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LONDON, Oct 28 (Reuters) - Barclays will buy U.S. personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking business in the United States. Sign up here. "The deep and sophisticated U.S. consumer finance market offers rich prospects for growth at Barclays," CEO C.S. Venkatakrishnan said. Barclays said the deal will help it build scale in the U.S. market, where its personal banking presence lags much bigger incumbent domestic banks. The deal will add two million customers, Barclays said, as well as diversifying its income by adding more capital-light servicing fees as opposed to interest income and interchange fees. Barclays said it expects the deal to close in the second quarter of 2026, after the completion of the previously announced sale of its American Airlines co-branded credit card receivables.
