NatWest to take on most of Sainsbury’s Bank
by Kalyeena Makortoff and Jane Croft from World news | The Guardian on (#6NNAT)
Deal comes as supermarket seeks to offload businesses in order to focus on core grocery arm
NatWest will take on most of Sainsbury's banking business, in a deal that will add 1m customer accounts to the lender's books 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...