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References in periodicals archive ?
Tesco Personal Finance plc (Tesco Bank) (AIM:TSCO) revealed on Tuesday that it sold its mortgage portfolio to Lloyds Banking Group for a consideration of GBP3.8bn in cash.
(Alliance News) - Tesco Personal Finance PLC's long-term local currency issuer and foreign currency deposit ratings were both upgraded by credit rating agency Moody's Investors Service on Wednesday.
Securities and Exchange Commission, assigned Tesco Personal Finance Group Limited (TPFG) and Tesco Personal Finance plc (TPF) Long- and Short-Term Issuer Default Ratings (IDRs) of 'BBB'/'F3', Viability Ratings (VRs) of 'bbb' and Support Ratings of '3'.
The banks and credit card issuers taking part in the scheme are AIB Group (trading as First Trust Bank in Northern Ireland and Allied Irish Bank in Britain), Barclays Bank, Capital One, Clydesdale Bank, HSBC Bank, Lloyds Bank, Northern Bank (trading as Danske Bank), Santander, Tesco Personal Finance, Co-operative Bank and Royal Bank of Scotland.
Compensation payments will be voluntarily funded by Affinion and the following high street banks and credit card issuers: AIB Group (UK) Plc trading as First Trust Bank in Northern Ireland and Allied Irish Bank (GB) in Great Britain; Barclays Bank Plc; Capital One (Europe) Plc; Clydesdale Bank PLC; HSBC Bank Plc; Lloyds Bank Plc; Northern Bank Limited trading as Danske Bank; Santander UK Plc; Tesco Personal Finance plc; The Co-operative Bank Plc; and The Royal Bank of Scotland Plc.
Tesco Personal Finance Plc, trading as Tesco Bank, leased the 100,353 sq ft Grade A Q8 building in 2009 on a 15 year term.
A Sainsbury's buyout of Lloyds' stake would mirror grocery market leader Tesco's acquisition of RBS's stake in Tesco Personal Finance five years ago.
It also puts the Edinburgh-based banking operation on the same footing as Tesco after its big rival acquired Royal Bank of Scotland's stake in Tesco Personal Finance five years ago.
TESCO Personal Finance have launched a huge recruitment drive that will see 200 staff join their new customer service centre in Glasgow.
Meanwhile, Tesco Personal Finance was renamed Tesco Bank as the Edinburgh-based operation set out to take on high street giants.
Bosses have ditched the Tesco Personal Finance name, saying: "We wanted a name that does what it says on the tin."
(ADPnews) - Sep 11, 2009 - Fortis UK and Tesco Personal Finance (TPF) have successfully completed talks on a new partnership providing motor and household insurance, Fortis (EBR:FORB) said on Friday.