TSB to be sold to Santander for up to £2.9bn

[Pelican Press 0]

British High Street bank TSB is being sold off by its Spanish-owner to rival Santander in a deal worth up to £2.9bn. The ***** still has to be agreed by Sabadell’s shareholders, but if TSB does change hands, it will be the second time it has been sold in a decade. Santander declined to comment on whether the TSB brand – which can trace its roots back more than 200 years – will remain.

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