NatWest decides against offering to buy TSB
Natwest Withdraws from TSB Bid Natwest has opted out of pursuing TSB, a notable player in the UK High Street banking scene, eliminating one of the frontrunners in a sales process that was likely to draw interest from major banks. Previously, state-owned banks also made the choice to steer clear of acquiring Sabadell-owned retail banks, […]
TSB appoints Marc Armengol as new CEO amid uncertainty over bank’s future – The Guardian
TSB appoints former executive Mark Armengol as new chief executive as it faces uncertainty about its future with its parent company Facing $13bn (£10.2bn) hostile takeover bid. Armengol, a former strategy director at TSB who has been a director since 2022, originally joined Sabadell, the British bank's Spanish owner, in 2002. He will become CEO […]