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MBNA finalise sale of credit card assets to Lloyds for £1.9bn
Lloyds Banking Group has finalised the purchase of MBNA’s UK credit card business from Bank of America for £1.9 billion pounds in an effort to increase profit and reduce its reliance on mortgage lending. The move represents the first major acquisition for Britain’s biggest mortgage lender, which is part-owned by the government, since it was bailed out [...]
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