TSB

TSB fails to fully roll out extra online security 10 months after deadline

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TSB still hasn’t rolled out extra online banking security for all customers 10 months after deadline as it comes second-bottom for online security The bank ranked second bottom for online security in new research by Which?  This was largely due to its failure to roll out two-factor authentication  Banks had been required by the regulator … Read more

Santander rules itself out of race to buy TSB

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Santander rules itself out of race to buy TSB… so could Virgin Money make a bid? Sources told The Mail on Sunday that Santander was not looking to buy TSB  Santander’s smaller Spanish rival Sabadell paid £1.7billion for TSB in 2015  By Emma Dunkley For The Mail On Sunday Published: 22:21 GMT, 2 January 2021 … Read more

Private equity firms approach Sabadell about buying TSB

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Private equity firms approach Sabadell about buying TSB from the Spanish bank By Emma Dunkley, Financial Mail On Sunday Published: 21:51 GMT, 28 November 2020 | Updated: 21:51 GMT, 28 November 2020 Private equity firms have approached Sabadell about buying TSB from the Spanish bank.  It is understood that NewDay, a credit card provider, looked … Read more

TSB, Sainsbury’s Bank and Co-op on the block as bidders circle

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British banks on block as bidders circle: TSB, Sainsbury’s Bank and Co-op Bank lined up as takeover targets By Lucy White For The Daily Mail Published: 22:02 GMT, 17 November 2020 | Updated: 23:26 GMT, 17 November 2020 Three British banks could soon be changing hands as a wave of dealmaking sweeps across the sector. … Read more

Best balance transfer cards: TSB has longest term of 29 months

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Warning to those in debt as 0% balance transfer credit card terms shrink: TSB now has longest deal at 29 months but others come without a fee The longest 0% period for balance transfer credit cards is now 29 months  Longest interest-free period was up to 39 months in November 2017  TSB credit card tops the … Read more

Home buyers to stump up 40 per cent deposits as TSB and Barclays stop handing out mortgages

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Now home buyers need to stump up 40 per cent deposits to get a mortgage as economic devastation from coronavirus threatens a new credit crunch TSB has withdrawn two-year mortgage deals with less than 40 per cent deposits Barclays has ended mortgages for borrowers with less than a 25 per cent deposit A Bank of … Read more

RUTH SUNDERLAND: Blow for TSB customers as more branches close

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Banks have so far managed to avoid making themselves major villains in the pandemic. Unlike some insurers, which have tried to wriggle their way out of paying valid claims to small firms, they have been working with the Government to support business and families. Covid-19 has presented our High Street lenders with an opportunity to … Read more

TSB will axe 900 jobs and close 164 high street bank branches

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TSB will axe 900 jobs and close 164 high street bank branches Edinburgh-based bank says it expects most of the redundancies to be voluntary  TSB said branch network would be the seventh biggest in the UK after closures Some 193,731 job losses now announced by major UK employers since lockdown TSB, part of Sabadell, says … Read more

Buyers with a 10 per cent deposit have one day to secure a mortgage from TSB

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First-time buyers forced to scramble for mortgages as one bank launches a 90% mortgage this morning but says it will pull it at 5pm TODAY TSB is the latest bank to offer small deposit mortgages for a limited time The lender released a 90 per cent loan-to-value deal for one day only, before pulling it … Read more