Leading insurance group Zurich Financial Services is to collaborate with the Bank of Scotland in a jo...
Zurich intends to gain regulatory approval for the venture before the end of the year and in so doing provide bank accounts, personal loans, mortgages and credit cards to its 4.5m clients via Allied Dunbar and Eagle Star.
Zurich chief executive Sandy Leitch said: "This is an important strategic move for Zurich. It fits with our goal of reaching more customers and increasing our product range through strategic alliances."
Peter Burt, Bank of Scotland chief executive said: "The combined strength of Bank of Scotland and Zurich Financial Services will open up new markets and reinforces Bank of Scotland's position as the UK's leading partnership bank."
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created