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Banco de Sabadell SA (SABE.MC)

SABE.MC on Madrid SE C.A.T.S.

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15 Feb 2019
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Fri, Feb 1 2019

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IT meltdown at Britain's TSB burdens Spanish parent Sabadell

LONDON Britain's TSB Bank, a subsidiary of Spain's Sabadell, plunged to a 105.4 million pound ($137.9 million) loss last year as costs from a major IT meltdown ratcheted up further.

UPDATE 2-IT meltdown at Britain's TSB burdens Spanish parent Sabadell

* TSB execs forego bonuses after IT disaster (Adds Sabadell shares and analyst comment)

Spain's Banco Sabadell 2018 net slumps 54 pct, hit by TSB

MADRID, Feb 1 Spain's Banco Sabadell posted on Friday a 54 percent slump in 2018 net profit, hit by 292 million euros ($333.81 million) in costs from an IT outage at its British bank TSB.

UPDATE 1-Intrum buys Sabadell's real estate servicer to boost Spain presence

Dec 14 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Intrum buys Banco Sabadell's real estate servicer Solvia

Dec 14 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.

Spain's Sabadell aims to strengthen TSB to make acquisitions

MADRID Sabadell wants its British unit TSB to start buying other businesses once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Spain's Sabadell has no plan to sell TSB, wants it to acquire assets

MADRID Spain's Sabadell has no plans to sell its TSB unit and wants the bank to start buying other assets once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Spain's Sabadell has no plan to sell TSB, wants it to acquire assets

MADRID, Dec 7 Spain's Sabadell has no plans to sell its TSB unit and wants the bank to start buying other assets once it has cleared up the fallout from an IT meltdown, a spokesman for the Spanish group said on Friday.

Spain's Sabadell plans eventual merger or sale of British unit TSB -media

MADRID, Dec 7 Spain's Sabadell plans an eventual merger or sale of its TSB unit once it has returned the British bank to profitability, Sabadell's chairman was quoted as saying on Friday.

Spain's Sabadell exceeds forecasts despite TSB outage costs

MADRID Costs from an IT outage at its British bank TSB hit Sabadell's third quarter earnings on Friday, but shares in the Spanish banking group rose as it exceeded forecasts.

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