Santander's plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together only a few weeks ago, after the Spanish bank had been considering a possible exit from Britain,

The £2.65 billion deal which Santander has agreed to acquire the TSB Banking Group could eventually see the TSB name disappear from the High Street

Santander said it “intends to integrate TSB in the Santander UK group”. The TSB name could disappear from UK High Streets after the British bank’s Spanish owner announced its sale to rival Santander.