Page 4 - TSB G Case Study
P. 4
TSB Bank (United
Kingdom)
Ghosts of Christmas
Future
Introduction
TSB Bank plc is a challenger bank operating as both a
retail (631 branches) and a commercial bank in the UK
and is a subsidiary of the Spanish Sabadell Group.
TSB launched in its present form on 9 September 2013,
with around five million customers and over £20 billion of
loans and customer deposit and is headquartered in
Edinburgh.
The bank was formed
from the existing business
of Lloyds TSB Scotland plc,
into which a number of
Lloyds TSB branches in
England and Wales and all branches of Cheltenham &
Gloucester were transferred and renamed TSB Bank plc.
Lloyds Banking Group were forced to divest branches
after the European commission ruled that the British
Government’s 43.4% stake in the group in 2009 counted
as state aid. In June 2014 TSB was, after an initial public
offering (IPO), listed on the London Stock Exchange.
