Sainsbury's banking business is sold to NatWest, which acquires over £5bn assets and 1m customer accounts.

Sainsbury's is selling its banking business to NatWest, which will acquire around one million customer accounts, £1.4bn of unsecured personal loans, £1.1bn of credit card balances, and about £2.6bn of customer deposits. The deal, expected to complete in the first half of next year, will not affect banking customers' terms and conditions.

June 20, 2024
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