Sainsbury's and Tesco to quit banking!

Money, investing, mutuals etc
Sarah
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Sainsbury's and Tesco to quit banking!

Post by Sarah » Fri Feb 09 2024 3:40pm

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Re: Sainsbury's and Tesco to quit banking!

Post by planteria » Mon Feb 12 2024 6:41pm

it all boils down to the various businesses 'sticking to their knitting', but it could be good for Tesco as a business, and potentially for customers. it'll be interesting to see how Barclays play a part in the Clubcard scheme.
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Re: Sainsbury's and Tesco to quit banking!

Post by Sarah » Mon Feb 12 2024 7:00pm

I wish the legacy T&Cs to persist for as long as possible! :lol:
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Re: Sainsbury's and Tesco to quit banking!

Post by pabenny » Tue Feb 13 2024 9:43am

It'll be a few months before Barclays get the keys and take control at Tesco personal finance. It will probably need regulatory clearance from CMA and FCA.

I don't see any product changes until the autumn at the earliest.
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Re: Sainsbury's and Tesco to quit banking!

Post by Sarah » Thu Jun 20 2024 11:16am

NatWest to buy Sainsbury's banking arm:
https://www.bbc.co.uk/news/articles/czqqzlw0159o
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