July 25, 2016 1:03 PM 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: 52
Chief Financial Officer, Director and Director of Tsb Bank Plc
Age: 43
Chief Operating Officer
Age: 51
Chief Risk Officer
Age: 50
Head of Media Relations
Compensation as of Fiscal Year 2016.

TSB Banking Group plc Key Developments

TSB to Close 25 Less Well Used Branches; to Open New £2 Million Branch in Aberdeen in November 2016

TSB is to close 25 "less well used" branches, including eight in Scotland in a move it said reflects "evolving customer demand". The bank also said that it would create a new £2 million branch in Aberdeen, due to open its doors on the city's St Nicholas Street in November 2016.

TSB Reports Earnings Results for the Three Months Ended March 31, 2016

TSB reported earnings results for the three months ended March 31, 2016. For the three months, the company reported management profit before tax of £59.9 million compared to £34.2 million a year ago. Statutory profit before tax was £52.6 million compared to £34.3 million a year ago.

TSB Banking Group Announces Executive Changes

TSB Banking Group confirmed that its audit director, Rosemary Hilary, has decided to retire at the end of March 2016. The company confirms its new Audit Director, subject to regulatory approval, will be Carlos Paz, who joins the Bank on 1 March 2016 from within the Sabadell Group. Carlos is currently Chief Risk Control Officer within Sabadell, and therefore brings a wealth of knowledge and expertise to his new role.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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