BME:SANBanks
What Banco Santander (BME:SAN)'s UK Branch Closures and Digital Pivot Mean For Shareholders
In recent days, Santander UK confirmed plans to close 44 branches by January 2027, putting 291 jobs at risk as 96% of transactions have shifted online and more services move to digital channels and shared banking hubs.
This consolidation of the physical network, paired with the use of “community bankers” and banking hubs, signals a meaningful reset in how Santander balances cost control with maintaining local access to cash and face-to-face support.
Next, we’ll examine how this branch...