View more on these topics

Santander makes formal offer for Williams & Glyn


Santander has made a formal offer to buy Williams & Glyn from RBS, according to Sky News.

Santander is looking to transfer over all the Williams & Glyn assets, including its 314 branches, 3,000 customers, loan book and deposit book.

The Treasury has reportedly been told about the offer.

The Government is forcing RBS to sell Williams & Glyn as part of its 2008 bailout terms.

Sky News says that RBS selling assets rather than creating a new bank speed up the deal but yield a lower price to the seller.

RBS will report on its half year results on Friday.

A Santander spokeswoman says: “Whilst our focus is organic growth, we will continue to analyse opportunities in our  10 core markets where they add value and benefit to our customers and shareholders. That said, we do not comment on rumours or market speculation.”

An RBS spokesman would not comment.



RBS makes £968m loss and delays Williams & Glyn sale

RBS has made a loss of £968m in the first quarter of 2016 after a £1.2bn dividend payment to the government. If the £1.2bn figure is removed then RBS made a pre-tax profit of £421m, up from £37m in Q1 2015. The bank also announced it was delaying plans to sell Williams & Glyn. The […]


Challenger bank eyes RBS spin-off Williams & Glyn

Challenger bank Secure Trust is weighing up a bid for Royal Bank of Scotland arm Williams & Glyn, according to City AM. Santander and BBVA are also tipped to bid for Williams & Glyn, which has 300 UK branches. RBS must sell Williams & Glyn by the end of 2017 under the conditions of its […]


Santander and Virgin eye £2bn Williams & Glyn

Santander UK and Virgin Money are preparing to bid for Williams & Glyn, the bank due to be spun out of Royal Bank of Scotland. Sky News reports the two banks are the organisations mentioned in a statement issued today that referred to a “number of informal approaches” for its Williams & Glyn business. The […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Andrew Charles 3rd August 2016 at 12:41 pm

    Is this correct?

    “Santander has made a formal offer to buy Williams & Glyn from Santander, according to Sky News.”