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  • FIRST POST
    • Former MSE Paloma
    • By Former MSE Paloma 20th Mar 15, 8:53 AM
    • 526Posts
    • 245Thanks
    Former MSE Paloma
    MSE News: TSB to be taken over by Banco de Sabadell
    • #1
    • 20th Mar 15, 8:53 AM
    MSE News: TSB to be taken over by Banco de Sabadell 20th Mar 15 at 8:53 AM
    Spain's Banco de Sabadell and TSB have reached an agreement on a 1.7 billion takeover of the British lender ...

    Read the full story:

    "TSB to be taken over by Banco de Sabadell '




    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

    Last edited by Former MSE Helen; 20-03-2015 at 12:22 PM.
Page 1
    • VT82
    • By VT82 20th Mar 15, 9:04 AM
    • 1,050 Posts
    • 889 Thanks
    VT82
    • #2
    • 20th Mar 15, 9:04 AM
    • #2
    • 20th Mar 15, 9:04 AM
    1.7 million or 1.7 billion?

    To most banks, 1.7 million is about the size of a rounding error.
    • grumbler
    • By grumbler 20th Mar 15, 9:10 AM
    • 51,733 Posts
    • 21,941 Thanks
    grumbler
    • #3
    • 20th Mar 15, 9:10 AM
    • #3
    • 20th Mar 15, 9:10 AM
    Can I offer 1.8?
    We are born naked, wet and hungry...Then things get worse.

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
    .....guaranteed, NOT guarenteed
    • Steve_xx
    • By Steve_xx 20th Mar 15, 9:29 AM
    • 6,677 Posts
    • 2,812 Thanks
    Steve_xx
    • #4
    • 20th Mar 15, 9:29 AM
    • #4
    • 20th Mar 15, 9:29 AM
    Can I offer 1.8?
    Originally posted by grumbler

    Let's go mad grumbler and make a joint offer of half a crown! That should clinch it.
    • Fruit and Nut Case
    • By Fruit and Nut Case 20th Mar 15, 9:36 AM
    • 3,982 Posts
    • 2,973 Thanks
    Fruit and Nut Case
    • #5
    • 20th Mar 15, 9:36 AM
    • #5
    • 20th Mar 15, 9:36 AM
    Previous thread: TSB Takeover Approach
    Are you for real? - Glass Half Empty??
    • Archi Bald
    • By Archi Bald 20th Mar 15, 10:04 AM
    • 9,376 Posts
    • 7,432 Thanks
    Archi Bald
    • #6
    • 20th Mar 15, 10:04 AM
    • #6
    • 20th Mar 15, 10:04 AM
    Can I offer 1.8?
    Originally posted by grumbler
    Bidding war started. My offer is 1.9 million.
    • benjus
    • By benjus 20th Mar 15, 11:26 AM
    • 5,311 Posts
    • 3,269 Thanks
    benjus
    • #7
    • 20th Mar 15, 11:26 AM
    • #7
    • 20th Mar 15, 11:26 AM
    I offer a nice shiny ha'penny
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
    • zolablue25
    • By zolablue25 20th Mar 15, 11:33 AM
    • 1,625 Posts
    • 473 Thanks
    zolablue25
    • #8
    • 20th Mar 15, 11:33 AM
    • #8
    • 20th Mar 15, 11:33 AM
    I didn't think Spanish banks had any money at all.
    • Former MSE Helen
    • By Former MSE Helen 20th Mar 15, 12:21 PM
    • 2,324 Posts
    • 971 Thanks
    Former MSE Helen
    • #9
    • 20th Mar 15, 12:21 PM
    • #9
    • 20th Mar 15, 12:21 PM
    Thanks for flagging that mistake VT82 - it should read 1.7 billion - we've updated the piece to reflect this.
    • Hazzanet
    • By Hazzanet 20th Mar 15, 12:26 PM
    • 1,655 Posts
    • 934 Thanks
    Hazzanet
    Quiero una tarjeta de debito nueva por favor.
    4358
    • Herbalus
    • By Herbalus 20th Mar 15, 12:34 PM
    • 2,367 Posts
    • 2,077 Thanks
    Herbalus
    Quiero una tarjeta de debito nueva por favor.
    Originally posted by Hazzanet
    porque? no la uso de todas formas, y supongo que no la usas tampoco.

