Can Tesco beat Britain's banks?

Supermarket giant Tesco looks set to follow up its conquest of the retail sector with an aggressive move into banking. Tim Bennett looks at the secrets of Tesco's success, and examines how the retailer aims to beat the banks at their own game.

Tesco looks set to follow up its conquest of the retail sector with an aggressive move into banking. HSBC and Barclays, be afraid be very afraid, says Tim Bennett.

How successful is Tesco?

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.