TITLE

Tesco's banking business booms

PUB. DATE
April 2009
SOURCE
SCTWeek;4/27/2009, Vol. 14 Issue 17, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on Tesco Personal Finance, the banking business of Tesco PLC. Tesco Personal Finance now has about 6 million credit card and savings accounts, up from 5 million in 2008, and also, it has opened an additional 100,000 accounts so far in 2009. Tesco CEO Terry Leahy has called the aftermath of prevailing banking crisis as an ideal time to nurture a financial services business. It is stated that Tesco is doing in Great Britain, what Wal-Mart Stores Inc. wanted to do in the U.S.
ACCESSION #
38809663

 

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