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Santander has announced a major announcement to all of its UK customers . The high street bank, which is rivalled by NatWest, Nationwide, Lloyds, Barclays, has announced that Chief Executive, Mike Regnier, will step down.

Mike helped spearhead the takeover of TSB early this year but now a search for the successor is underway. Speaking out in a memo sent around to customers, Mike said: "It is my intention to step down as CEO of Santander UK by Q1 2026 after what will be four years of great strategic success for the business, culminating in the decision by the Group earlier this year to acquire TSB to accelerate our transformation.

“It had been my intention to move on after 4-5 years with Santander as I have other interests I would like to pursue.

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