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Published 30 days ago

Sainsbury's sells banking arm to NatWest

  • NatWest is acquiring the main banking business of Sainsbury's, as the supermarket chain exits the sector to focus on food.
  • NatWest reassures Sainsbury's Bank customers no action is needed during the takeover.
  • NatWest will take over most of Sainsbury's Bank assets, excluding commission income businesses like insurance and Argos Financial Services.
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