news 
Title: TSB Could Be Sold Off By Spanish Owner Banco Sabadell
Banco Sabadell, the Spanish parent firm of TSB, has announced its intention to consider the sale of the British high street bank. This decision comes as the institution seeks to defend itself from a hostile takeover bid by major rival BBVA. According to regulatory filings, Banco Sabadell has already received “preliminary non-binding expressions of interest” for the acquisition of TSB’s entire share capital.
It is worth noting that this development follows a tumultuous year in the British banking sector. As the article highlights, Metro Bank shares have soared after reports emerged that it had attracted a takeover approach from private equity firm Pollen Street Capital. Additionally, Santander has reportedly pushed back bids from NatWest and Barclays to purchase its British arm.
TSB currently operates approximately 175 branches across Britain. The institution was previously spun off by Lloyds in a stock market float just one year after Banco Sabadell acquired TSB for £1.7 billion.
Source: www.dailymail.co.uk
