Barclays bank says to buy Standard Life assets

LONDON: British bank Barclays announced on Monday that it will buy the home loans and savings division of insurer Standard Life for 226 mn pounds (246 million euros, 369 million dollars).

"Barclays Bank plc has agreed to acquire Standard Life Bank plc from Standard Life for a consideration of 226 million pounds, payable in cash upon completion," the bank said in a statement.