Barclays (BCS) is exploring a potential purchase of Tesco’s (TSCDY) banking business, Reuters’ Amy-Jo Crowley, Pablo Mayo Cerqueiro and Lawrence White report. According to a person familiar with the matter, Tesco has asked prospective buyers to submit non-binding offers for Tesco Bank by the end of the week as part of efforts to shrink its financial services footprint, with the person adding that Barclays has already made an indicative bid and is particularly interested in Tesco Bank’s credit card and saving account products.
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