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 business in the United States.
The deal shows British lenders’ continued appetite for acquisitions after a run of strong results, following on from HSBC’s (HSBA.L) agreement to buy out Hong Kong’s Hang Seng, NatWest’s (NWG.L) acquisition of the banking arm of retailer
