Barclays to acquire Best Egg for $800M

Barclays to acquire Wilmington-based Best Egg for $800M

Barclays has announced it will acquire Wilmington-based fintech company Best Egg to give a major boost to its personal loan portfolio. The post 🔒 Barclays to acquire Wilmington-based Best Egg for $800M appeared first on Delaware Business Times.

Barclays Buys US Loan Platform Best Egg for $800 Million

Barclays to acquire Best Egg for $800M

The personal lending fintech last year secured a $500 million purchase facility from Fortress Investment Group and tech-driven investment manager Edge Focus to grow its loan platform.

Barclays to buy U.S. loan firm Best Egg for $800 million (BCS:NYSE)

Barclays (NYSE:BCS) to acquire the U.S. personal loan originator Best Egg for $800 million, aiming to significantly expand its presence in the American consumer finance market.

Why are people who are capable of massive misjudgement allowed to run public companies?

I found it quite staggering that the FT could report this today: Barclays has agreed to buy US personal loan business Best Egg for $800mn in a move that will help expand its consumer lending and give it access to more loans to package up and sell to investment bank clients. The 2008 global financial crisis happened in no small part because US banks sold portfolios of debt that they had issued to US consumers to investment bank clients who did no…

Barclays CEO sees 'rich prospects' in US consumer finance

Barclays will buy US personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking