistently report facts with minimal bias, demonstrating high-quality journalism and accuracy.
Balanced
The underlying sources are either a balanced mix of left and right or primarily centrist.
  1. Santander to close 95 branches across the UK

    It is the latest bank to announce branch closures, with Lloyds announcing 136 closures in January.

    Santander to close 95 branches across the UK

    BBC NewsBBC News·1M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  2. Santander says 750 jobs at risk as it pursues UK branch closures

    Questions have risen over the future of Santander's international footprint, just two decades since its acquisition of Abbey National brought it to the front of Britain's high street.

    Santander says 750 jobs at risk as it pursues UK branch closures

    CNBCCNBC·1M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  3. Santander to close 95 UK branches, putting 750 jobs at risk

    Santander said there had been a “rapid movement” of customers shifting their banking online, with a 63% increase in digital transactions since 2019.

    Santander to close 95 UK branches, putting 750 jobs at risk

    The GuardianThe Guardian·1M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Leans Left
    This outlet slightly leans left.
  1. BBC News
  2. CNBC
  3. The Guardian
Updated: Mar 19th, 2025, 9:14 AM ET

Summary

A summary of the key points of this story verified across multiple sources.

Santander has announced plans to close nearly a quarter of its UK branches, affecting 750 jobs. The closures are in response to a significant decline in branch transactions, with digital banking becoming increasingly popular. The bank will reduce services at additional branches and introduce community bankers to assist customers. Santander aims to modernize its banking network to better meet customer needs while maintaining a presence across the UK, with most customers still within reasonable distance of a branch or community service.

Perspectives

Compare opinions on this story from liberal (Left), conservative (Right) or center-leaning news organizations.

  • Santander is set to close 95 branches in the UK, leading to 750 job cuts as customer preferences shift toward online banking.

  • The decision is part of a broader restructuring, resulting in 349 remaining branches, including full-service, reduced-hour, and counter-free options, along with the introduction of community bankers to assist customers.

  • Consumer advocates express concern over the impact of branch closures on cash access for many customers, advocating for quicker rollout of banking hubs to mitigate potential service gaps.

FAQs

A list of follow-up questions readers often ask about this story.