Sainsbury’s sells banking to NatWest to focus on retail
Sainsbury’s Bank has been sold to NatWest as the grocer withdraws from a number of financial services to focus on its retail business.
Sainsbury’s CEO Simon Roberts said: “I am pleased to be announcing this news today. NatWest’s values and customer focus are a close fit with ours and as one of the UK’s leading banks, NatWest’s scale and financial services expertise will ensure our existing financial services customers continue to be well looked after.”
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