Citigroup (C)

Barclays Bank PLC announced it has agreed to acquire the Italian credit card business of Citibank International Bank PLC. Barclays will acquire 197,000 credit card accounts and gross assets of EUR234 million of which substantially all relate to receivables. -
Barclays plans to integrate business and its employees into its existing Barclays Italy business, part of global retail and commercial banking, Western Europe division. Over time, Barclays intends to rebrand acquired credit cards with global Barclaycard brand.

Feb 12 · 12:08:00 PM
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by Larry Etter