October 21, 2016 8:08 PM ET


Company Overview of TSB Bank plc

Company Overview

TSB Bank plc provides personal and business banking services in the United Kingdom. Its personal banking products and services include current accounts, savings accounts, mortgages, personal loans, credit cards, and home insurance products; and business banking products and services comprise bank accounts, savings accounts, debit and credit cards, business loans and finance, and payment services. TSB Bank plc was formerly known as Lloyds TSB Scotland plc and changed its name to TSB Bank plc in September, 2013. The company was incorporated in 1985 and is based in Edinburgh, United Kingdom. TSB Bank plc operates as a subsidiary of TSB Banking Group plc.

Henry Duncan House

120 George Street

Edinburgh,  EH2 4LH

United Kingdom

Founded in 1985


44 34 5975 8758


44 34 5835 3843

Key Executives for TSB Bank plc

Chief Executive Officer and Executive Director
Age: 52
Chief Financial Officer, Director and Director of Tsb Banking Group
Age: 43
Head of Savings
Head of Credit Cards Business
HR Director
Age: 45
Compensation as of Fiscal Year 2016.

TSB Bank plc Key Developments

Stuart Sinclair Step Downs as Non-Executive Director to TSB Bank plc's Board

TSB Bank plc announced that Stuart Sinclair has decided to step down from his non-executive director position on the Bank's Board.

Sabadell Reported To Be Front Runner For UKAR’s Northern Rock Loan Book

Banco de Sabadell, S.A. (CATS:SAB) is planning to acquire £13 billion Northern Rock loan book from UK Asset Resolution Limited (UKAR). Reports in Spain stated that Sabadell is the front-runner to buy the portfolio of Northern Rock's home loans, known as Granite. UKAR engaged Credit Suisse for the potential sale in April 2015. Until the start 2015, TSB Bank plc had been out of a significant portion of the UK home-loan market for a number of years because it had no direct link to mortgage brokers. According to the news report, The Royal Bank of Scotland Group plc (LSE:RBS), Citigroup Inc. (NYSE:C), The Goldman Sachs Group, Inc. (NYSE:GS) and The Blackstone Group L.P. (NYSE:BX) have shown interest in the Granite auction. The report added that Sabadell, TSB and UKAR declined to comment.

TSB Bank plc Appoints Kim Clarke as Director of HR Business Partnering and Employee Relations, Effective September 21, 2015

TSB Bank plc confirmed the appointment of Kim Clarke as Director of HR Business Partnering and Employee Relations. Kim's appointment will commence on September 21, 2015 and she will report directly into Rachel Lock, TSB's HR Director. Kim joins TSB from the Aviva Group where she has most recently been the HR Director for Integration. Prior to that, she was the HR Director for Policy, Business Partnering and HR Operations for Friends Life Group. Kim has 25 years of HR experience having worked for AXA, TNT International, Forte Hotels and British Rail. She also has extensive experience as a business partner and as a coach and mentor.

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Recent Private Companies Transactions

November 13, 2015
£3.3 billion Former Northern Rock Mortgages and Loans

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