TSB profits slump as it faces ‘challenging’ mortgage market

Name: TSB profits slump as it faces ‘challenging’ mortgage market
Uploaded: 2024-07-23T07:08:28+00:00
Duration: 57 s
Channel: Yorkshire Post
Description: High street lender TSB has revealed that profits dropped by almost a quarter for the past half-year due to weakness in the mortgage market. The firm, which is part of Spain’s Banco Sabadell, reported a pre-tax profit of £111.6 million for the six months to June, down 24.5% against the same period a year earlier.

Yorkshire Post

High street lender TSB has revealed that profits dropped by almost a quarter for the past half-year due to weakness in the mortgage market. The firm, which is part of Spain’s Banco Sabadell, reported a pre-tax profit of £111.6 million for the six months to June, down 24.5% against the same period a year earlier.

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