Costa banking challenge by TSB
TSB has vowed to step up competition among high street banks after UK regulators said “yes” to a £1.7billion Spanish takeover.
TSB was part of Llyods Baking Group
TSB was part of Lloyds Banking Group until European regulators ordered its sale in return for a £20.5billion bailout. Chief executive Paul Pester said: “Being part of Banco Sabadell will help TSB bring more competition to the UK more quickly and help us break the stranglehold the big five have had.”