Editing Tesco (section)

===Tesco Bank===
{{Main|Tesco Bank}}
In the United Kingdom Tesco offers financial services through Tesco Bank, formerly a 50:50 joint venture with [[The Royal Bank of Scotland]]. Products on offer include credit cards, loans, mortgages, savings accounts, and several types of insurance, including car, home, life, and travel. They are promoted by leaflets in Tesco's shops and through its website. The business made a profit of £130&nbsp;million for the 52 weeks to 24 February 2007, of which Tesco's share was £66&nbsp;million. This move towards the financial sector diversified the Tesco brand and provides opportunities for growth outside of the retailing sector. On 28 July 2008, Tesco announced that it would buy out the Royal Bank of Scotland's 50% stake in the company for £950&nbsp;million.<ref>{{cite news |url=https://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2008/07/28/bcntesco228.xml |title=Tesco eyes mortgages and current accounts in plan to take on UK's high street banks |work=The Daily Telegraph |date=28 July 2008 |access-date=28 July 2008 |location=London |first1=Emma |last1=Thelwell |first2=Myra |last2=Butterworth}}{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}</ref>