Lloyds to boost UK credit card business with MBNA deal – Financial Times

Lloyds to boost UK credit card business with MBNA deal – Financial Times

Financial TimesLloyds to boost UK credit card business with MBNA dealFinancial TimesLloyds added that the MBNA business made net profits of £166m last year and comprises £7bn in gross assets, which are being bought for a cash consideration of £1.9bn. The deal is expected to deliver a £650m per year boost to group revenues and to …DealBook|Lloyds to Buy Bank of America’s British Credit Card BusinessNew York TimesLloyds Bank pays £1.9bn for MBNA, while UK retail sales climb – business liveThe GuardianLloyds Banking Group paying £1.9bn for MBNASky NewsBBC Newsall 52 news articles »
Lloyds to boost UK credit card business with MBNA deal – Financial Times