Nov. 6 (Bloomberg) -- Barclays Plc, the U.K.'s second- biggest bank, completed the acquisition of the Italian residential mortgage unit of Macquarie Bank Ltd.

The mortgage assets had an outstanding balance of 1.1 billion euros ($1.4 billion), London-based Barclays said today in a Regulatory News Service statement. Barclays also acquired Macquarie's operational support and employees, the company said.

To contact the reporter on this story: Jon Menon in London at jmenon1@bloomberg.net

Last Updated: November 6, 2008 05:12 EST