Barclays will acquire the £5.5bn savings book and £8.8bn mortgage book of Standard Life Bank in the deal which is expected to be completed in the first quarter of 2010.
- Text size
Barclays agrees £226m Standard Life Bank deal
Standard Life, the Edinburgh-based insurance and pension institution, has agreed to sell its banking subsidiary to Barclays in a £226m deal that will see all of the Scottish bank’s 268 employees transfer to the High Street giant.
