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](https://krugmaninsights.com/wp-content/uploads/2024/01/BLA03.20.Blackstone-1024x683.webp)
This deal is a significant step for Barclays as it aims to streamline its asset portfolio, reduce