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Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
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LONDON & NEW YORK, February 27, 2024 Barclays PLC ("Barclays") and Blackstone Credit & Insurance ("Blackstone") today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the "Transaction") in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the "Accounts"). Thi