19 results about this entity
Period: 12 Oct 2004 - 18 Jan 2024
News/retail
UK retail giant Sainsbury's is to wind down its banking division, having already offloaded is mortgage book to Co-operative Bank in the summer.
18 January 2024
The Co-operative bank is reportedly the frontrunner in the bidding process for the £650 million mortgage loan book of supermarket chain Sainsbury's, heralding a turnaround in the fortunes of the once distressed lender.
21 February 2023
Company announcement/payments
Credit management group Intrum UK has signed an agreement to manage the collections and recoveries functions for Sainsbury’s Bank and Argos Financial Services portfolios.
08 February 2022
News
Nationwide Building Society has confirmed it is in talks with Sainsbury's Bank to buy the supermarket chain's £1.9 billion mortgage book.
02 March 2020
News/security
Several of the UK's largest banks have been forced to stop offering customers foreign currency services as a result of the ransomware attack on Travelex.
10 January 2020
Company announcement
New research from Sainsbury’s Bank reveals that almost eight million UK adults have sent an average of £5,236 abroad in the last two years.
20 December 2017
Sainsbury’s Bank, the UK’s first supermarket bank, today announced a new relationship with the Western Union Company (WU), a leader in global payment services.
19 May 2015
UK supermarket chain Tesco is preparing to step up its assault on the UK banking sector with the launch of its first current account product later this year.
18 February 2014
Sainsbury's Bank estimates that approximately £11.4 billion will be withdrawn from UK ATMs this December, equating to over £367 million per day.
04 December 2013
UK supermarket chain Sainsbury's has confirmed its intention to assume full control of its banking operations and has hired US-based FIS as its chief technology partner.
08 May 2013
UK supermarket chain J Sainsbury says it is in "advanced negotiations" with Lloyds Banking Group to take over full ownership of Sainsbury's Bank.
07 May 2013
UK supermarket giant Sainsbury's has begun trialling a service that lets customers scan items as they shop using their phone and pay at the till without unloading their trolley.
19 October 2012
With the reputation of high street banks in the gutter, Brits are open to the idea of switching their allegiance to potential rivals, such as John Lewis and Amazon, from outside the industry.
29 August 2012
Only one traditional financial services player has made it into the UK's top four rated credit card brands, with retailers dominating a list from Auriemma Consulting Group (ACG).
13 February 2012
The banking operation of UK retailer Sainsbury's has announced plans for a £3.5 million investment to tackle rising levels of cash machine skimming fraud.
29 August 2006
UK supermarket bank Sainsbury's says the percentage of financial products sold via its Web site has more than doubled over the last two years to 40%.
14 December 2005
UK supermarket bank Sainsbury's says it now sells over a third (30%) of its financial products online, a significant increase from two years ago when fewer than one in five (18%) purchases were made via its Web site.
04 April 2005
Sainsbury's Bank, the financial services arm of the UK supermarket chain, is launching its first Internet only banking account.
05 January 2005
Supermarket chain Sainsbury's has stepped up its challenge to the UK banking industry with the launch of a new debit card-based system for capturing customer deposits at the check-out.
12 October 2004
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