Why could Santander bank leave the UK? - The bank has not been performing as well as expected and its owner, Banco Santander, may be looking at an exit

The update from executive chairman Ana Botin comes after the Financial Times reported last week that Santander could quit the UK due to excessive red tape

Santander's executive chairman Ana Botin has firmly rejected speculation about the bank's potential exit from Britain, declaring "we love the UK" at the World Economic Forum in Davos. Botin stated that Britain "is a core market and will remain a core market for Santander fullstop.

Watchdogs have promised to ease some of those restrictions as part of an effort by the Chancellor Rachel Reeves to promote growth