All the updated news related to sabadell

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City

TSB swings to back to profit but warns over inflation hit to borrowers

High street bank TSB has revealed that record mortgage lending helped it returned to profit in 2021, but warned over pressure on households and businesses from soaring inflation. The Spanish-owned lender posted annual pre-tax profits of £157.5 ...

27 Jan 2022 at 14:55

City

Record mortgage lending helps TSB swing back to profit

High street bank TSB has revealed it returned to profit in 2021 thanks to record mortgage lending and a bounceback in the wider economy. The Spanish-owned lender posted annual pre-tax profits of £157.5 million against losses of £204.6 million ...

27 Jan 2022 at 09:55

City

TSB swings to back to profit, but cautions over inflation hit to borrowers

High street bank TSB has revealed record mortgage lending helped it returned to profit in 2021, but warned over pressure on households and businesses from soaring inflation. The Spanish-owned lender posted annual pre-tax profits of £157.5 ...

27 Jan 2022 at 11:55

City

Spanish bank BBVA makes hostile takeover bid for TSB owner Sabadell

Spanish bank BBVA has launched a hostile 12.23 billion euro (£10.5 billion) takeover bid for TSB owner Sabadell. BBVA has said it will take its offer directly to shareholders in its Spanish rival after a proposal on the same terms was ...

09 May 2024 at 14:41

City

TSB Bank owner Sabadell says potential buyer refuses to raise offer

The owner of TSB Bank has said a rival Spanish bank has refused to raise its offer to buy the business, after revealing it rejected a takeover bid worth about 12 billion euros (£10.3 billion). Banco Sabadell published a letter it ...

08 May 2024 at 11:11

City

TSB plans job cuts and branch closures as it sets aside £29m for cost savings

High street bank TSB could see jobs cut and branches closed this year as part of plans to reduce costs across the group. The bank has set aside about £29 million for a programme of initiatives which it said will help manage ...

02 Feb 2024 at 12:19

City

TSB appoints new chief executive as Robin Bulloch to retire

TSB has named former director Marc Armengol as its new chief executive, as the bank’s owner continues to resist a hostile takeover bid from a Spanish rival. The bank, which is owned by Spain’s Banco Sabadell, said Mr ...

29 Nov 2024 at 11:11

City

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Shareholders of Spanish banking group Sabadell have voted to approve the sale of TSB to Santander after striking a deal worth £2.65 billion. Some analysts think the sale could make it easier for Sabadell to rebuff a ...

06 Aug 2025 at 15:36

City

Santander approaches TSB’s Spanish owner over possible takeover – reports

Santander has approached the owner of TSB about a possible deal to buy the UK banking group, according to new reports. Banco Sabadell, the Spanish parent firm of TSB, said on Monday that it had received interest ...

18 Jun 2025 at 13:02

City

TSB brand could disappear from high streets in £2.65bn Santander takeover deal

The TSB brand could vanish from UK high streets after rival Santander agreed to buy the lender for £2.65 billion, amid fears the deal could lead to branch closures. Sabadell, the Spanish owner of TSB, said last ...

02 Jul 2025 at 07:55

City

TSB posts stronger profits despite ‘challenging’ mortgage market

High street lender TSB has revealed a jump in profits for the past year, despite facing a “challenging mortgage market”. The Spanish-owned bank recorded a pre-tax profit of £290.4 million for 2024, up 22.4% on ...

07 Feb 2025 at 08:32

City

TSB earnings spike ahead of Santander takeover

TSB Bank has revealed its earnings spiked by more than a third this year as it prepares to be taken over by Santander for £2.9 billion. The bank said its financial performance had improved despite consumers ...

13 Nov 2025 at 11:41

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