Santander and Barclays in race to acquire TSB

(Sharecast News) - Santander and Barclays were said to be the main contenders left in the race to acquire TSB, according to Bloomberg, citing people familiar with the matter. Santander and Barclays were allegedly the only banks with offers for the business on Friday, Bloomberg's sources said. Banco Sabadell, which owns TSB, will now likely pick one of the two remaining banks to enter negotiations with regarding a potential sale.

However, Bloomberg's sources also said there was no guarantee that Barclays and Santander would make a bid, and noted that Sabadell may still opt not to go ahead with the sale of TSB.







Reporting by Iain Gilbert at Sharecast.com