Tesco Bank

Barclays UK has sealed a deal to acquire Edinburgh-headquartered Tesco Bank's retail banking business for an initial £600 million.

Tesco Bank is planning to transfer 236 Glasgow-based jobs to Arrow Global after securing a deal to outsource its debt collection and recovery operations. The lender announced that all members of staff moving across under Transfer of Undertakings (Protection of Employment) regulations would be protec

Tesco Bank has confirmed all Tesco Bank Personal Current Accounts will close from Tuesday 30 November 2021. Tesco Bank’s Current Account was closed to new business in December 2019 and will now also close for existing customers.

Tesco Bank has announced the appointment of Gary Duggan to the roles of interim chief executive officer, Tesco underwriting, and interim chief insurance officer. Mr Duggan has spent his career in banking and insurance and is currently a senior adviser at Oxbow Partners, a European insurance consulta

Tesco has no plans to sell its Edinburgh-based banking arm despite it continuing to 'act as a drag'. The supermarket giant made a pre-tax profit of £551 million in the first half of this year, marking nearly a 29% increase compared on the same period in 2019, on revenue of £28.7 billion,

Tesco Bank's chief transformation officer Sandy Begbie is to lead plans to develop a jobs guarantee for young Scots.  First Minister Nicola Sturgeon said Mr Begbie will lead work on the implementation plan for the scheme.

Former UK Treasury official Sir John Kingman has been appointed as the new chairman of Edinburgh-based Tesco Bank. Sir John Kingman has considerable financial services experience gained as second permanent secretary at HM Treasury and chairman of Legal & General.

Tesco Bank has appointed Gary Balmer as its new chief information officer. 

Scottish banks have been ranked lowest for customer service in the latest Competition and Market Authority (CMA) analysis.

Tesco Bank is to create 100 new technology and change rolls in its Edinburgh office as part of a wider investment in customer-centric solutions that will help better meet the needs of Tesco shoppers. A further 20 jobs are to be created at Tesco Bank's Newcastle office. This is in addition to the 20

Lloyds Banking Group has purchased Tesco Bank's mortgage book for £3.5 billion. The purchase emerges after a ferocious price war which led Tesco to abandon the mortgage market. Lloyds successfully beat competing bids from rivals Santander and Royal Bank of Scotland. 

Royal Bank of Scotland (RBS) and NatWest are suffering their second IT outage in one week, with online services failing early Tuesday morning.

Sigga Sigurdardottir has been appointed as Tesco Bank's new chief customer officer. She is due to begin her new role on November 4 after leaving her current role as chief customer and innovation officer at Santander UK, where she led digital and cultural change. She has been employed in the financia

Tesco Bank has announced the closure of its Haymarket Yards office, with about 250 staff to move to Glasgow and Newcastle while the bulk - around 600 employees - move to South Gyle. A spokesperson for Tesco Bank said the move was being made "from a position of strength".