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santander uk considers sir tom scholar for chairman position amid speculation

Sir Tom Scholar, the former Treasury chief dismissed by Liz Truss, is poised to become the new chairman of Santander UK, pending regulatory approval. His appointment comes amid speculation about the bank's future, including potential mergers, although Santander's group executive chair has indicated the UK remains a core market. Scholar, respected for his role during the 2008 financial crisis and the COVID-19 furlough scheme, will collaborate with CEO Mike Regnier if confirmed.

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