Tesco is considering selling Tesco Bank, according to Sky News which has reported that the supermarket giant has started a review process for its banking arm.
The review is at a very early stage, according to insiders, and may not lead to a formal sale process. A partial sale or joint venture may also be considered.
Tesco is potentially bringing in Goldman Sachs to advise on Tesco Bank’s future, according to the report.
Sky News confirmed that there is no suggestion there will be job-losses or any form of wind down.
