High Court Approves Tesco Bank Transfer to Barclays Amid Protests
The transfer of 4.1 million Tesco Bank accounts to Barclays is set for November 1, despite objections related to Barclays' activities in Gaza.
- The transfer involves Tesco Bank's credit card, personal loans, savings, and current accounts to Barclays Bank UK.
- The High Court judge ruled that objections related to Gaza are not relevant to the approval of the transfer.
- Approximately 0.014% of customers formally objected, citing service standards and ethical concerns.
- Pro-Palestine protesters were not allowed to present their objections in court, as deemed irrelevant to the case.
- The transfer agreement includes a long-term partnership, with no immediate changes to account terms.