Santander CFO: 'Not all' savings from job cuts and closures in TSB deal

The main reason uh why the numbers work is because yes we can uh operate this the combined entities with a lower cost base but most of these savings will come from projects uh that TSB is currently running that we will not need to do when the two banks merge investments in digital uh means and channels etc that we are doing at Sant and there. So yes, there will be savings. Yes, we think these savings will help us offer better products at lower cost to the customers.Uh but not all of these costs will come fr ...