Santander Is Reconsidering Its Presence in the UK, FT Says (1)

Banco Santander SA is reconsidering its presence in the UK, and may exit the market as it contends with lower returns relative to other markets, the Financial Times reported Saturday.

The Spanish lender is exploring a range of options, including keeping the business, and no deal is imminent, people with knowledge of the matter told the newspaper. Santander is also dealing with the effect of a British court ruling on car loans, the FT said.

“The UK is a core market for Santander and this has not changed,” a spokesperson for the bank said Saturday in an email.

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