NEW YORK (Reuters) – Barclays Plc (BARC.L) is ablution a retail annual that will action U.S. consumers a low-cost, digital-only coffer with the abetment of a above cyberbanking institution, the Cyberbanking Times appear on Sunday.
FILE PHOTO – The logo of Barclays coffer is apparent on bottle lamps alfresco of a annex of the coffer in the City of London cyberbanking commune in London September 4, 2017. REUTERS/Toby Melville
The move will put the London-based coffer in antagonism with Goldman Sachs Group Inc’s (GS.N) new Marcus Brand in the agenda cyberbanking space, the bi-weekly reported.
Barry Rodrigues, arch of cards and payments at Barclays International, told the Cyberbanking Times the coffer would “leverage Barclays’ UK ability and expertise” to actualize a current, or checking, annual for its U.S. online bank, which already offers acclaim cards, accumulation and loans to 13 actor customers.
“The added aspects of the accord a chump has with us, the happier we are,” Rodrigues told the newspaper. “We’re activity to barrage checking, we’re in the action of accomplishing the body and we’re accomplishing some testing . . . . We apprehend to accept that in the bazaar aing year.”
Barclays has a $25 billion accommodation book in the United States, absolute $20 billion to its co-branded agenda barter and $5 billion to online coffer borrowers.
Reporting by Jarrett Renshaw; Editing by Peter Cooney
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