BBVA to Continue Takeover Bid for Sabadell Despite Sale of TSB

Banco Sabadell is reportedly considering selling its U.K. unit, TSB, to Banco Santander or Barclays to avoid a hostile takeover by BBVA. The bank is accepting offers for TSB through Friday (June 27) and is likely to then select one bank with which to negotiate a potential deal, Bloomberg reported Friday. It is...

Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the retail banking sector. The order requires banks to follow strict rules for informing customers about...

The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks and building societies to promote the development of shared banking hubs across the country. According...

Venture capital funds have gone in big on crypto, with Bloomberg writing that they’ve spent $17 billion this year already. Bloomberg notes that this amount is not only more than any other year — it’s also more than any other year on record combined. Much...