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Selling TSB Bank could weaken Sabadell's appeal as a merger target. The Spanish bank is expected to boost its returns to its shareholders, using the money it receives from Santander in the deal.
TSB Bank boosted commercial lending by 29%, to $222 million, in the March year, its annual report shows. The total loan book grew by 3%, to $7.7 billion. That comprised 13% commercial, up from 10% in ...
The TSB name could disappear from UK High Streets after the British bank's Spanish owner announced its sale to rival Santander.
Selling TSB Bank could weaken Sabadell's appeal as a merger target. The Spanish bank is expected to boost its returns to its shareholders, using the money it receives from Santander in the deal. It is ...
Acquiring TSB could help it consolidate operations, but only if synergies materialize. The deal is a sign of the times, with UK banks consolidating to survive.
The TSB name could disappear from Greenock's town centre following the sale of the business.
British bank TSB will be sold to Santander for £2.65billion after days of speculation.
British bank TSB will be sold to high street rival Santander for £2.65billion after days of speculation. The deal to acquire TSB from Sabadell, beating rival Barclays, was confirmed today (July 1).
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