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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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Bias Distribution

  • 67% of the sources are Center
67% Center
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RTÉ broke the news in Ireland on Thursday, June 20, 2024.
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