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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Jane Croft

NatWest to take on most of Sainsbury’s Bank

NatWest Sainsbury Sainsbury Bank Paul Thwaite
A man withdraws cash from an ATM, Brighton.
The NatWest-Sainsbury’s deal is the latest in a wave of consolidation among smaller lenders. Photograph: Grant Rooney Premium/Alamy

NatWest will take on most of Sainsbury’s banking business, in a deal that will add 1m customer accounts to the lender’s books in the latest wave of consolidation in the sector.

The lender is to take on the bulk of Sainsbury’s Bank assets, including its outstanding credit card, unsecured personal loan and savings accounts.

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