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February 13, 2016 2:22 AM ET

Banks

Company Overview of TSB Banking Group plc

Company Overview

TSB Banking Group plc provides various banking products and services to personal and small business customers in the United Kingdom. The company operates through three segments: Franchise; Mortgage Enhancement; and Acquired ex-Northern Rock Loans. It offers current, youth, student, graduate, savings, and credit union accounts; and personal, car, and graduate loans and mortgages, as well as business loans and finance products, such as business overdraft, enterprise finance guarantee, residential buy-to–let mortgage, and commercial mortgage solutions. The company also provides home and general insurance products and services; business payment services; and debit and credit cards, and online an...

20 Gresham Street

London,  EC2V 7JE

United Kingdom

Founded in 2014

8,620 Employees

Phone:

44 20 7003 9000

Key Executives for TSB Banking Group plc

Chief Executive Officer and Executive Director
Age: 51
Chief Financial Officer, Director and Director of Tsb Bank Plc
Age: 42
Chief Operating Officer
Age: 50
Chief Risk Officer
Age: 49
Chief Audit Officer
Compensation as of Fiscal Year 2015.

TSB Banking Group plc Key Developments

TSB Banking Group Plc Announces Management Changes

TSB Banking Group Plc announced that it named Ralph Coates as CFO and a board director of the group. The appointment, subject to regulatory approval, follows CFO Darren Pope's decision to step down to take a career break.

TSB Reportedly Eyes Northern Rock's Toxic Loans

TSB Banking Group plc reportedly is hoping to buy some of Northern Rock's most toxic loans which were swallowed up by the Government's bad bank' during the financial crisis. TSB Banking Group is thought to be in discussions with a consortium of investors, led by Morgan Stanley (NYSE:MS), which has mounted a successful bid for the £12 billion Granite' portfolio. Another consortium including The Royal Bank of Scotland Group plc (LSE:RBS) and The Goldman Sachs Group, Inc. (NYSE:GS) has been competing to buy the loan book. A spokesman for TSB Banking Group declined to comment.

TSB Seeks Acquisitions

Paul Pester, Chief Executive Officer of TSB Banking Group plc says, "business would continue to look at assets, whether from the UK government sell down or from other opportunities".

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 12, 2015
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