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The Latest Breaking News from Sabadell

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

Euronews

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

Santander said it plans a ‘rationalisation’ of the overall branch network.

Evening Standard

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TSB could disappear from high streets in huge Santander takeover

Santander said it plans a ‘rationalisation’ of the overall branch network

The Independent UK

Santander to buy TSB for £2.65bn amid fears of branch closures and job losses

Purchase would be third major ownership shake-up for high street lender in 12 years

The Guardian - UK

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

Banco Sabadell, the Spanish parent firm of TSB, said on Monday that it had received interest about an acquisition.

Evening Standard

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

The Guardian - UK

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TSB’s Spanish owner considers sale of UK banking business

It comes a decade after Sabadell bought TSB for £1.7 billion to gain a foothold in the UK.

Evening Standard

TSB profits jump on cost-cutting and stamp duty mortgage rush

The Spanish-owned lender posted pre-tax profits of £101.3 million for the first quarter, up from £53.4 million a year ago.

Evening Standard

Banco Sabadell to move HQ back to Catalonia

The boss of Spain's main business confederation, Antonio Garamendi, was optimistic that "everyone comes back home" in the wake of Sabadell—but a potential influx of company HQs back to Catalonia could take some time.

Fortune

Catalonia Eyes Reversal Of Business Exodus After Big Bank Returns

Spanish business circles believe banking giant Sabadell's decision to return its headquarters to Catalonia will entice back the thousands of firms that fled after the region's botched 2017 independence bid.

International Business Times

TSB appoints new chief executive as Robin Bulloch to retire

The bank, which is owned by Spain’s Banco Sabadell, said Marc Armengol would take on the top job from early 2025.

Evening Standard

TSB appoints Marc Armengol as new CEO amid uncertainty over bank’s future

Armengol to replace Robin Bulloch in 2025 but owner Sabadell faces $13bn hostile takeover bid by BBVA

The Guardian - UK

FC Barcelona Secures Pau Victor In Long-Term Deal With Girona

FC Barcelona secures Pau Victor in a transfer deal, enhancing team's attacking options. Pau Victor's journey and impact on the squad.

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International Business Times

Spanish Bank BBVA Goes Hostile In Sabadell Takeover Bid

Sabadell had said Monday that its board had "carefully considered" the initial offer but concluded that it was "not in the best interest" of the bank.

The Guardian - UK

Former TSB chief information officer fined £81,000 over IT meltdown in 2018

Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse

The Guardian - UK

TSB staff and bosses to share £29.8m bonus pot after record profits

Bank hails successful turnaround from IT meltdown in 2018 with profits up 16.5% to £182.5m

Evening Standard

TSB fined almost £50 million for IT meltdown that locked customers out of accounts for weeks

The botched systems change in 2018 led to a weeks-long lockout for customers

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news in one place.

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Reuters

Analysis-Catalonia's economic muscle weakened five years after separatist bid

Five years after Catalonia's attempt to uncouple itself from Spain sent shockwaves across Europe, the independence movement is grappling with internal divisions, dwindling public support and the economic fallout from a corporate exodus.

Bristol Post

Spanish team twinned with Bristol Rovers set for takeover by owner of Championship club

Players from Watford and Udinese could be wearing the blue and white quarters soon, but not those of Bristol Rovers

Insider UK

TSB appoints Glaswegian as new chief executive

Interim boss and former chief customer officer gets the top job permanently

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