August 1, 2008

Tesco to open bank

It had to come sooner or later, the superstore, which wants to provide everything that their customers need is now going into the banking industry.

The thought of all of those customers going through their stores, but still using outside facilities for other services is just getting too much for the management of Tesco’s.

So instead of just starting from scratch Tesco will be buying the fifty per cent stake, which the Royal Bank of Scotland owns in Tesco Personal Finance, this will bring the business back into the business where they will be able to develop the services provided including current and deposit accounts.

One day Tesco’s will be the only place needed for everything, if that is what you want!

Source [Directory Direct]