TSB plans to buck the trend for lenders to close branches by opening up to 30 outlets to help the business to win market share following its sale by Lloyds Banking Group, the Mail on Sunday reports.
Chief executive Paul Pester told the paper the new branches would be mainly in the South of England. TSB has 630 branches in the UK.
The founder of Keydata, the investment firm which collapsed into administration amid controversy in 2009, plans to sue the Financial Conduct Authority for £375m claiming it of a politically motivated abuse of power according to the Sunday Times. The newspaper says Stewart Ford claims he was denied natural justice in an investigation by the former Financial Services Authority, which he said was mainly intended to show its effectiveness following the 2008 financial crisis.
Wilkinsons, the value retailer recently renamed Wilko, has been acquired by one half of the founding family from the other says the Sunday Telegraph. The deal reportedly put a £500m value on the business founded by James Kemsey Wilkinson in Leicester in 1930. Mr Wilkinson's son Tony and family members have bought the interests of the family of his granddaughter Barbara Swann.
Investors that specialise in turnarounds are mulling bids for the Homesbase DIY chain amid speculation it could be put up for sale by Home Retail Group. Potential bidders include London-based OpCapita, which led the controversial takeover of Comet the electronics retailer in 2012 and Apollo, the US giant.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article