TSB Bank to cut 250 more jobs and close 36 branches in cost-cutting drive May 8, 2024 TSB Bank is planning to cut around 250 jobs as part of a broader restructuring effort, joining other mid-sized high street lenders looking to reduce costs.
HSBC, Nationwide and TSB failed to send transaction histories to some customers July 25, 2023 HSBC, Nationwide Building Society and TSB collectively let down a total of nearly 170,000 customers by failing to provide payment transaction histories, according to the competition watchdog. The Competition and Markets Authority (CMA), which has written to the two banks and building society, said the failures are “not acceptable”. The providers breached part five of [...]
TSB’s profits more than double as lending and spending soars July 28, 2022 Edinburgh headquartered bank TSB today said its profits for the first half of the year had more than doubled, as its incomes were boosted by higher lending balances and increased card spending following the end of Covid restrictions. The bank said its statutory pre-tax profits had increased 139.9 per cent to £102.9m, as customer lending [...]
TSB becomes latest bank to press pause on some mortgage lending June 19, 2023 TSB has become the latest lender to press pause on sales of some of its mortgages. The bank said it was removing some mortgages from sale as of 4pm on Monday. The changes apply to products sold both direct and via brokers and TSB is expecting to reintroduce residential deals on Wednesday. For residential mortgages, [...]
TSB owner Sabadell rejects BBVA’s £10.3bn takeover bid which ‘undervalues’ bank May 7, 2024 Banco Sabadell, the Spanish owner of British high street bank TSB, has rejected a €12bn (£10.3bn) all-share merger proposal from its bigger domestic rival Banco Bilbao Vizcaya Argentaria (BBVA).
TSB Bank demand Facebook and Whatsapp take responsibility for fraud on their platforms May 5, 2023 TSB Bank have demanded that Meta-owned companies, such as Facebook and Whatsapp, take greater responsibility for fraud carried out on their platforms as the government launches its new fraud crackdown. Launched earlier this week, the government’s fraud strategy laid out a series of proposals to stop online scammers, but it dropped plans to make tech [...]
Consumer group names TSB, Co-op Bank and Monzo as worst major banks for mobile app security April 24, 2024 The group reviewed the apps and websites of Britain's 13 largest current account providers between January and February, with assistance from computer security experts.
Nationwide, Santander, TSB and Virgin Money probed over ‘measly’ savings rates May 10, 2023 An influential parliamentary body has expanded its inquiry into the low savings rates paid by the UK’s retail banks, describing the current rates on offer as “measly”. Having investigated the UK’s four largest retail banks, MPs at the Treasury Committee have now sent letters to Nationwide, Santander, TSB and Virgin Money. These lenders account for [...]
TSB not for sale, chief of Spanish owner insists September 19, 2022 The chief of Spanish bank Banco Sabadell has dismissed speculation the firm is mulling ditching UK lender TSB. Cesar Gonzalez-Bueno, chief executive of Banco Sabadell, told reporters at an event today “there is no intention to sell” TSB. The push back comes after Edi Truell, a veteran City investor, is reportedly considering setting up an [...]
TSB Bank profits up 45 per cent on rising rates as impairment charges soar too July 27, 2023 TSB Bank’s profits were lifted by rising interest rates, but the bank flagged challenges ahead as impairment charges soared by 54 per cent on last year. In the first half of the year pretax profit climbed 45 per cent to £147.9m, up from £102.9m in the same period last year. The lender noted this was [...]