Sainsbury's Bank

RBS-owner NatWest Group has agreed to buy a significant portion of Sainsbury's banking business. The banking group will acquire approximately £2.5 billion of gross customer assets, comprising £1.4bn of unsecured personal loans and £1.1bn of credit cards balances, together with appr

Supermarket chain Sainsbury's has decided against the sale of its Edinburgh-based banking operation after talks with potential buyers. In a statement, Sainsbury's said "all such discussions have now ended" and it will maintain ownership of Sainsbury's Bank, which has around two million customers acr

The Sainsbury's Group has said it has received "preliminary expressions of interest" from rivals interested in acquiring the Edinburgh-based Sainsbury's Bank. The bank was established as a joint venture between Sainsbury's and Bank of Scotland in 1997 but has been wholly-owned by Sainsbury's since 2

Roger Davis, the chairman of Edinburgh-based Sainsbury's Bank, is to step down from the role after seven years of service. Mr Davis is also the chairman of RadioData Communications and Future for Heroes, and a non-executive director of credit reference agency Experian and private healthcare brand Bu

Many high street banks are still unable to officer online currency services due to the hack of Travelex.

Santander announced last week that it will slash the interest rate it pays to customers for its 123 current account from 1.5% to 1%.

Former RBS executive Jim Brown has been appointed CEO of Sainsbury's Bank, subject to regulatory approval. Mr Brown will join as CEO designate next Wednesday and will work with outgoing CEO Peter Griffiths for a short handover period.