Spanish Eyes On UK Banks As Santander Look to Buy RBS Branches

Santander are looking to take over 320 Royal Bank of Scotland branches in England.

The huge Spanish company has already taken over the Aliance and Leicester, Abbey and Bradford and Bingley now looks set to move in and aquire the ailing RBS network of what was Williams & Glyn's.

The RBS is currently propped up with emergency funding from the Bank of England and any buyer would have to repay this within 3 weeks of any deal.

Santander are not going to get RBS branches without a fight as Virgin says that it is still in the race to buy as are Santander's Spanish rivals BBVA.

One can almost hear the old Al Martino song Spanish Eyes is probably playing through the minds of British bankers as the great UK banking sell off continues.

Easter egg windows
the bank teller's perfume
in my pocket

Paul Conneally