Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery arm
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NatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector.
The lender is to take on the bulk of Sainsbury’s Bank assets including its outstanding credit card, unsecured personal loan and savings accounts.
Continue reading…Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery armBusiness live – latest updatesNatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector.The lender is to take on the bulk of Sainsbury’s Bank assets including its outstanding credit card, unsecured personal loan and savings accounts. Continue reading…