Barclays to Acquire Tesco's Retail Banking Business and Form Tesco-Branded Partnership

HSBC Agrees to Sell Egypt Retail Banking Business to Emirates NBD Egypt

August 3, 2026

Financial Services

HSBC has agreed to sell its Egyptian retail banking business to Emirates NBD Egypt as part of its portfolio simplification. The deal covers the assets and liabilities of HSBC Egypt’s entire retail banking operation, including customer loans, deposits, accounts, and employees.

Barclays Completes Acquisition of Best Egg to Expand U.S. Personal Lending Platform

May 1, 2026

Payments & Fintech

Barclays has completed its acquisition of Best Egg, a U.S. direct-to-consumer personal loan origination platform. The deal was executed through Barclays Bank Delaware and adds a scaled, capital-light personal lending capability to Barclays US Consumer Bank, with Best Egg continuing to operate under its existing brand.

Fidelity Bank Plc to Acquire Union Bank UK

August 30, 2022

Financial Services

Fidelity Bank Plc has entered into a binding agreement to acquire 100% of Union Bank United Kingdom Limited (Union Bank UK), subject to approval from the UK Prudential Regulation Authority. The Central Bank of Nigeria has issued a letter of no objection; the deal represents Fidelity's first international expansion to broaden its trade and diaspora banking services.

Barclays Bank UK PLC Acquires Kensington Mortgages from Blackstone and Sixth Street

June 24, 2022

Financial Services

Barclays Bank UK PLC agreed to acquire Kensington Mortgages (KMC and KMS) from funds affiliated with Blackstone Tactical Opportunities and Sixth Street; the deal was announced June 24, 2022 and completed March 1, 2023. The acquisition adds a specialist UK residential mortgage lender — with strong data and technology-driven underwriting and ~600 employees — to Barclays' UK mortgage capabilities.

Cathay General Bancorp Acquires HSBC's West Coast Retail Banking Business

February 7, 2022

Financial Services

Cathay General Bancorp (through Cathay Bank) completed the purchase of HSBC Bank USA, N.A.'s West Coast mass retail consumer banking and retail business banking business, adding 10 retail branches in California and associated loans and deposits. The deal expands Cathay's branch network and consumer/business banking footprint on the U.S. West Coast.

Tandem Bank Acquires Consumer Lender Oplo

January 12, 2022

Financial Services

Tandem Bank is acquiring fast-growing UK consumer lender Oplo to create a larger, purpose-led digital bank focused on fairer and greener financial products. The combination — spearheaded by Pollen Street Capital — will produce a profitable digital bank with roughly £1.2 billion of assets, about £1 billion of funding, over 171,000 customers and regulatory approval to complete by end of January 2022.