    El asunto pertinente es el 5%

    For non-linguists: Why do you want a new card? I don't use mine and suspect you don't either. The pertinent point is the 5%.
    • Paul_1977
    • By Paul_1977 20th Mar 15, 1:32 PM
    • 977 Posts
    • 305 Thanks
    Paul_1977
    I hope they rename it.
    • Archi Bald
    • By Archi Bald 20th Mar 15, 1:44 PM
    • 9,376 Posts
    • 7,432 Thanks
    Archi Bald
    I hope they rename it.
    Originally posted by Paul_1977
    If you mean the TSB name should go, you will be disappointed as there is no plan to do so. There isn't any obvious benefit that I can see so the cost probably couldn't be justified - which benefits do you see?
    • Paul_1977
    • By Paul_1977 20th Mar 15, 1:46 PM
    • 977 Posts
    • 305 Thanks
    Paul_1977
    If you mean the TSB name should go, you will be disappointed. There isn't any obvious benefit that I can see so the cost couldn't be justified - which benefits do you see?
    Originally posted by Archi Bald
    No, I hope it does go.

    Santander changed Abbey, what was the benefit of that.

    If they re-name, its a stronger brand. If I was them I would rename TSB to Sabadell TSB perhaps.
    • Archi Bald
    • By Archi Bald 20th Mar 15, 1:54 PM
    • 9,376 Posts
    • 7,432 Thanks
    Archi Bald
    No, I hope it does go.

    Santander changed Abbey, what was the benefit of that.

    If they re-name, its a stronger brand. If I was them I would rename TSB to Sabadell TSB perhaps.
    Originally posted by Paul_1977

    I can't quite follow your logic. What benefit will shareholders and/or customers get from a name change? Do you appreciate the enormous cost that even a slight change of name would incur? Where is the business case? In , please.

    Santander was an entirely different matter, for literally dozens of reasons.
    • colsten
    • By colsten 20th Mar 15, 2:00 PM
    • 10,852 Posts
    • 10,072 Thanks
    colsten
    There is no intention to change the name

    Sabadell intends to continue to operate TSB as a robust competitor in the UK banking market, building on the TSB brand name.
    http://www.tsb.co.uk/WorkArea/DownloadAsset.aspx?id=6442454126
    • Paul_1977
    • By Paul_1977 20th Mar 15, 2:36 PM
    • 977 Posts
    • 305 Thanks
    Paul_1977
    I can't quite follow your logic. What benefit will shareholders and/or customers get from a name change? Do you appreciate the enormous cost that even a slight change of name would incur? Where is the business case? In , please.

    Santander was an entirely different matter, for literally dozens of reasons.
    Originally posted by Archi Bald
    Well of course there would be a cost, but I don't understand how Santander was any different in terms of the re-brand.

    There is not really any benefit to customers when a business re-brands most of the time.
    • Paul_1977
    • By Paul_1977 20th Mar 15, 2:37 PM
    • 977 Posts
    • 305 Thanks
    Paul_1977
    Originally posted by colsten
    I would never rule it out, they might do it in five years time.

    But as this link suggests it won't be any time soon by the looks of it, but I'm quite sure it will happen.
    • Pincher
    • By Pincher 20th Mar 15, 3:00 PM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    I wonder, did Sabadell borrow from ECB, at 0.1% or something like it, under QE, and has nothing to spend it on?


    Lend it to me, I'll buy Lamborghinis and Ferraris, spend it on Petrus at 2,000 a bottle, and beautiful women in the Eurozone. That's how you circulate the money in the Eurozone. How is buying TSB in the UK going to help the European economy?
  • WG0608
    I have just moved to TSB from Natwest. Would not have bothered if I had known about this.
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