What Bank is Tesco part of?
Tesco PLC, the prominent British multinational grocery and general merchandise retailer, previously operated Tesco Bank as a joint venture and later as a wholly owned subsidiary in partnership with major financial institutions. However, Tesco agreed to sell its retail banking operations—including credit cards, personal loans, and savings accounts—to Barclays Bank, while its retail insurance and ATM operations underwent separate strategic realignments. Consequently, Tesco's core banking products and customer portfolios transitioned under the direct ownership and management of Barclays.
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