As expected, Santander (STD) agrees to buy 318 U.K. branches from RBS (RBS +0.6%) for about...

|By:, SA News Editor

As expected, Santander (STD) agrees to buy 318 U.K. branches from RBS (RBS +0.6%) for about £1.65B ($2.6B).  The transaction will have a positive effect on Santander's earnings per share from the first year. (PR)