Bloomberg Barclays Plc acquired a $3.8 billion portfolio of credit cards from retailer Gap Inc., giving it a new route to American consumers. The British bank will issue co-branded and private label credit cards in the US to Gap customers from the second quarter next year, Barclays said in a statement. While Chief Executive Officer Jes Staley has made the …

Bloomberg BlackRock Inc is gearing up for the first test of Chinese investor appetite for its own mutual fund products, more than 15 years after entering the world’s most promising wealth market. The company’s new China unit is launching its debut product on August 30, just two months after winning regulatory approval to become the nation’s first wholly foreign-owned mutual …

Bloomberg A vulnerability in Microsoft Inc.’s cloud database system left data at thousands of clients exposed to potential cyberattacks for about two years, according to the Israeli cybersecurity firm that discovered the bug. More than 3,300 of the software giant’s customers were exposed to a flaw in its Azure Cosmos DB database product that could have granted a malicious actor …