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NatWest acquires Sainsbury’s Bank retail assets
NatWest Group announces acquisition of Sainsbury's Bank's retail assets, adding £2.5bn in customer assets and one million customer accounts.

NatWest Group announces acquisition of Sainsbury's Bank's retail assets, adding £2.5bn in customer assets and one million customer accounts.

After talks initially being stalling earlier this year Co-operative Bank has finally completed the purchase of Sainsbury’s Banks mortgage book.

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.

The talks fell through as the two parties were unable to agree on a price for the portfolio owned by the supermarket giant.

Sky News reports that Co-operative Bank has tabled a £650m offer for Sainsbury's Bank's mortgage book.
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