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FINANCIAL POLICY

TSB swings to back to profit, but cautions over inflation hit to borrowers

TSB swings to back to profit, but cautions over inflation hit to borrowers

The Spanish-owned lender posted annual pre-tax profits of £157.5m against losses of £204.6m in 2020. High street bank TSB has revealed it returned to profit in 2021 thanks to record mortgage lending and a bounceback in the wider economy (Aaron Chown/PA) High street bank TSB has revealed record mortgage lending helped it returned...

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Bank of England Declan Hourican PA Spanish-owned TSB UK

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