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Santander considers £2bn bid for Yorkshire/Clydesdale branches

Santander 480

Santander is considering a £2bn bid for Yorkshire and Clydesdale banks, according to a report in The Sunday Times.

The move follows Santander’s decision to pull out of its planned £1.65bn acquisition of 316 RBS branches last October due to concerns about timescale and integration complications.

National Australia Bank announced a strategic review of its Yorkshire and Clydesdale brands, which have over 300 branches, last February as part of plans to scale back its UK presence.

Last April, NAB announced it was to cut 1,400 jobs across the Clydesdale and Yorkshire brands by 2015 as part of a streamlining of operations.

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