Barclays UK buys Tesco Bank's retail banking arm for £600M
Barclays UK has announced the acquisition of Tesco Bank's retail banking business for an initial sum of £600 million.
Source: bmmagazine.co.uk
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Tesco Bank staff to transfer to Barclays
About 2,800 employees including senior management will be transferred from Tesco's to Barclays under the deal.
Source: personneltoday.com
Barclays to buy Tesco Bank: What does it mean for customers?
While some of Tesco Bank is set to be owned by Barclays, the high street bank will not take over everything and Tesco will be keeping some parts of its financial business.
Source: dailymail.co.uk
Freshfields and Hogan Lovells advise on Barclays' £600m Tesco Bank deal
Freshfields and Hogan Lovells advise on Barclays’ £600m Tesco Bank deal
Source: globallegalpost.com
Barclays to buy Tesco Bank: What does it mean for customers?
While some of Tesco Bank is set to be owned by Barclays, the high street bank will not take over everything and Tesco will be keeping some parts of its financial business.
Source: thisismoney.co.uk