Shake-up may see Cheltenham & Gloucester and TSB vanish from High Street - AAD Consumer Forum

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5corpio started a blog post Shake-up may see Cheltenham & Gloucester and TSB vanish from High Street
30 September 2011, 07:09

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Shake-up may see Cheltenham & Gloucester and TSB vanish from High Street

The Cheltenham & Gloucester and TSB brands could disappear from the High Street under plans being drawn up one of Britain’s new banks. NBNK, the lender headed by City grandee Lord Levene, is considering axing the historic marques if it buys the branches Lloyds Banking Group is being forced to sell. It is understood that C&G and TSB would be phased out and the entire network rebranded in 2014 or 2015 if NBNK wins the auction of the branches.

The radical move would mirror Santander’s overhaul of its Abbey, Alliance & Leicester and Bradford & Bingley estates in...Read more on this story---> Shake-up may see Cheltenham & Gloucester and TSB vanish from High Street | This is Money
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