Barclays to Acquire Tesco Bank's Retail Banking Business 🏦
Barclays has announced a deal to buy Tesco Bank's retail banking division, including 2,800 staff, marking a major expansion in its banking operations.
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Barclays has agreed to buy the retail banking business of Tesco Bank, including acquiring its 2,800 staff, the companies have announced. The banking giant expects to pay roughly £600 million for the credit cards, loans, savings and operating systems of the UK’s largest supermarket.
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Published
Feb 9, 2024
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