Tesco write off a £1 billion on their American venture
date:Apr 24, 2013
ad, Black believes Tesco Bank could begin reaping rewards for shareholders once it launches a current account to cement its existing offering of insurance, credit card, loan and savings products.

The groups financial arm which is headquartered in Edinburgh and has a customer service operation in Glasgow has held back on current accounts pending new rules later this year that will make it easier for customers to switch banks.

This has been seen as a barrier to new entrants, though the Post Of
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