Barclays Buys Egg UK Credit Accounts From Citigroup
The credit card accounts come with some $3.7 billion in gross receivables, Barclays said, adding that it intends to integrate the accounts into its Barclaycard credit card division.
“The acquisition of Egg’s U.K. credit card accounts has been priced at a significant discount to gross receivables. Based on current projections,...
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