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Did Abbey (now Santander) pay a fair price for B&Bs branch network and retail deposit business?

April 26, 2017Abbey branch deposit fair Network pay price retail santander

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Did Abbey (now Santander) pay a fair price for B&Bs branch network and retail deposit business?

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The Transfer of B&B’s branch network and retail deposit business to Abbey was made as a result of a competitive process to which major UK and international financial institutions were openly invited. Abbey tendered the winning bid.