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Consumer card spending grew just 1.9 per cent in February but Insperiences benefitted as takeaways and digital content soared
February’s 1.9 per cent growth represents the smallest increase since September 2022, when consumer card spending rose 1.8 per cent. Wet weather contributed to a 2.2 per cent fall in high street spending, while Insperiences, such as takeaways and digital content, grew 6.5 per cent as Brits opted for nights at home watching new releases such as ‘One Day’.
Barclays and Blackstone agree to sale of credit card receivables
Barclays and Blackstone Credit & Insurance have announced that Barclays Bank Delaware has entered into an agreement to sell approximately US$1.1 billion of currently outstanding credit card receivables in relation to a defined set of Barclays-branded credit card accounts in the US.
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