Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition of Tesco Bank will be carried out by Barclays UK, the companies said in a Friday (Feb. 9) press release....
Barclays is reportedly considering the acquisition of Tesco’s banking operations. Tesco, a British food retailer, has invited potential buyers to submit non-binding offers for Tesco Bank as part of its efforts to downsize its financial services footprint, Reuters reported Friday (Nov. 17), citing unnamed sources. While Barclays has already...
Today in the connected economy, Instacart rolls out new features designed to help its in-store pickers, while Visa and MFG team up to provide contactless transit solutions in North Africa. Plus, Google unveils a new tool that lets people tell their phone to pay for...
In today’s top Europe, Middle East and Africa news, McDonald’s chief financial officer has predicted the fast-food chain will lose $50 million per month, or 5 cents to 6 cents per share for shutting its Russian eateries, and Visa is collaborating with Abu Dhabi-based FinTech...
November 01, 2024
Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the acquisition, Barclays UK has entered into a 10-year exclusive strategic partnership with Tesco Stores Limited to market and distribute credit cards, unsecured personal loans and deposits using the Tesco brand […]
February 09, 2024
Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition of Tesco Bank will be...
November 17, 2023
Barclays is reportedly considering the acquisition of Tesco’s banking operations. Tesco, a British food retailer, has invited potential buyers to submit non-binding offers for Tesco Bank as part of its efforts to...
March 10, 2022
Tesco Bank has launched a partnership with identity verification firm Onfido to provide security for new customers using the Tesco Clubcard Pay+ program, the bank announced in a news release...
