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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

UK bank TSB could be sold off by Spanish owner Sabadell

TSB Sabadell BBVA United Kingdom
TSB sign
TSB was acquired by Sabadell in 2015 for £1.7bn. Photograph: Dylan Garcia ARPS/Alamy

The Spanish bank Sabadell has said it has received interest from prospective buyers of its UK division TSB, and said it would assess any firm offers it may receive.

Sabadell wants to sell TSB as it battles to fend off an €11bn (£9.4bn) hostile approach from its Spanish rival BBVA.

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