Santander and Barclays were said to be the main contenders left in the race to acquire TSB, according to Bloomberg, citing people familiar with the matter.
Banco de Sabadell
27 June 2025 16:08:40
Source: Sharecast
Santander and Barclays were allegedly the only banks with offers for the business on Friday, Bloomberg's sources said. BancoSabadell, which owns TSB, will now likely pick one of the two remaining banks to enter negotiations with regarding a potential sale.
However, Bloomberg's sources also said there was no guarantee that Barclays and Santander would make a bid, and noted that Sabadell may still opt not to go ahead with the sale of TSB.
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