Barclays (BCS) to Acquire Tesco's Retail Banking Business

Barclays (BCS) made a significant move in the U.K. retail banking space by announcing a deal to acquire Tesco's retail banking business for £600 million. This partnership with Tesco, the U.K's largest retailer, not only marks a key opportunity for BCS to further its retail banking ambitions but also signifies a new chapter in expanding its customer base and distribution channels.The acquisition includes Tesco-branded credit cards, unsecured personal loans and deposits, totaling approximately £8.3 billion in ...