{"id":6421,"date":"2025-06-17T09:33:49","date_gmt":"2025-06-17T09:33:49","guid":{"rendered":"http:\/\/www.burn-the-priest.com\/?p=6421"},"modified":"2025-06-17T11:34:27","modified_gmt":"2025-06-17T11:34:27","slug":"major-uk-high-street-bank-could-be-put-up-for-sale","status":"publish","type":"post","link":"http:\/\/www.burn-the-priest.com\/index.php\/2025\/06\/17\/major-uk-high-street-bank-could-be-put-up-for-sale\/","title":{"rendered":"Major UK high street bank could be put up for sale"},"content":{"rendered":"
\n
\n\t\t\"Customers\t<\/div>
Customers at ATMs outside a branch of TSB Bank Plc (Picture: Getty)<\/figcaption><\/figure>\n

Banco Sabadell, the company which owns TSB bank,<\/em>\u00a0is considering selling it off as it deals with a hostile takeover.<\/strong><\/p>\n

TSB, which used to be part of Lloyds, has around 175 branches in the UK and around five million customers. <\/p>\n

Its Spanish<\/a> parent firm is now looking at options for selling it.<\/p>\n

The Financial Times reported<\/a> that potential bidders could include Barclays, NatWest<\/a>, Santander UK and HSBC.<\/p>\n

Sabadell has not revealed who has expressed interest, but said it will consider any potential offers.<\/p>\n

\n

\n\t\t\t\tSign up for all of the latest stories\t\t\t<\/h2>\n
\n

Start your day informed with Metro’s News Updates<\/a><\/strong> newsletter or get Breaking News<\/a> <\/strong>alerts the moment it happens. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n\t\t\"LONDON,\t<\/div>
Those signs might be replaced by the branding of a different UK bank (Picture: Getty)<\/figcaption><\/figure>\n

In a regulatory filing, the banking <\/a>giant said it received ‘preliminary non-binding expressions of interest for the acquisition of the entire share capital of TSB.’<\/p>\n

What is TSB’s history in the UK?<\/h2>\n

Although many people still refer to Lloyds TSB, this is now well out of date.<\/p>\n

Lloyds merged with TSB in 1995, and when they also took over HBOS plc in 2009, they become the biggest bank in the UK.<\/p>\n

But in 2013, TSB was spun off to become a separate entity again in a stock market float. <\/p>\n

And a year later, Sabadell bought TSB for \u00a31.7 billion to gain a foothold in the UK.<\/p>\n

Last month, TSB saw first-quarter profits nearly double, crediting cost-cutting and improved mortgage lending ahead of April’s stamp duty deadline.<\/p>\n

The lender posted pre-tax profits of \u00a3101.3 million for the first quarter, up from \u00a353.4 million a year ago.<\/p>\n

Why might it now be sold?<\/h2>\n

Sabadell is trying to see off a takeover by Spanish rival BBVA.<\/p>\n

It has launched a \u00a39.4 billion move to take control, which it plans to put in front of shareholders soon.<\/p>\n

Changes to the high street<\/h2>\n

The UK banking sector is still going through major changes with the ongoing shift towards more online banking.<\/p>\n

NatWest said last week that it will close another 55 branches <\/a>from September, in yet another blow to the high street.<\/p>\n

A total of 52 permanent branches and three mobile vans will shut in the latest wave, including locations in Birmingham, Bristol and Cardiff.<\/p>\n

Santander<\/a> has also announced a spate of bank branch closures<\/a> this summer<\/a>, spelling bad news for UK high streets.<\/p>\n

The potential sale of TSB is the latest in a flurry of recent dealmaking moves in the UK banking sector.<\/p>\n

On Monday, Metro Bank shares jumped after reports it had attracted a takeover approach from investment firm Pollen Street Capital.<\/p>\n

Meanwhile, Santander has reportedly pushed back bids from NatWest and Barclays to buy its UK retail bank.<\/p>\n

Get in touch with our news team by emailing us at webnews@metro.co.uk<\/a>.<\/strong><\/strong><\/strong><\/p>\n

For more stories like this, <\/strong>check our news page<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Customers at ATMs outside a branch of TSB Bank Plc (Picture: Getty) Banco Sabadell, the company which owns TSB bank,\u00a0is considering selling it off as it deals with a hostile<\/p>\n

Continue reading <\/use> <\/svg>Major UK high street bank could be put up for sale<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/posts\/6421"}],"collection":[{"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/comments?post=6421"}],"version-history":[{"count":3,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/posts\/6421\/revisions"}],"predecessor-version":[{"id":6426,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/posts\/6421\/revisions\/6426"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/media\/6423"}],"wp:attachment":[{"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/media?parent=6421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/categories?post=6421"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.burn-the-priest.com\/index.php\/wp-json\/wp\/v2\/tags?post=6421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}