Reported about 9 hours ago
Barclays has announced the acquisition of U.S. lending startup Best Egg for $800 million, as part of its strategy to strengthen its consumer finance operations in the U.S. Best Egg, which provides personal loans primarily to customers with strong credit ratings, facilitates around $11 billion in loans. The deal aims to foster closer relationships with asset-management clients and is expected to close next year. Barclays looks to leverage the growth potential in the U.S. consumer finance market amid shifting banking dynamics.
Source: YAHOO