Barclays Completes Sale of German Consumer Finance Business to BAWAG in Restructuring Effort
2025-02-03

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Barclays has finalized the sale of its German consumer finance business to BAWAG, an Austrian banking group, as part of its strategic plan to simplify operations and concentrate on core businesses, including corporate banking, investment banking, and private banking, enhancing its financial services portfolio and improving overall efficiency in the banking sector with a focus on digital banking and customer experience.