NatWest Expands Retail Banking with £2.5 Billion Sainsbury's Acquisition

Sainsbury's, on the other hand, will retain its commission-income businesses such as insurance, ATMs, and travel money, which are considered capital-light and profitable, and have a strong connection to its core retail operations. The retailer plans to return at least £250 million of excess capital to investors after the disposal of its banking business. NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury's, the second-largest grocer in the ...