Barclays completed the acquisition of the retail banking business of Tesco Bank for £600m.

Barclays, a British multinational universal bank, completed the acquisition of the retail banking business of Tesco Bank, a British retail bank, for £600m. "This acquisition is an important step in increasing our investment in the UK. We look forward to collaborating with Tesco Group on delivering Tesco-branded financial services. We are delighted to welcome all transferring Tesco Bank employees and customers to Barclays," C.S. Venkatakrishnan, Barclays CEO.