Barclays Acquires Tesco's Retail Banking
This is a news story, published by BBC UK, that relates primarily to Barclays news.
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successful tesco clubcard loyalty schemeBBC UK
•Tesco Bank to be bought by Barclays in £700m deal
74% Informative
Barclays is taking over Tesco Bank's credit cards, loans and savings accounts.
It has also agreed to market Tesco -branded banking services using the Tesco brand.
About 2,800 of Tesco 's banking staff will transfer to Barclays .
Sainsbury 's said it was planning a "phased withdrawal" from its banking division.
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English
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