The Co-op bank has today confirmed it approached Spanish lender
The bank said that it sent a letter to
Reports from
However, the board slapped down the approach, saying “This is not a transaction that we wish to explore at this moment.”
Sabadell acquired TSB after it was floated on the stock market by its previous owner, Lloyds. It has around 290 branches in the
Co-op bank said in a regulatory filing today it had sent a letter to Sabadell expressing an interest in buying TSB, but it did not yield any discussions.
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