{"id":77005,"date":"2024-06-20T07:14:26","date_gmt":"2024-06-20T07:14:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/20\/natwest-to-buy-sainsburys-banking-arm\/"},"modified":"2024-06-20T07:14:26","modified_gmt":"2024-06-20T07:14:26","slug":"natwest-to-buy-sainsburys-banking-arm","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/20\/natwest-to-buy-sainsburys-banking-arm\/","title":{"rendered":"NatWest to buy Sainsbury&#8217;s banking arm"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i2.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/bd68\/live\/62ab5bc0-2ecf-11ef-bc7f-b3a544fb9900.jpg?fit=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"NatWest to buy Sainsbury&#8217;s banking arm\" title=\"NatWest to buy Sainsbury&#8217;s banking arm\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">NatWest is to buy the main banking business of Sainsbury&#8217;s as the supermarket chain withdraws from the sector.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Under the deal, NatWest will take on the credit cards, loans and savings accounts of  Sainsbury&#8217;s Bank.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">However, it is not buying the Sainsbury&#8217;s Bank brand, or its cash machines, insurance or travel money businesses.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Customers will see no immediate change as a result of the deal, the two companies said.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Sainsbury&#8217;s will seek to redeploy employees at risk of losing their jobs as part of a consultation process.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The supermarket had said in Januray that it planned to wind down its banking division as it continues to focus on its core food business.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/czqqzlw0159o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NatWest is to buy the main banking business of Sainsbury&#8217;s as the supermarket chain withdraws from the sector. Under the deal, NatWest will take on the credit cards, loans and savings accounts of Sainsbury&#8217;s Bank. However, it is not buying the Sainsbury&#8217;s Bank brand, or its cash machines, insurance or travel money businesses. Customers will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":77006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/bd68\/live\/62ab5bc0-2ecf-11ef-bc7f-b3a544fb9900.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[9695,1801,4222,39085,1981],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/77005"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=77005"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/77005\/revisions"}],"predecessor-version":[{"id":77007,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/77005\/revisions\/77007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/77006"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=77005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=77005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=77005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}