Barclays news and trends

Citi and Barclays Back Financial Data Collection Firm Validis

January 14, 2025
Barclays, Citi, Validis, investments
Citi Gets Exclusive on American Airlines Co-Branded Cards
Partnerships // December 05, 2024

Citi will become the exclusive issuer of the American Airlines co-branded card portfolio, AAdvantage, in 2026, having reached an agreement to acquire the Barclays American Airlines Co-branded Card portfolio. Citi and American Airlines, which have had a co-branded partnership for more than 37 years, have...

Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
Legal // November 24, 2024

Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. The British banking giant will appear before the upper tribunal in London this week, challenging the fine over an emergency fundraising with investors from Qatar at the height of the...

Barclays UK Completes Previously Announced Acquisition of Tesco Bank
Acquisitions // November 01, 2024

Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the acquisition, Barclays UK has entered into a 10-year exclusive strategic partnership with Tesco Stores Limited to market and distribute credit...

Barclays Takes Over Goldman’s GM Credit Card Portfolio
Credit Cards // October 14, 2024

Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card program’s receivables from the current issuer — Goldman Sachs — next year....

Interviews & Exclusives
Security Breaches Underscore Questions on Open Banking’s Data Liability  

October 04, 2021
The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as strong as its weakest link. In the age of open banking, where data access can be broad indeed – where consumers grant permission, and traditional financial institutions (FIs) give access […]

Virtual Cards Drive Consumerization Of B2B Payments

January 12, 2021
Historically, corporate travel and expense (T&E) management has been viewed as an entirely separate function from other B2B payment workflows. With employees seeking to use company cash in the same...

Joor Brings Global B2B Payments To The Fashion Runway

November 11, 2020
Domestic B2B payments are complicated enough, but making these payments across international borders is a whole other challenge. Companies that rely on cross-border B2B payments may not have to deal...

Barclays Business Banking CEO On Solving SMB’s Big Receivables’ Problem

August 06, 2018
Ironically, as the global economy has gotten stronger, payment cycles between buyers and suppliers have gotten longer. What was once an average of about 45 days from invoice to payment has increased...

Quick Reads
Citi and Barclays Back Financial Data Collection Firm Validis

January 14, 2025
Financial data collection firm Validis has received strategic investments from Citi and Barclays. The two banking giants will use U.K.-based Validis’ platform to automate financial monitoring, deliver underwriting-ready data faster, and reduce application and credit review time, the company said in a news release Tuesday (Jan. 14). “We’re eliminating historically time-consuming and high-cost data processes, […]

Citi Gets Exclusive on American Airlines Co-Branded Cards

December 05, 2024
Citi will become the exclusive issuer of the American Airlines co-branded card portfolio, AAdvantage, in 2026, having reached an agreement to acquire the Barclays American Airlines Co-branded Card portfolio. Citi...

Barclays Calls on Ex-CEO to Fight $50 Million UK Fine

November 24, 2024
Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. The British banking giant will appear before the upper tribunal in London this week, challenging...

Barclays UK Completes Previously Announced Acquisition of Tesco Bank

November 01, 2024
Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the acquisition, Barclays UK has entered...