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09-02-2024, 12:28 PM | #1 | |||
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[Tesco has announced the sale of most
of its banking arm to Barclays in a deal worth up to £1bn. The UK's largest retailer, which had been in discussions with other major lenders including HSBC and Lloyds over a deal, said all 2,800 staff at Tesco Bank would transfer to Barclays under the agreement over time. The sale only includes its banking operations in credit cards, loans and savings. Tesco Bank's wider financial services interests, including insurance, gift cards and cash machines, will remain with Tesco.] [The company told the bank's five million customers they did not need to take any action and that they would be contacted in due course.] https://news.sky.com/story/tesco-ban...-700m-13067201 Last edited by arista; 09-02-2024 at 12:30 PM. |
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09-02-2024, 12:57 PM | #2 | |||
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So all those Tecsco credit card holders will shift their debt to Barclays.
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09-02-2024, 03:41 PM | #3 | |||
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09-02-2024, 03:53 PM | #4 | |||
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09-02-2024, 04:09 PM | #5 | |||
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Tesco do not want it. Those better days have long gone Last edited by arista; 09-02-2024 at 04:09 PM. |
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09-02-2024, 05:57 PM | #6 | |||
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Wonder if it makes a difference to having the set amount covered by the government insurance.
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