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Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0902 ET - Adyen continues to significantly outpace its addressable market wi
NatWest Buys Sainsbury's Banking Arm, Adding £2.5B Asset Base
Market Talk Roundup: NatWest Buys Sainsbury's Bank Assets, Liabilities
Sainsbury's is transferring assets and liabilities from its banking branch to lender NatWest, in line with the British grocer's phased withdrawal from its core banking business outlined earlier this y
Global Equities Roundup: Market Talk
The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day. 0923 GMT - YouGov could post disappointing results for the fourth quarter as it grapples wi
National Westminster Bank (NWG.US) agrees to acquire the retail banking business of Santander, stepping up its layout in the retail banking business.
According to the Smart Finance News app, UK banking giant National Westminster Bank (NWG.US) has officially agreed to acquire the banking business department of UK retailer Sainsbury's. The British bank hopes to capture more market share in the domestic retail banking business in the UK. Therefore, this transaction will allow National Westminster Bank to have a larger scale in retail businesses such as credit cards and personal loans, which is also the latest signal that one of the largest grocery chains in the world has failed to break the monopoly of traditional lending institutions on retail financial services. It is understood that the two companies announced in a statement on Thursday
NatWest's Acquisition of Sainsbury's Bank Seems Sensible -- Market Talk
0749 GMT - NatWest's purchase of Sainsbury's banking assets and liabilities seems to fit with its existing strategy, KBW analyst Edward Firth says in a note after the British lender announced the deal