Banco Santander SA Chief Financial Officer Jose Garcia Cantera discusses the lender’s decision to agree to buy Banco Sabadell SA’s UK unit TSB. Speaking on Bloomberg Television, Cantera says “most” of the savings from buying TSB will come from projects that TSB is currently running “that we will not need to do when the two banks merge,” and “not all” of the targeted savings will come from job cuts or branch closures. He also talks about how the purchase of TSB will help Santander “stabilize” its
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Santander CFO Says TSB Brand Has a ‘Lot of Value’
