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14 hours ago · The bank will take on £1.4bn of unsecured personal loans and £1.1bn of credit card balances, as well as £2.6bn of customer deposits. Sainsbury's Bank will pay out £125m to NatWest and £250m ...
14 hours ago · Natwest has agreed to acquire Sainsbury’s core retail banking arm – with the supermarket giant set to pay the lender £125m to take it off its hands. The firms announced on Thursday that ...
7 hours ago · Sainsbury's shares rose 1.54 per cent or 4.00p to 263.60p on Thursday, while NatWest shares were up 0.61 per cent or 1.90p to 314.40p.. Richard Hunter, head of markets at Interactive Investor ...
14 hours ago · Sainsbury’s said it expects to return at least £250 million in excess capital to shareholders after the deal. The retailer said there would be no immediate changes to its banking customers ...
14 hours ago · Sainsbury's will sell the majority of its banking division to NatWest. The assets to be taken over by the UK lender include £1.4 billion (€1.6 billion) in unsecured personal loans, £1.1 ...
14 hours ago · Natwest Group plc (“NatWest Group”) today announces that it has entered into an agreement with Sainsbury’s Bank plc (“Sainsbury’s Bank”) to acquire the retail banking assets and liabilities of Sainsbury’s Bank which comprises its outstanding credit card, unsecured personal loan and saving accounts. NatWest Group expects to acquire approximately £2.5 billion of gross customer assets, comprising £1.4 billion of unsecured personal loans and £1.1 billion of credit cards balances ...
14 hours ago · Supermarket chain Sainsbury's has reached an agreement to sell the majority of its banking business to NatWest. The move will add approximately one million customer accounts to the lending giant's portfolio, as well as £1.4 billion in unsecured personal loans, £1.1 billion in credit card balances and around £2.6 billion in customer deposits.
