View more on these topics

Tesco to open bank branches in 30 of its stores

Tesco is set to open bank branches in 30 of its stores by the end of this year.

The supermarket giant has been running an in-store bank in Glasgow since 2006 and plans to open three more branches in Brislington, Blackpool and Coventry next month.

Tony Collins, managing director of Opal, whose research recently re-vealed that supermarkets pose the biggest threat to financial firms, says: “While consumers don’t necessarily want a one-stop shop they also don’t want to trawl around a variety of providers.

“Enlightened firms have used similar tactics to supermarkets to boost their product ranges by adopting white labelling.”

Recommended

Calls for Stamp Duty to be abolished

Ray Boulger, senior technical manager at John Charcol is calling for Chancellor Alistair Darling to suspend residential Stamp Duty in the April Budget. He says total suspension would cost less than £2bn per annum. Although the Chancellor has indicated that there will be no further major fiscal stimulus in the budget on April 22, John […]

Where is it now?

Xit2 came in a close second with news that it is launching Mortgages Reunited, allowing borrowers who took out mortgages now held by mortgage-backed securities to trace the current owner of their home loan.

Mortgage Times looks to recruit sales staff

Mortgage Times is embarking on a major recruitment drive which will see its sales team boosted with the addition of 20 business development consultants.

Newsletter

News and expert analysis straight to your inbox

Sign up