Barclays to Buy Egg Credit Card Assets

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Barclays (BCS) is acquiring the UK-based credit card assets of Citigroups (C) internet bank, Egg, for an undisclosed purchase price. The assets include 1.15 million credit card accounts with 2.3 billion pounds, or about $3.7 billion, in gross receivables.

Credit: Market News Video
Copyright: Copyright (2011) Market News Video.

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