Santander approaches TSB’s Spanish owner over possible takeover – reports

Sabadell and Santander declined to comment on the speculation (Mike Egerton/PA) - (PA Wire)

Santander has approached the owner of TSB about a possible deal to buy the UK banking group, according to new reports.

Banco Sabadell, the Spanish parent firm of TSB, said on Monday that it had received interest about an acquisition and that it would consider any potential bids.