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MSE News: TSB to be taken over by Banco de Sabadell

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  • KTF
    KTF Posts: 4,850 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    WG0608 wrote: »
    I have just moved to TSB from Natwest. Would not have bothered if I had known about this.
    Because...
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    KTF wrote: »
    Because...

    Some people just don't like being with a non-British bank, even if it is a separate British operation. I assume that's why.
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    TSB have a page on their site.

    http://www.tsb.co.uk/sabadell-information/
  • bsms1147
    bsms1147 Posts: 2,276 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Paul_1977 wrote: »
    Some people just don't like being with a non-British bank, even if it is a separate British operation. I assume that's why.
    Some people cray.
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    bsms1147 wrote: »
    Some people cray.

    With good reason because I suspect most assume their money will be transferred to Spain or something like that.

    If they knew its separate they would not care I don't think. Although I would prefer to be with a independent British bank.
  • scott_lithgows
    scott_lithgows Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Prefer to be with a British building society myself....
    I have a deep burning indifference
  • robin58
    robin58 Posts: 2,802 Forumite
    Well I have shares in Lloyds. I won't see a bloody penny from this sale as the money is going into 'General Operations' fund, which is a banks equivalent of putting money into a big pot and wasting it.
    The more I live, the more I learn.
    The more I learn, the more I grow.
    The more I grow, the more I see.
    The more I see, the more I know.
    The more I know, the more I see,
    How little I know.!! ;)
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    robin58 wrote: »
    Well I have shares in Lloyds. I won't see a bloody penny from this sale as the money is going into 'General Operations' fund, which is a banks equivalent of putting money into a big pot and wasting it.

    1. Why would you see money for it?
    2. The premium paid over and above previous book value is a tiny bit of the size of LBG.
    3. The value of LBG shares has gone up by around 0.5p because of this. If you want to realise the benefits for cash, sell some.
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    I like what I see on the Sabadell website. Lots to read in English. They are trialling something called Sabadell Wallet which allows a customer to use an Android phone with NFC at shop terminals to pay for purchases in a similar way to how we can touch a contactless card on the terminal currently. Hope the trial is successful and leapfrogs Apple in Europe.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • will-he-payitoff
    will-he-payitoff Posts: 816 Forumite
    Part of the Furniture 500 Posts
    So will I be able to use my TSB card in their ATMs at no cost when this goes through?
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