Natwest rules out TSB takeover June 19, 2025 Natwest has ruled out a takeover of UK high street bank TSB. The FTSE 100 juggernaut was viewed as the “most likely acquirer” by analysts, with the firm hotly anticipated to begin a deal spree after it re-entered private ownership last month. TSB’s Spanish owners, Banco Sabadell, confirmed earlier this week that it had received [...]
Mark Kleinman: Poundland buyer bargains on a revival June 19, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly Morning Wire column Poundland buyer bargains on a revival Anyone for a bargain? Buying a chain of pound shops for a price lower than that of the goods it sells must feel like a pretty appealing deal for Gordon [...]
Santander interested in TSB takeover June 18, 2025 Santander has approached its Spanish banking peer, Banco Sabadell, regarding a takeover of its UK high street bank, TSB. Britain’s fifth-largest lender is reported to have expressed interest in a deal for TSB, which follows owners Sabadell confirming earlier this week it had been approached regarding acquisitions. A formal offer is yet to be tabled, Sky News [...]
Natwest top pick to acquire TSB June 17, 2025 British banking juggernaut Natwest Group has been pegged as the “most likely acquirer” of TSB Bank. Natwest returned to private ownership last month, ending a nearly two-decade-long banking saga and setting the lender up for a deals spree. The bank has purchased over £5bn worth of shares from the Treasury as part of its directed buyback [...]
Banco Sabadell weighing sale of TSB Bank June 17, 2025 Banco Sabadell is mulling the sale of its British high street bank TSB after receiving expressions of interest. The Spanish lender confirmed last night that it has been approached regarding a potential takeover. Sabadell is reportedly working with advisers to examine the sale of the high street lender and has been in contact with potential [...]
TSB Bank’s profit rockets from stamp duty rush and cost-cutting May 8, 2025 TSB Bank’s cost-cutting plans and a rush to beat the stamp duty deadline imposed by Chancellor Rachel Reeves helped bolster profits in the first quarter. The Edinburgh-headquartered lender increased profit before tax to £101.3m for the first three months of 2025 – an 89 per cent jump from £53.4m in 2024. Operating expenses fell 4.7 [...]
TSB’s new boss takes helm amidst parent company’s uncertainty March 21, 2025 UK retail bank TSB announced on Friday that Marc Armengol had taken over as its new chief executive officer. Armengol, who previously served as corporate strategy director at the lender, was tapped for the role in November 2024. His appointment follows the retirement of former boss Robin Bulloch. Before joining TSB, Armengol worked at the [...]
Lloyds partners with ‘Duolingo of money’ to target Gen Z February 10, 2025 Lloyds Bank has partnered with fintech platform Doshi to improve young people’s financial literacy through “gamified learning”. The Big Four bank is launching a six month pilot, targeting 18 to 24 year-olds to make financial education “fun and accessible”. Doshi’s founder Daniel Rose told Morning Wire high street banks do not have “much time left” [...]
TSB Bank names new boss as Robin Bulloch to retire November 29, 2024 TSB Bank has appointed Marc Armengol to be its new chief executive as current boss Robin Bulloch prepares to retire after a 45-year career in banking. The bank said on Friday that Armengol, director of operations and technology at Spanish parent company Banco de Sabadell, is expected to rejoin TSB in early 2025. He previously [...]
TSB Bank handed huge fine for failing customers in arrears October 10, 2024 The financial watchdog has fined bank TSB almost £11m over its treatment of customers, but the penalty could have been even worse. TSB Bank will have to pay £10,910,500 after the Financial Conduct Authority (FCA) found it had failed to ensure customers in arrears were treated fairly. The FCA said it also didn’t have sufficient [...]