--The Co-operative Bank has approached Spain's Banco de Sabadell SA, TSB's owner, about a merger, Sky News says.
--The move could trigger a fresh wave of consolidation among the U.K.'s mid-sized lenders as the Spanish bank stated it wasn't keen to enter into formal discussions at this stage, Sky says.
--The Co-operative Bank indicated it would be willing to pay over 1 billion pounds ($1.38 billion) to acquire TSB, Sky reports.
Full story: https://bit.ly/3GcHRbH
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com