Spanish bank Sabadell commissions review that could lead to third sale of lender in seven years
The Spanish owners of TSB are considering putting the UK bank up for sale, in what could lead to the third major ownership shakeup for the loss-making lender in seven years.
Sabadell has asked Goldman Sachs to launch a review of TSB that could result in a sale of the entire bank, which it bought for £1.7bn in 2015. However, the Guardian understands Sabadell is open to other options including selling a partial stake, floating TSB on the stock exchange, or maintaining full ownership of the UK lender.
