Tesco could be set to branch out into mortgages, according to recent reports.
The retailer is set to decide at a key board meeting in October whether to go ahead with the plan under the auspices of Tesco Personal Finance, a joint venture with the Royal Bank of Scotland.
Customers will be given the chance to take out a Tesco branded mortgage while buying their fresh produce.
In other retailer news, the Financial Services Authority has closed its investigation into ‘suspicious transactions’ in Marks and Spencers shares prior to the £8.5 billion attempted takeover bid by Philip Green.
An investigation had been launched by the City regulator in late June, however, investigators said they did not find any evidence to support allegations of insider share dealing.
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