Tesco Bank updates — Barclays buys major supermarket banking arm – here’s how it may affect five million customers

TESCO Bank has been sold to Barclays in a move that will affect over five million customers.

The high street bank has agreed to buy the retail banking arm of Tesco Bank, including acquiring its approximately 2,800 staff, it has announced.

The move will affect millions of credit cards, loans and savings customers.

While the operation of these services will be run by Barclays, they will continue under the Tesco Bank name.

Read our live blog below for the latest news and updates…

   

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