Barclays (BCS) PLC announced that its wholly-owned US consumer banking subsidiary Barclays Bank Delaware has agreed to acquire Best Egg, Inc. for $800M. Completion of the transaction is subject to required regulatory approvals and other conditions. In 2025, Best Egg is expected to facilitate more than $7B in personal loan originations via its platform, Barclays said. The Best Egg acquisition is expected to complete in Q2 2026, after completion of the previously-announced sale of Barclays’ American Airlines co-brand credit card receivables. The net effect of both transactions is estimated to be an approximate 6bp increase in the Group’s CET1 ratio in Q2 2026. The Best Egg acquisition is expected to consume approximately 16bps of Group CET1 capital upon Completion. The Transaction will not affect Barclays’ stated total distribution target of at least GBP 10 billion between 2024 and 2026.
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