Supermarket giant Sainsbury’s has been talking to advisers about revisiting the sale of its banking arm’s £650m mortgage book, Sky News is reporting.
Sky News reports that sources had informed it that potential buyers had been contacted about the book over recent weeks.
Back in March talks between The Co-operative Bank and Sainsbury’s Bank over a potential sale collapsed when the pair could not settle on a price.
Sainsbury’s Bank stopped all new lending in 2019.
However, it continues to offer a range of other financial services.
Sky News contacted a Sainsbury’s spokesperson who declined to comment.
