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Stop Santander takeover of Natwest and RBS

Submitted on Wednesday 12th September 2012

Published on Thursday 13th September 2012

Current status: Closed

Closed: Friday 13th September 2013

Signatures: 8

Tagged with

England ~ Leicester ~ Money ~ Scotland ~ Wales

Petition Action

Stop Santander takeover of Natwest and RBS

Additional Information

Santander plan to take over RBS branches in England and Wales and Natwest Branches in Scotland. Affecting 1.8 million people.

Santander have already acquired Alliance and Leicester, Abby National and Cahoot. They are consolidating branch banking on the high street leaving people with less and less competition and choice on where they bank and invest their money.

Santander’s recent downgrading by ratings agency Moody’s is also a concern. Why is the Government and FSA allowing high street banking choice to diminish. We should have more banks offering competitive products not more banks becoming to big to fail!


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