Banco Sabadell is considering selling TSB Bank, which it acquired for £1.7 billion in 2014, amid a hostile takeover attempt by Spanish rival BBVA. The move comes as TSB, with around 175 UK branches and five million customers, has seen profits nearly double, but the UK banking sector is facing significant changes, including branch closures by other banks like NatWest and Santander.
Need More Context? 🔎
