![]() The Co-op Bank, at that time still part of the Co-op Group, made an approach in 2013, but had to abandon the attempt after deep financial problems of its own triggered a £1.5bn rescue by three US investors.Ī combined Co-op-TSB would have created a bank with eight million customers and about 900 branches. This is the second time the Co-op Bank has expressed an interest in buying TSB. In a statement released on Monday, the Co-op said that "no discussions in relation to a potential transaction are currently taking place between the bank and Sabadell". Reuters reported that Sabadell had replied to the Co-op saying "this is not a transaction that we wish to explore at this moment as we have previously expressed publicly". Sabadell said on Saturday that its board had rejected an offer after Sky News first reported the approach.
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