Tesco to sell bulk of banking business to Barclays for £700m
About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded services
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About 2,800 of supermarket group’s staff will transfer to bank, which will sell Tesco-branded services
The banking giant plans to take over Tesco Bank's credit cards, unsecured personal loans and deposits, and market them under a strategic partnership with Tesco Stores.
The banking giant will scoop up Tesco Bank’s credits cards, loans, savings and banking operations as part of the deal.
UK lender strikes deal to buy bulk of supermarket’s bank
The banking giant plans to take over Tesco Bank's credit cards, unsecured personal loans and deposits, and market them under a strategic partnership with Tesco Stores.