(IN BRIEF) Banco Sabadell has completed the sale of its UK subsidiary TSB to Banco Santander for approximately €3.3 billion, generating a capital gain of just over €300 million and strengthening its capital position by more than 400 basis points. … Read the full press release →
Posted in Banks, Business, Financial, Investment, Management, News, United Kingdom
Tagged Banco Sabadell, Banco Sabadell completes €3.3 billion sale of TSB to Banco Santander and announces special shareholder dividend, Banco Santander, banking divestment, banking sector, capital gain, César González-Bueno, corporate banking, dividend payout, financial transaction, loan growth, Marc Armengol, mergers and acquisitions, Retail Banking, Sabadell finalises TSB divestment strengthening capital position and supporting multi-billion euro shareholder returns strategy, Santander UK, shareholder remuneration, Spain banking strategy, TSB Bank, UK financial market
(IN BRIEF) BBVA has received approval from the U.K.’s Prudential Regulation Authority (PRA) to take indirect control of TSB Bank, a subsidiary of Banco Sabadell. This approval is a key step in BBVA’s plan to acquire Banco Sabadell, which will … Read the full press release →
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Spain, United Kingdom
Tagged acquisition, Banco Sabadell, BBVA, partnership, TSB Bank, UK
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