, Europe
Claudio Schwarz via Unsplash.

Weekly Global News Wrap: Santander to buy TSB; BPER increases BPSO

And India plans to withdraw $11.7b of excess liquidity worth from the banking system.

From CNBC
Santander, Spain’s largest lender, said that it has agreed to buy British lender TSB for $3.6b (£2.65b) from Sabadell in an all-cash deal.

The transaction will generate a return on invested capital of more than 20%, Santander said. This brings its return on tangible equity in the UK from 11% in 2024 to 16% by 2028.

Santander expanded into the UK through its 2004 purchase of Abbey National. But profitability of its UK branch has reportedly faltered, with pre-tax profit down by an annual 38% last year, CNBC reported.

From Reuters:
Italian lender BPER has increased its bid for smaller rival Popolare di Sondrio (BPSO) to 5.44 billion euros ($6.39 billion), the bank said on 3 July 2025.

The bid represents a premium of 3% based on Popolare di Sondrio (BPSO) shares' last closing price, valuing the bank at 5.44 billion euros, according to Reuters' calculation.

From Bloomberg:
India’s central bank plans to withdraw excess liquidity worth $11.7b (IND1t) from the banking system via seven-day variable reverse repurchase action, according to an announcement on 4 July 2025.

The latest move reportedly aims to correct persistent deviations— overnight rates have stayed below the policy rate for a few months— raising concerns over the effectiveness of monetary policy signalling.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!