Transfer of some Tesco Bank services to Barclays approved by High Court judge
2 months, 3 weeks ago

Transfer of some Tesco Bank services to Barclays approved by High Court judge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The transfer of parts of Tesco Bank to the UK arm of Barclays has been approved by a High Court judge amid objections from some customers and pro-Palestine protesters over the “situation in Gaza”. It comes after a court heard on Thursday from two TPF customers who opposed the scheme, with two others – who are part of pro-Palestine groups – blocked from addressing the court after Mr Justice Edwin Johnson ruled their objections were “not relevant” to whether the transfer should be approved. The barrister continued that there were also 2,248 emails received “from persons not customers of TPF” opposing the scheme following an “online campaign”, which he claimed the court could “safely ignore”. Under the approved scheme, BBUK will continue to operate the business under the Tesco Bank brand for at least 10 years and enter into a “long-term, exclusive strategic partnership” with Tesco from next month.

History of this topic

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders
2 months, 1 week ago
Concerns over Barclays Tesco Bank transfer
2 months, 3 weeks ago
John Lewis grows finance arm with loans for spending from cars to weddings
2 months, 3 weeks ago
Barclays to snap up Tesco Bank in £600m deal
10 months, 4 weeks ago
Tesco sells mortgage business to Lloyds Bank for £3.8bn
5 years, 4 months ago

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