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TSB Bank (United Kingdom)
TSB Bank plc is a retail and commercial bank in the United Kingdom which is part of the Sabadell Group. 〔(【引用サイトリンク】title=Banco Sabadell acquires 100% of TSB shares - Banco Sabadell )〕 TSB Bank operates a nationwide network of 631 branches across England, Scotland and Wales. TSB launched on 9 September 2013, with more than 4.6 million customers and over £20 billion of loans and customer deposits, and is headquartered in Edinburgh. The bank was formed from a number of Lloyds TSB branches in England and Wales, all branches of Cheltenham & Gloucester and the business of Lloyds TSB Scotland. These were transferred to the existing Lloyds TSB Scotland plc, which was renamed TSB Bank plc.
The divestment of TSB from Lloyds Banking Group was necessary due to a European Commission ruling that the British government's purchase of a 43.4% stake in the group in 2009 counted as state aid. The ruling required that the group sell a portion of its business. The reestablished TSB was listed on the London Stock Exchange following an initial public offering in June 2014, and was a constituent of the FTSE 250 Index. TSB accepted a takeover offer from the Spanish bank Sabadell in March 2015, which was completed on 8 July 2015. 〔
==History==
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