TSB boss Paul Pester beaten in AJ Bell London Triathlon race August 9, 2015 TSB chief Paul Pester took to the Thames in Canary Wharf over the weekend for the AJ Bell London Triathlon, but was beaten in the race by regional managers from his own bank. Throughout the year, Pester has pestered TSB colleague from across the country to join him in completing the corporate leg of [...]
TSB profits slide as boss sounds off on bank levy July 23, 2015 TSB SHARES were up slightly at the close yesterday, despite the bank seeing a double-digit drop in profits for the first half after being impacted by a number of factors, including the takeover by Sabadell. The bank, which is being bought by Spanish group Banco Sabadell in a £1.7bn deal, said pre-tax profits were down 20.1 [...]
Where can I use Apple Pay? Tesco Bank and TSB customers can now use contactless mobile payment with iPhones 6, 6 Plus, 6s, 6s Plus and Apple Watch November 17, 2015 The roll out of Apple Pay continues, with UK banks TSB and Tesco Bank now supporting the contactless payment method which can be used with iPhone and Apple Watches. They bring the total number of banks to jump on board with Apple Pay to thirteen after it launched in July with most of the major banks involved. Barclays is [...]
Saving no longer as easy as 1, 2, 3: Santander chops interest rate on top account – and now Lloyds is considering a rate change too August 15, 2016 Santander has today confirmed it is slashing interest rates on its popular 1,2,3 account to 1.5 per cent, while Lloyds has revealed it is mulling its options. Santander's change in rate will be effective from 1 November, and it is also making some changes to the overdraft rates. In a statement issued this morning, the bank [...]
Spanish bank Sabadell to apply squeeze out on TSB’s investors July 8, 2015 SABADELL yesterday put out a compulsory purchase order for the remaining shares in TSB, after the vast majority of stakeholders accepted the Spanish bank’s offer. Under takeover rules, the rest of the shareholders in the challenger bank will be forced to sell their stake because acceptances topped the 90 per cent threshold. Sabadell – Spain’s fifth-biggest [...]
Now we can all bank like the super-rich – as Goldman Sachs offers bank accounts to the hoi polloi April 25, 2016 Goldman Sachs might be used to dealing with the wealth of the world's highest rollers – but now you can feel just as exclusive, after the bank launched a drive for new retail bank customers. Yep – having revealed last week it had completed the acquisition of online retail bank GE Capital Bank and rebranded it as GS [...]
Barclays customers can now use Apple Pay… finally April 5, 2016 It's been a long old wait, but Barclays has finally jumped on board the Apple Pay bandwagon. Barclays is the last of the major banks to support Apple Pay in the UK, letting customers pay with just the swipe of their iPhone or Apple Watch. “Since we introduced contactless to the UK in 2007, it’s [...]
TSB first half profits down 20 per cent as it reaches final stage of Sabadell takeover July 23, 2015 TSB has revealed a double-digit drop in profits for the first half as it enters the final stage of its takeover by Spanish group Banco Sabadell. The figures: The challenger bank said pre-tax profits were down 20.1 per cent to £44m, while statutory profits fell even further – down 44 per cent to £23.2m in [...]
Metro Bank shares jump on soft float, despite earlier fears over market volatility forced the bank to downgrade its share price March 7, 2016 Metro Bank shares have jumped by 7.5 per cent since their so-called introduction to the London Stock Exchange this morning. The bank had lowered its share price to £20 from £24 previously due to market volatility and a sell off of banking stocks since the beginning of the year. Prices have now mostly recovered however. [...]
Cambridge & Counties bank reports fourfold increase in profit March 13, 2016 Small business lender Cambridge & Counties Bank has reported profit before tax of £10.2m, up fourfold on the £2.5m posted the year before. The bank’s loan book grew by 66 per cent to reach £416m, while deposits increased by 21 per cent to £472m. The bank, owned by the University of Cambridge’s Trinity Hall and [...]