Harrods Bank Sold to Online Lender Tandem

The Qatar Investment Authority (QIA), through Qatar Holding, owns luxury department store Harrods, which ultimately owns Harrods Bank. Formed in 1893, Harrods Bank, which has its own independent banking license, was 100% sold to Tandem Money Limited (Tandem), an online bank. The deal was rumored to be worth around £80 million.

Harrods Bank will operate under the Tandem brand name.

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