Santander Britain is considering axing some senior staff members in UK so as to free up cash for its digital expansion plans; it is also planning to cut back on its branch numbers in its home market, though it has no plans to further reduce branches in the Britain. High Street banks are increasingly under pressure to cut costs due to the impending launch of cheaper-to-run digital-only banks.
Santander UK is considering axing some senior staff members in Britain so as to free up cash for its digital expansion plans; it is also planning to cut back on its branch numbers in its home market, though it has no plans to further reduce branches in the UK. High Street banks are increasingly under pressure to cut costs due to the impending launch of cheaper-to-run digital-only banks.