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Blackstone Exclusive: Acquisition of $1.1bn Barclays Credit Debt Explained

In a strategic financial manoeuvre, Barclays has entered into an agreement with Blackstone to transfer approximately $1.1 billion in U.S. credit card receivables.

From Left: Kenneth Caplan, Kathleen McCarthy and Jonathan Gray. PHOTO: PATRICK JAMES MILLER FOR FORTUNE
From Left: Kenneth Caplan, Kathleen McCarthy and Jonathan Gray. PHOTO: PATRICK JAMES MILLER FOR FORTUNE

This deal is a significant step for Barclays as it aims to streamline its asset portfolio, reduce

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