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Sainsbury's sells core banking unit to NatWest

By Benjamin Chiou

Date: Thursday 20 Jun 2024

(Sharecast News) - Sainsbury's has announced it is selling its core banking business, comprising £2.5bn of outstanding credit card, unsecured personal loan and saving accounts, to NatWest and plans to return a tenth of that amount to shareholders.
The deal will give NatWest around one million additional customer accounts, while allowing...

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