TSB is up for sale again

Lightning360

WillPS said:

HillStreetBlues said:

Looks like I've had the last switching reward from TSB as by time I qualify again the brand will be gone.

Santander trades under 3 different brands in the UK. Bit soon to conclude TSB as a brand is going to be squelched.

They don't exactly do much with their other 2 brands, and most won't have a clue they exist. TSB is at least well known, but as you say, we have no idea what they will end up doing. Could follow Lloyds TSB and create Santander TSB 😁

alfred64

Not good news. One less and more closures and redundancies not to mention less accounts on offer.

WillPS

Hoenir said:

Lloyds received no Treasury support. [..] The Treasury provided a £25 billion loan to LLoyds to keep HBOS solvent. 

They did, as you note.

There's no alternative version of events where Lloyds TSB did not acquire HBOS; but it's pretty brave to suggest that if that happened they would not have taken any treasury support.

masonic

It's hardly thrived under the stewardship of Sabadell.

danny13579

alfred64 said:

Not good news. One less and more closures and redundancies not to mention less fewer accounts on offer.

There's already a thread about this here.

Gers

https://www.bbc.co.uk/news/articles/cdjxxvg3vpeo

TSB name could disappear from UK in Santander deal

GeoffTF

Gers said:

https://www.bbc.co.uk/news/articles/cdjxxvg3vpeo

TSB name could disappear from UK in Santander deal

Is that shocking enough to deserve the giant print?

subjecttocontract

I can t imagine that the sale of TSB will bother very many people. They never offered much in the first place so there ain't much to loose. The only thing I ever used at TSB was their reg saver and that wasn't great most of the time. I won't miss them and will probably forget them within a week of their sale.

steven141

I think that it makes sense to rebrand as Santander and accounts transferred across to their system. It is a shame as the TSB brand is 200 years old.

The good thing is that Santander usually offer competitive products so hopefully this will boost that and allow them to continue to offer them.

Middle_of_the_Road

masonic said:

It's hardly thrived under the stewardship of Sabadell.

Exactly, it's not like we're seeing another great British institution becoming foreign owned, as it already is.